Market Punishes Washington Post (Update)

The company's lone bright spot was Kaplan, where revenue grew 9% to $593.5 million from $543 million a year ago.

Other newspaper stocks were under pressure as well. E.W. Scripps(SSP Quote) was off 6.6%, and Journal Communications(JRN Quote) was down 7.7%. The New York Times(NYT Quote), meanwhile, had slipped only 1%.