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MENAFN - 04/11/2012

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(MENAFN) The Washington Post Co posted a quarterly profit compared to a year earlier loss, AP reported.

The prominent newspaper said it made USD93.8 million net profit during the third quarter, versus USD6.2 million loss a year earlier.

Last year's third-quarter loss included one-time charges of USD3.5 million related to severance and restructuring at Kaplan, an education unit that provides more than half of its revenue.

The company said third quarter results included a one-time charge of USD7.6 million in early retirement, severance and restructuring costs at its newspaper publishing division and at Kaplan. Still, there were fewer charges than last year.

Quarterly revenue was almost flat from a year earlier at USD1.01 billion, the company said.

 






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