Sunday, October 31, 2004

Washington Post stock up due to Kaplan and TV

Continuing with nonelection related material.

From Reuters.
Washington Post Co. (WPO.N: Quote, Profile, Research) said on Friday that quarterly profit jumped, beating analysts' forecasts, boosted by results at its Kaplan education unit and television broadcasting operations.
Ahem. Kaplan Educational Systems is a prime example of a company that is profiting from the tutoring niche provided in the federal law, which helps private companies make loads of money off public ed. Now,
The education unit, which has surpassed the newspaper publishing operations as the company's largest source of revenue, saw revenue rise 31 percent to $293.6 million.
That the Washington Post continues to be a strong supporter of NCLB is not surprising, especially when the newspaper has been losing subscribers and when Kaplan makes more money for the parent company than the very esteemed WaPo.

Sidenote: Their article on this obfuscates the relationship between how Kaplan is doing compared to the other parts of the parent company.