Washington Post posts
FeedPosted Oct 31st 2009 10:10AM by Trey Thoelcke (RSS feed)
Filed under: Daimler (DAI), Sprint Nextel Corp (S), AFLAC Inc (AFL), Avon Products (AVP), Kellogg Co (K), Hershey Co (HSY), Procter and Gamble (PG), BP p.l.c. ADS (BP), McGraw-Hill Companies (MHP), General Dynamics Corp (GD), Nintendo (NTDOY)
Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...
Posted Oct 30th 2009 4:40PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Newspapers, New York Times'A' (NYT), Gannett Co (GCI), Media World
The Washington Post Company (NYSE: WPO) published data for the third quarter earlier today. Can't say I was mightily impressed by the numbers. Sure, there was a profit increase, but the top line wasn't exciting, and the newspaper division, as you might have expected, experienced a sharp decline in sales.
Net revenues rose 2%. Earnings per share came in at $1.81. That was sharply higher than the $1.08 per share recorded in the comparable period. Yet, I think you have to be careful in terms of reading too much positive spin into the growth rate.
Continue reading The Washington Post Company increases income, but shares sell off
Posted Feb 28th 2009 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Yahoo! (YHOO), Dell (DELL), General Motors (GM), Gap Inc (GPS), Lowe's Cos (LOW), Office Depot (ODP), Hormel Foods (HRL), salesforce.com inc (CRM), Public Storage (PSA)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Dell, GM, Lowe's, Heinz, Smucker, Washington Post and more
Posted Feb 25th 2009 11:20AM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Bad news, Products and services, Newspapers, Competitive strategy, Marketing and advertising, Recession

Shares of the
Washington Post Company (NYSE:
WPO) are trading in the red this morning after the company reported that its fourth quarter
profit dropped by a massive 77%. Net income came in at $2.01 per share, verse $8.71 per share in the same period last year.
As I noted in the earnings preview yesterday, the company's flagship newspaper and its magazine division (
Newsweek Magazine) have been hit hard with losses in advertising revenue, and both had a dismal 2008 year. The company's newspaper division
lost $14.4 million in the fourth quarter and had a $192.4 million operating loss for the entire 2008 year. Its newspaper division had a slight profit of $10.9 million in the fourth quarter, but on a full year basis it posted a loss of $16.1 million.
Continue reading Washington Post (WPO) misses the mark
Posted Feb 22nd 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Marvel Entertainment (MVL)
Analysts surveyed by Thomson Reuters expected the parade of earnings declines to continue into the final week of February, with Martha Stewart Living Omnimedia Inc. (NYSE: MSO), Nordstrom Inc. (NYSE: JWN), Home Depot Inc. (NYSE: HD), Wynn Resorts Ltd. (NASDAQ: WYNN), Macy's Inc. (NYSE: M), DreamWorks Animation SKG Inc. (NYSE: DWA), Limited Brands Inc. (NYSE: LTD), Target Corp. (NYSE: TGT), Royal Bank Of Canada (NYSE: RY), Del Monte Foods Co. (NASDAQ: DLM), Kohl's Corp. (NYSE: KSS), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Gap Inc. (NYSE: GPS), Campbell Soup Co. (NYSE: CPB), RadioShack Corp. (NYSE: RSH), and H.J. Heinz Co. (NYSE: HNZ) all expected to post lower earnings for the most recent quarter. Office Depot Inc. (NYSE: ODP), Saks Inc. (NYSE: SKS), and Cooper Tire & Rubber Co. (NYSE: CTB) are expect to have swung to a loss.
Continue reading The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more
Posted Oct 26th 2008 10:10AM by Jonathan Berr (RSS feed)
Filed under: New York Times'A' (NYT)
This post is part of a feature on companies and products that our bloggers think are in need of a makeover. See all 26.
