本帖最后由 admin 于 2012-5-24 23:25 编辑
【案例】
Washington Post Records 22% Drop in Income
By THE ASSOCIATED PRESS
Published: February 24, 2012
Net income was $61.7 million, or $8.03 a share, compared with $79 million, or $9.42 a share, in the period a year earlier. Revenue fell 10 percent, to $1.06 billion from $1.18 billion. Revenue declined at all of its divisions except cable TV, where it was flat. The company said its latest quarter
included several one-time items, like $9.6 million in severance and restructuring charges at the Kaplan education business. Excluding one-time items, the company would have earned $8.96 a share in the latest quarter, down from $11.59 a share in the period a year earlier. For the full year, the company reported net income of $116 million, or $14.70 a share, on $4.21 billion in revenue. That compared with 2010 net income of $277.2 million, or $31.04 a share, on $4.68 billion in revenue. The Washington Post Company is best known for its namesake newspaper, but Kaplan accounts for more than half of its revenue. Once a growth engine, Kaplan is now accepting fewer students. The Education Department has been investigating Kaplan and other
for-profit collegesover claims that they often recruit students who have little chance of graduating and finding jobs, leaving them with huge debts. Fourth-quarter revenue at Kaplan fell 14 percent, to $597.7 million, and operating income fell 51 percent, to $32.3 million. At Cable One, the company’s cable business based in Phoenix, revenue held steady at $191 million, while operating income rose 12 percent. Revenue from newspaper publishing, the company’s third-largest business, dropped 4 percent, to $181 million, and operating income fell 63 percent, mainly because of a continued decline in print advertising. Shares of The Washington Post Company rose $8.75, or 2.3 percent, to $397.56.
A version of this article appeared in print on February 25, 2012, on page
B7
of the
New York edition
with the headline: Washington Post Records 22% Drop In Income.
|