The Washington Post Co. on Friday reported a 39% drop in first-quarter profits. The Kaplan education business now accounts for half of the company's revs. At
The Washington Post, advertising
revenue was down 11%. Online revenues grew 8% from the year-ago quarter to $27.1 million, but that was not enough to offset print losses. The cable television unit increased revenue 17%, to $174.2
million. The magazine division, including
Newsweek, had a 13% drop in revenue to $53.4 million.
