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Market Punishes Washington Post (Update)
Updated from 11:03 a.m. EDT.
No quarter has been offered the teetering newspaper business of late, and first-quarter results from the Washington Post(WPO Quote) provided no indication that it will be given any time soon, as the company failed to meet Wall Street targets by a wide margin.
The news sent Washington Post stock sharply lower Friday. It closed at 365.88, down 52.71, or 13%. ...
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