Washington Post Reports Profit Gain
Posted: 11/2/2012 | By: Edmund Lee | Bloomberg
Washington Post Co. (WPO), the media
company partly owned by billionaire Warren Buffett, reported a
rise in third-quarter profit on improved revenue from its
broadcast and cable television divisions.
Excluding items such as restructuring expenses, income from
continuing operations rose 23 percent to $50.4 million, or $6.79
a share, from $40.9 million, or $5.18 a share, a year earlier,
the company said today in a statement. Operating revenue was
little changed at $1.01 billion.