Washington Post Co. (WPO) reported first-quarter net income attributable to common shares of $4.7 million or $0.64 per share, down from $31.0 million or $4.07 per share for the first quarter of last year.
Income from continuing operations attributable to common shares was $6.1 million or $0.82 per share for the first quarter of 2013, compared to $13.5 million or $1.72 per share for the first quarter of 2012.
Excluding items, income from continuing operations attributable to common shares was $25.2 million or $3.46 per share for the first quarter of 2013, compared to $9.3 million or $1.18 per share for the first quarter of 2012.
Revenue for the first quarter of 2013 was $959.1 million, up slightly compared to $955.5 million in the first quarter of 2012. Revenues increased at the television broadcasting and cable television divisions, offset by declines at the education and newspaper publishing divisions. Operating results improved at the education, television broadcasting and cable television divisions, offset by a decline at the newspaper publishing division.
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