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May 11, 2012 06:10 AM
The Washington Post Co.’s Self-Destructive Course
Dividends, share buybacks, and an anti-paywall stance help bleed the paper dry
The Washington Post Company‘s dismal quarterly earnings release last week was received with something of a shrug—more of the same. But the report is worse than the reaction suggests and raises fundamental questions about the Post's strategy, not just for the newspaper, but for the whole company. If you hadn’t heard, the Washington Post Company is basically a for-profit college/SAT-prep...
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