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Washington Post reports quarterly loss

Saturday, 5 November 2011


Bangalore, Nov 4 (Reuters): The Washington Post Co posted a quarterly loss as advertising revenue at its flagship newspaper fell and fewer students signed up at its Kaplan chain of for-profit colleges. The company's third-quarter net loss was $6.2 million, or 82 cents a share, compared with net income of $60.9 million, or $6.84 a share, a year ago. Revenue fell 13 per cent to $1.03 billion. Results include impairment, restructuring and other charges. Excluding items, earnings were $4.95 a share.