Washington Post reports jump in 4Q profit as education and cable units offset print slump

The Washington Post Co. says its fourth-quarter profit more than quadrupled. Its cable TV and education divisions provided most of the lift, although the publishing segment also made money after large cost cuts.

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The company, which owns Newsweek magazine, Kaplan education services and TV properties along with The Washington Post newspaper, earned $81.7 million, or $8.71 per share. That was up from $18.8 million, or $2.01 per share, a year earlier.

Revenue climbed 6 percent to $1.24 billion.

The newspaper division, including dozens of dailies and weeklies, managed to reverse its losses. Job reductions and other cost-cutting steps helped it post an operating income of $3.2 million, compared with an operating loss of $14.4 million a year earlier.

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