Washington Post newspaper division incurs losses worth $22.6 million in Q1 2012

Washington, May 5 (ANI): The Washington Post Company's newspaper division has reported an operating loss of 22.6 million dollars in the first quarter of 2012, according to its quarterly earnings report.

According to Politico, the company's newspaper division took a major hit in the first quarter, losing 22.6 million dollars as compared to the same period last year when they suffered losses worth 12.8 million dollars.

Recently released reports by the Audit Bureau of Circulations also showed the company's print advertising slumping to 52.7 million dollars, which was a 17 percent decline over the same period last year, while the Post's weekday print circulation fell 9.8 percent and the Sunday print circulation fell by 5.2 percent. (ANI)