WaPo in the red?
At the 24/7 Wall St. blog, Douglas McIntyre speculates that the Washington Post's newspaper operations may soon head into the red.
The reason: Slower online revenue growth (11%) and a drop in audience that has pushed it down 139 positions in Alexa rankings in three months. (The usual warning: One takes such rankings from Alexa and Compete with a bit of a grain of salt.) Meanwhile, overall operating income at the paper has dropped to about $9 million, down about half from a year ago.
McIntyre contrasts the Post with the New York Times, which is showing somewhat robust growth.
Interesting, since the Post's online operations often are held up as a model of innovation. I had a chance to visit this year and was impressed just with the vibe of the place. But the Post, while national, has never been known as "the" national paper, and it's still trying to find a good local online formula, as near as I've been able to tell, as is much of the industry. Here's hoping things improve.