Washington Post Co. quarterly profit falls

August 04, 2007 Washington Post Co. posted a 13% fall in quarterly profit Friday, but its shares rose 5% as slower U.S. jobs growth was expected to boost demand for its Kaplan educational business. Like other U.S. newspaper publishers, the Washington Post's second-quarter result was weighed by declines in print advertising sales and circulation as it faced competition from the Internet for readers and marketers. "When people lose their jobs or fear losing their jobs, they start to think about going back and retraining through higher education for more talent-specific opportunities," said Thomas Russo, an analyst for Gardner Russo & Gardner.

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