Washington Post Posts Loss, Though 2012 Performance Remained Stable

The Washington Post Co. (NYSE:WPO) posted a fourth quarter loss, as reported by none other than, well, the Washington Post. 

The loss equated to $45.7 million, or $6.57 per share. The company took $113 million in after-tax charges for writedowns, mostly for restructuring purposes at Kaplan, the Post’s education-based subsidiary.

In the same period last year, the Post had a profit of $61.7 million, or $8.03 per share.

The Washington Post Co. also says that were it not for the writedowns, the company made $78.8 million in the fourth quarter, representing a 15 percent increase over 2011. Cash flow and the company’s cash positions was strong and in good shape, despite ad revenue being down by about 12 percent for the quarter.

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Shares were up 13 percent year over year for 2012, having risen from $14.70 in 2011 to $17.39 in 2012. The Post’s four main subsidiaries, though, had mixed results in contributing to the growth

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