Earnings: WaPo’s Q3 Profits Down; Online Up 24%

Washington Post Co.’s Q3 profits fell 19 percent, weighed down by hurricane-related charges and lost revenue at its cable division.

But online revenues (including Slate, which was acquired in January 2005), primarily washingtonpost.com, increased 24% to $19.8 million for Q3, from $15.9 million in Q3 2004; online revenues increased 24% to $55.5 million for the first nine months of 2005, from $44.7 million in the first nine months of 2004.

Local and national online advertising revenues grew 32% and 36% for Q3 and first nine months of 2005, respectively. Online classified ad revenues on washingtonpost.com increased 26% in Q3 and 22% for the first nine months of 2005.

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