Not According To their Feb. 25, 2009 Year End Report (2008)
by
run75441
03/16/2009, 7:28 PM #
Dearth:
"During 2008, revenue generated by the Company’s online publishing activities, primarily washingtonpost.com, increased 7% to $122.7 million, from $114.2 million in 2007. Online revenue increased 5% to $35.5 million for the fourth quarter of 2008, from $33.7 million in the fourth quarter of 2007. Display online advertising revenue grew 17% in 2008 and 10% for the fourth quarter of 2008. Online classified advertising revenue on washingtonpost.com declined 3% in 2008 and 6% for the fourth quarter of 2008. A portion of the Company’s online publishing revenue is included in the magazine publishing division."
and this for the overall company:
"WASHINGTON--(BUSINESS WIRE)--Feb. 25, 2009-- The Washington Post Company (NYSE:WPO) today reported net income of $65.7 million ($6.87 per share) for the fiscal year ended December 28, 2008, down from $288.6 million ($30.19 per share) for the fiscal year ended December 30, 2007. Net income for the fourth quarter of 2008 was $18.8 million ($2.01 per share), compared with $82.9 million ($8.71 per share) for the fourth quarter of 2007. "
This is from their annual report for 2008. Not a great year; print was way down, online generated a profit, and the educational section was the rising star of all of their holdings. It would help if people started reading the annual reports.
Lets face it, for what ever reasons; WaPo does not like BOTF and maybe it is because of the spammers. It is not because of this place persay in that I think Geoff is right. I also think he was attempting to get a reaction from you all, which he did. I don't believe he got the reaction they wanted though. Slate isn't closing; but maybe, Ballot Box, BOTF, and The Bottom Line will and regardless of the hits (as I explained in my post to TK on a "Geoff" thread) they generate. Hits on line generate revenue from advertisers. Hits are top-posts and replies, openning articles (which you don't do), and are openning some of the ads.
My $.02