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By Editor & Publisher Staff
Declines in newspaper spending are expected to slow this year, with the market eventually stabilizing by 2013 and growth beginning in 2014. But with spending of only $36.76 billion in that year, newspapers will not come close to the $66.37 billion in peak spending the industry saw in 2005, according to the Veronis Suhler Stevenson Communications Industry Forecast 2004-2014. Read More
By Andrew Bary for Barron’s.com
WASHINGTON POST MAY BE THE MOST UNDERVALUED media company in America today. That’s because investors give it virtually no credit for Kaplan, a large and rapidly growing education division that generates more than half the company’s revenue and profit.
![[washing]](http://barrons.wsj.net/public/resources/images/BA-AS479A_Wash__D_20100402175349.jpg)
Credit to comePost CEO Don Graham, cut from the Warren Buffett cloth, rejects a spinoff of the lucrative Kaplan franchise.
Shares of the Post (ticker: WPO) trade for 445, less than half their 2004 peak, and about 50% of Barron’s estimate of the company’s asset value. Controlled by the founding Graham family, the low-profile Post is a mini conglomerate, operating Kaplan, a cable-TV business with 669,000 basic subscribers, a group of network-TV stations, the Washington Post newspaper and Newsweek magazine. read more
