The Future of Print

Washington Post Swings To Profit; Newspaper Display Up 17 Percent

Posted in Boom by futureofprint on May 7, 2010

For the most part, The Washington Post Co. NYSE: WPO had a pretty good Q1—except, of course, for the magazine division i.e., Newsweek, which saw revenue plunge 36 percent to $29.4 million. While Newsweek had a for sale sign hung on it this week, the newspaper division’s troubles have sharply abated. In Q1, newspaper revs declined 3 percent, a vast improvement over last year’s deep 22 percent drop. But the good news on the newspaper publishing side, which is primarily represented by WaPo’s flagship, came from the web, as display revs jumped 17 percent. For more details on Newsweek’s dismal Q1, see Staci D. Kramer’s piece here.

Earlier this week, the WaPo’s online-only Slate Group said that its ad revenues were up 52 percent. The positive results at Slate, which is part of the newspaper division, weren’t able to obscure the continued struggles for its print-based sibling as the washingtonpost.com’s classified sales were down 22 percent, hardly better than Q109’s 23 percent fall.

via Washington Post Swings To Profit; Newspaper Display Up 17 Percent | paidContent.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: