Saturday, September 12, 2009

The Axeman Cometh.

The Washington Post Company's newspaper division lost $143 million in the first half of 2009. Annualized, that's a nearly $300 million loss. Newsweek, which is losing readers at an alarming pace, lost $50 million. There is no way that any of this is sustainable. And where (oh where) can $285 million of cost savings be found at the Washington Post?