Friday, July 31, 2009

Washington Post -- What Is The Future?

Washington Post (WPO) reported Q2 results. They made a slight profit and the stock went up. I think Berkshire Hathaway investors are richer today. But what about tomorrow? Washington Post paid for a lot of difficult restructuring. The print and television side did not do well. The educational side was very encouraging. The executives did not layout any plans for the future. My suspicion is that there are some closed door meetings as they cannot continue into the next business cycle without shifting some major gears.