Washington Post Co.'s profit plunges

Editor & Publisher reports The Washington Post Co.'s profit fell 86 percent in the third quarter. The losses are attributed to the declining values of the company's smaller papers. 

The Washington-based company, whose properties include its namesake newspaper, Newsweek magazine and the Kaplan academic testing service, said earnings slid to $10.1 million, or $1.08 per share, from $72.2 million, or $7.60 per share, in the year-ago quarter. 

The company did report an increase in revenue from its "education and broadcast and cable television segments." 

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