Every Sunday like clockwork. I put my copy of the Sunday edition of the New York Times (NYSE: NYT) in front of me at the breakfast table hoping to bask in the gray lady's take on the week's events. Then, the interruptions start. My 2-year-old son wants me to read him a book. Household chores need to be done. Groceries need to be bought, and soon the day has slipped into afternoon football time. The newspaper lies on the kitchen table, waiting to be world.
What my family's weekend routine underscores is that newspaper publishers have not kept up with modern life. The notion of a lazy Sunday afternoon seems quaint to me at times, laughable at others. The woes of newspaper publishers have been repeated endlessly. Circulation is declining. Advertising is plunging. Newsroom budgets are being slashed. Many veteran reporters and editors are counting the days until retirement.
But even though the world has changed, the Sunday newspaper has basically remained the same. Publishers continue to view this as their showcase edition. They publish the best stories by the best writers. Many of these features are long because newspapers figure -- wrongly is my view -- that people have the time to read them. These lengthy opuses win journalism awards and may lead to changes in government policy. Think of the Washington Post's (NYSE: WPO) expose on the horrendous conditions at Walter Reed Army hospital or the Times' scoop on warrantless wiretaps. These pieces, though, are the exceptions. Many stories in Sunday papers -- or in their daily counterparts as well -- are simply too long.
Continue reading Makeover needed: Newspapers
Posted Jan 4th 2008 3:39PM by Jonathan Berr (RSS feed)
Filed under: Television, Newspapers, Politics, Presidential elections

In describing the results of last night's Iowa caucuses,
The Washington Post's David Broder minced no words: "Eight years after Iowa voters did the conventional -- sending George W. Bush and Al Gore on to meet in the election of 2000, they shook up the status quo in both parties as never before. The victories of Barack Obama and Mike Huckabee jolted the expectations of establishment candidates with far stronger conventional credentials."
The New York Times' David Brooks was similarly thunderstruck. "I've been through election nights that brought a political earthquake to the country. I've never been through an election night that brought two."
While I admit the results were exciting, there is something that people often forget that the
Philadelphia Inquirer's Dick Polman argues they need to remember: "Incumbents aside, exactly
one victorious Iowa candidate -- George W. Bush in 2000 -- has ever gone on to win the presidency in the same year. Even though (Jimmy) Carter got an historic boost in Iowa, on the way to his November election, he actually finished second in Iowa -- behind 'Uncommitted.'"
Oh, so all of the hot air that's been expounded in the past 24 hours over this antiquated political system is that one of the least representative states in the country may not actually mean much in the long term. That's unbelievable, but what's worse is that we are about to go through this whole exercise yet again in an equally non-representative state, New Hampshire.
Continue reading Media World: Huckabee, Obama victories leave pundits speechless
Posted Nov 8th 2007 1:10PM by Tom Taulli (RSS feed)
Filed under: Rumors, Internet, Blogs, Microsoft (MSFT), New York Times'A' (NYT), Technology
It seems that every couple months there are new buyout rumors regarding the fast-growing social media site, Digg. And, yes, the rumors are buzzing again. The culprit this time is the Valleywag blog.
Of course, the suitors include old media stalwarts that – yet again – can't seem to shoot straight in the new media world. They would include such companies as the New York Times (NYSE: NYT) or the Washington Post (NYSE: WPO).
Oh, and the price tag for the deal is $300 million to $400 million. But, hey, in light of Microsoft (NASDAQ: MSFT)'s investment in Facebook, this seems cheap-o.
Ironically enough, Digg recently signed a $100 million ad deal with Mr. Softy. In other words, it seems like Microsoft may be to blame for the craziness in the social media world, huh? And, as a result, it may be making it very expensive for old media companies to buy into the space.
Tom Taulli is the author of various books, including The Complete M&A Handbook
and The Edgar Online Guide to Decoding Financial Statements
. He also operates DealProfiles.com.
Posted Oct 16th 2007 9:10AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Adobe Systems (ADBE), Verizon Communications (VZ)
MAJOR PAPERS:
- Barron's Online's (subscription required) "Inside Scoop" column reported that Adobe Systems (NASDAQ: ADBE) founder and co-chairman John Warnock sold 25K shares for $1.1M last week, according to SEC data.
- The Wall Street Journal (subscription required) reported that Ben Bernanke, the Federal Reserve chairman, last night said that while the housing market will continue to be a "significant drag" on the U.S. economy next year, strong income growth has kept consumer spending steady.
OTHER PAPERS:
- Verizon Communications (NYSE: VZ) told Congressional investigators that it has provided customers' telephone records to federal authorities in emergency cases without court orders hundreds of times since 2005, reported the Washington Post.
- Ad agency WPP Group (NASDAQ: WPPGY) is in final negotiations to acquire Blast Radius, an Internet agency, reported the U.K. Times.
- Smith & Nephew (NYSE: SNN) is being investigated by the SEC on bribery allegations, according to the U.K. Times.
- Activist investor Knight Vinke is attacking HSBC (NYSE: HBC) once again, according to the U.K. Times.
WEBSITES:
- DigiTimes.com reported that Taiwan Semiconductor Manufacturing Company (NYSE: TSM) has denied a report by the Ottawa Citizen which speculated that Taiwan Semi was seeking to acquire Canadian design house Emerging Memory Technologies, saying the rumors were false.
- TechCrunch.com reported that Napster (NASDAQ: NAPS) is switching from its desktop client to a fully web based client, enabling users to listen to their music from any computer after logging into the service.
Posted Sep 24th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Microsoft (MSFT), Home Depot (HD), Barclays plc ADS (BCS), BHP Billiton Ltd ADR (BHP)
MAJOR PAPERS:
- Singapore Airlines deal to buy 15.7% of China Eastern Airlines (NYSE: CEA), along with their parent Temasek Holding's 8.3% share, may be in jeopardy as Cathay Pacific Airways is said to also be interested in China Eastern, reported the Wall Street Journal.
OTHER PAPERS:
- As a part of its annual report to be released this week, BHP Billiton Limited (NYSE: BHP) is expected to announce that it has uncovered potentially the largest gold reserves in the world at its South Australian Olympic Dam mine, reported the Herald Sun.
- According to the Washington Post, citing congressional investigators, the FBI is investigating technology company Unisys Corporation (NYSE: UIS) after it allegedly failed to detect "cyber break-ins traced to a Chinese-language Web site and then tried to cover up its deficiencies."
- The Telegraph reported that British bank Barclays (NYSE: BCS) is reportedly preparing to sell FirstPlus, one of its subprime consumer loan units, at a loss. Barclays is expected to obtain a price lower than GBP4.5B, the book value of the unit's loan portfolio.
- Microsoft Corporation (NASDAQ: MSFT) will tomorrow release its 'Halo 3' video game and the company expects over $150M in sales in the first 24 hours of its release, and a profit margin that could reach 90%, reported the Los Angeles Times.
- Housing slump or not, Home Depot Inc (NYSE: HD) CEO Frank Blake says there will be no large jobs cuts or store closings, reported the Associated Press.
Posted Aug 27th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Ford Motor (F), Home Depot (HD), Altria Group (MO)
MAJOR PAPERS:
OTHER PAPERS:
- The Washington Post reported that Home Depot Inc (NYSE: HD) has made a deal to sell its supply arm, HD Supply, for $8.5B, down from the original price of $10.3B, to a consortium of private equity firms headed by Carlyle Group, inside sources say.
- According to a sources with knowledge of the discussions, Altria Group Inc (NYSE: MO) is considering spinning off its Philip Morris International division as part of a restructuring plan to increase shareholder value, reported the New York Times.
- A Chinese technology company has expressed interest in buying Seagate Technology (NYSE: STX), reported the New York Times.
- According to senior industry analysts, Dr. Reddy's Laboratories (NYSE: RDY) is eyeing U.S. based Bradley Pharmaceuticals Inc (NYSE: BDY), which is expected to be valued at between $380M-$400M, reported the Economic Times.
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