Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped”, a special commemorative book from The Boston Globe. Order now.

Earnings fall 85 percent at Washington Post Co.

WASHINGTON — The Washington Post Co. reported an 85 percent drop in earnings, although profits from continuing operations fell by 55 percent while revenue inched up slightly.

The company reported strong operating profits for its television broadcasting and cable divisions. But its Kaplan education unit lost money and its flagship newspaper continued to suffer steady and substantial declines in its circulation and print advertising.

Continue reading below

The company earned net income of $4.7 million, or 64 cents a share, for the first quarter, down from $31 million, or $4.07 a share, a year earlier. Revenue edged up to $959.1 million, from $955.5 million in the first quarter of 2012. The results were skewed by one-time items including first quarter charges of $25.3 million for early retirement, severance, and restructuring at the newspaper and education divisions and $4.6 million in foreign currency losses.

At the newspaper division, print advertising revenue fell 8 percent to $48.6 million.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com