Washington Post newspaper division incurs losses worth $22.6 million in Q1 2012May 5, 12:49 pm
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)
- 'Ponzi king' Bernie Madoff's CFO testifies scam 'was open secret in company'
- BlackBerry sales drop to nearly zero in US, China, Spain and Japan
- US Justice Department approves Microsoft-Nokia deal
- PC market expected to post greatest contraction ever in 2013: IDC
- CEO John Chen claims BlackBerry's 'death reports' exaggerated
- Apple buys Twitter data tracking firm Topsy Labs for estimated $200mn
- Huawei decides to abandon U.S. market following strained relations with govt.
- Commerce Ministry's e-BRC project wins 2013 eASIA Award
- SPMCIL delivers Rs.84.69 crore dividend to govt.
- Nobel Prize economist warns of stock market bubble in US