As revenues continue to drop.It should be noted that Kaplan, WPO's cash cow, is a shell of it's former self.From The NYT....Boy, I bet they loved writing this piece.http://mediadecoder.blogs.nytimes.com/2012/02/08/washington-post-will-further-reduce-staff/?partner=yahoofinance
How do you save a sinking newspaper? lay off more staff!This is a self perpetuating death spiral ....This is a case study why people should not inherit newspapers from their family
Kaplan has been the real story at WPO for years now, but that too is changing.A neighbor of ours has been a WPO rep for a long time. She went from being an employee to an independant contractor, and probably making half of what she used to.