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May 6, 2011
A Tale of Two Newspapers
WSJ: Our print edition has had 17 consecutive quarters of circulation revenue growth
Wall Street Journal publisher Les Hinton tells staffers that ad revenue for the paper’s U.S. print edition was up 7 percent in the first quarter, and circulation revenue was up almost 8 percent. For the digital editions, ad revenue was up 19 percent, and circulation revenue jumped 22 percent.
Washington Post Profit Declines 67%
Revenue at the newspaper division, which also includes the Herald of Everett, Washington, was little changed at $155 million. The unit had an operating loss of $12.8 million, compared with $13.8 million a year earlier.
Posted by Vanderleun at May 6, 2011 8:33 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Naturally this means federal bailouts for the failing paper and federal regulations for the successful paper.
Posted by: RedCarolina at May 6, 2011 9:39 AM
Bailouts? No, the WaPo employees simply will become Federal employees, starting at GS-10 minimum for the first six months, then rising to appropriate levels according to tested sycophantic vibes.
Posted by: Peccable at May 6, 2011 3:20 PM