Peter Kafka

Recent Posts by Peter Kafka

The Washington Post’s Sales Slump Gets Less Bad, Too

This makes sense: Just like the New York Times (NYT), the Washington Post Company (WPO) says things have gotten less bad at its flagship newspaper.

The Post’s print ads, in fact, are recovering more quickly than the Times. But its online turnabout has been more modest.

The numbers you care about: Newspaper revenue declined four percent in Q4, and print ad revenue dropped nine percent. Much better than the drops of 20 percent and 28 percent, respectively, that the Post recorded in Q3.

Online revenue, meanwhile, edged up by one percent, and online display ads bumped up 13 percent. A big turnaround from the 18 percent and 14 percent drops last fall.

As always: Remember what the economy was like a year ago when you think about these year-over-year comparisons.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald