{"id":41891,"date":"2013-02-23T03:08:00","date_gmt":"2013-02-23T03:08:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/washington-post-swings-into-q4-loss-as-it-takes-huge-one-time-charge-wpo\/41891\/"},"modified":"2013-02-23T03:08:00","modified_gmt":"2013-02-23T03:08:00","slug":"washington-post-swings-into-q4-loss-as-it-takes-huge-one-time-charge-wpo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/washington-post-swings-into-q4-loss-as-it-takes-huge-one-time-charge-wpo\/41891\/","title":{"rendered":"Washington Post Swings into Q4 Loss as it Takes Huge One-Time Charge (WPO)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=WPO\" target=\"_blank\" rel=\"noopener\">NYSE: WPO<\/a>) reported on Friday that it swung into a loss in its fiscal fourth quarter as its bottom line was impacted by huge one-time charge related to a write-down at its Kaplan unit even as overall operating revenue dropped.<\/p>\n<p><span id=\"more-41891\"><\/span><\/p>\n<p>However, excluding onetime items, the newspaper and for-profit education company posted a quarterly profit.<\/p>\n<p>Lately, Washington Post has felt intense pressure both on its top-line and bottom-line due to declining advertising revenue in its print business while its namesake newspaper\u2019s circulation is also shrinking.<\/p>\n<p>Moreover, stricter regulatory scrutiny on for- profit education businesses such as Kaplan is also putting pressure on Washington Post\u2019s financials. For the Company, Kaplan has been a cash-cow.<\/p>\n<p>Earlier in September, Washington Post announced that Kaplan will stop enrollments of new students at nine campuses while four of the ground campuses will be merged with the existing ones. At that moment, the Company had said that it will take a charge of $18 million under restructuring costs, which will be linked to asset write-downs and lease and severance obligations, spread between third quarter of 2012 and last quarter of fiscal 2013.<\/p>\n<p>For the fiscal fourth quarter, Washington Post reported a loss of $45.4 million or $6.57 a share, compared to a profit of $61.7 million or $8.03 a share, in the year earlier period. In the recently concluded quarter, the company took $111.6 million charge towards asset impairment linked to Kaplan\u2019s test preparation business and $41.2 million restructuring charges related to education and publishing business.<\/p>\n<p>Stripping out onetime expenses, adjusted earnings came at $10.61 from $8.91, in the same period of last year.<\/p>\n<p>Revenue from its education division, which accounts for most of the company\u2019s top-line, fell 6.3% to $544.4 million. After including restructuring expenses, this division posted an operating loss of $111.9 million compared to a profit of $30.9 million, in the year earlier quarter.<\/p>\n<p>Revenue from cable TV division rose 5.7%, it leaped 32% in TV broadcasting business, dropped 5.8% publishing business , in printing business it plunged 12% to $67.5 million while in online publishing activities, ( washingtonpost.com and Slate), it climbed increased 5% to $33.1 million.<\/p>\n<p>Overall operating revenue fell 0.9% to $1.05 billion.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130225053102\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fwashington-post-swings-into-q4-loss-as-it-takes-huge-one-time-charge-wpo%2F41891&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130225053102js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/will-president-obamas-stance-on-sequester-backfire\/41896\">\nWill President Obama\u2019s Stance on Sequester Backfire?<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/washington-post-swings-into-q4-loss-as-it-takes-huge-one-time-charge-wpo\/41891\">\nWashington Post Swings into Q4 Loss as it Takes Huge One-Time Charge (WPO)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-price-settle-lower-logs-second-straight-weekly-loss\/41890\">\nGold Price Settle Lower, Logs Second Straight Weekly Loss<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-february-22\/41876\">\nMarket Update After Hours February 22<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-gains-against-euro-and-yen\/41875\">\nForex Market Update: Dollar Gains Against Euro and Yen<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-rebound-after-two-straight-days-of-losses-2\/41873\">\nStocks Rebound after Two Straight Days of Losses<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-lower-silver-prices-also-fall-3\/41864\">\nGold Prices Settle Lower; Silver Prices also Fall<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130225053102im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: WPO) reported on Friday that it swung into a loss in its fiscal fourth quarter as its bottom line 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