Washington Post’s profits fall
According to the Wall Street Journal’s Josee Rose and Jonathan Vuocolo, the Washington Post’s fourth quarter income fell nearly 7%;
The Washington-based publisher’s net income fell to $95.5 million, or $9.97 a share, from $102.4 million, or $10.65 a share, a year earlier.
Results from the latest quarter included a charge of $3.30 a share for early-retirement buyouts among other items. Results from the year-earlier quarter included items such as a charge of $1.80 a share associated with Hurricane Katrina and other hurricanes.
Operating revenue rose 10%, to $1.04 billion from $948.7 million a year earlier, due to growth at the company’s education, television broadcasting and cable television divisions, offset by declines at the newspaper and magazine publishing divisions.
While the Washington Post faces the same advertising pressure as other publishing companies, it finds relief from those problems because of its Kaplan and television operations.
I hate to take comfort in others’ misery, but the Washington Post has made it so easy for me to abandon that particular trait.
Category: Media
WOW….I am astonished to see how many others are experiencing the same issue! At the same time I am glad to see I haven’t been singled out. I filed our taxes on 2/3/09 and got a message of acceptance on 2/4/09 saying we should have our refund deposited on 2/13. All was well and on 2/12 I called my bank to check and pending deposits. To my dismay, it said I had none. I then proceeded to check the IRS website and low and behold it says there is a delay in processing my refund and to mention reference number 1201. So, I call the IRS the next day in hopes of getting an exact idea of why our refund is being delayed. HA! What was I thinking! I think they had less of a clue than I did! All that was mentioed was the fact that we owe taxes from a previous year (which we were already aware of) and that the IRS has 3 weeks to process refunds. I would have been totally fine with waiting the 3 weeks if they hadn’t emailed me saying it would be deposited on the 13th. They have it all backwards. Why not just send an email sayking your return has been accepted and when processing is complete you will be notified and THEN send an email with a deposit date? They are getting people’s hopes up and then SEVERELY letting them down. Anywho, the Where’s My Refund page has said there is a delay of our refund for a week now, so I am just hoping it all gets straightened out soon so we get our money!