WaPoCo Still Making Money

moolah.jpgRest assured Washingtonians: Newspapers may be dying, but the Washington Post is still making money–largely, of course, thanks to its non-newspaper business divisions.

Despite big advertising drops at Newsweek and an increase in newsprint costs, the Post’s first quarter report shows an increased profit to $66.6 million ($6.87 per share) from $59.4 million ($6.15 a share) a year ago, primarily because of strong growth in the company’s Kaplan educational division.

Whatever any of that means. We skipped financial accounting in college.

MEDIABISTRO EVENTS

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Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.