Monday, August 30, 2010

Petard? Check. Hoist? Check.

The Blogfaddah is (correctly) fond of noting that he'll take jet-setting "Green" lefties seriously about global warming just as soon as he sees them taking it seriously in with their own behavior. In the same vein, I don't think anybody should be placing too much stock in economic or business advice coming from the Washington Post or Newsweek. Check out this tidbit, buried at the end of a Politico blurb regarding the WaPo Company's remaining profitable subsidiary:

In the last two fiscal years, The Washington Post Company’s newspaper division lost $356 million, while Kaplan’s higher education unit, not even counting its test prep business, posted a profit of $450 million.

I thought it was a big deal with Creative Loafing reported that the Atlanta Journal-Constitution was losing $1 million a week. If the Politico story above is correct, the WaPo is losing about half a million dollars a day. That makes the AJC look like middling country cousins.

Rather delightfully, the Politico piece includes a quote from WaPo honcho Don Graham whining about the effects of Obama Administration regulations on the Kaplan division.

As ye sow, so shall ye reap...

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