Washington Post reports $22.6M loss

http://www.politico.com/blogs/media/2012/05/washington-post-reports-million-loss-122502.html

The Washington Post Company doubled its net income in the first quarter of 2012 while the newspaper division reported an operating loss of $22.6 million, according to a new quarterly earnings report.

The company reported a net income of $31 million in January-March 2012, up from $15.2 million in the same period in 2011, while revenues fell 7 percent to $972.5 million in Q1 2012 from $1.04 billion in Q1 2011.