Earnings: WaPo Revenues Up In 2Q06; Profit Flat

Despite an increase in revenues, special charges for staff buyouts helped keep The Washington Post Company’s profit flat at $78.7 million, or $8.17 per share, for 2Q06 compared to $78.8 million, or $8.16 per share, for the same quarter last year. Led by the education division, revenues rose 8 percent to $969 million from $897.6 million in 2Q05.
Breaking out online: Revenue for online publishing — primarily washingtonpost.com — rose 36 percent to $25.3 million from $18.7 million in 2Q05. During the first half of 2006, online accounted for $48.2 million in revenue, up 35 percent from

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