Friday, May 1, 2009
Washington Post Co. reports loss, ad plunge
It is sad to see the Washington Post declining just like the rest of the newspaper industry, but it just signifies how special it once was to read news at the table in the morning while eating breakfast. I was unaware of the other holdings that the Washington Post company holds and it is good to see that they are diversified in areas of magazines and education. The Kaplan education company is one of the biggest and most known in helping prepare students for scholastic tests and it has been a company that I thought was doing pretty well. Students are bound to see some sort of increase in scoring and knowledge by working with Kaplan even if it is solely because they have to commit time and energy to fulfill the requirements. Newsweek is a magazine that I see as one of the leaders in the news industry even though its profits have declined as well. Having these holdings may allow the Post to continue on for a little while longer, but major changes have to made if the newspaper is going to continue serving people around the Capitol.
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