The publisher also said that part of the $142.3 million in goodwill resulted from impairment charges related to its lead generation business.

—Newspaper: Primarily, the newspaper and related online revenues mostly cover the flagship Washington Post. The newspaper division’s revenue dropped 15 percent last year to $679.3 million; Q4 revenue slipped 4 percent to $193.3 million, suggesting that declines slowed during the usually strong holiday season. Even more specifically, print ad revenue at The Post plunged 23 percent to $317.0 million last year. The print segment declined 9 percent to $92.6 million in Q4. With the problem of print ad revenue decreases practically universal at most other newspaper companies, many have been trying to boost circ dollars. That could be a problem for WaPo, as daily circ fell 5.9 percent, while Sunday circ dropped 4.7 percent in 2009.

—Magazines: As tough as things are at the newspaper, the picture is even worse at Newsweek, which represents the segment for the most part. The year’s total revenues slid 27 percent to $184.2 million, while Q4 dollars fell 30 percent to $52.4 million as ad pages continued to drop. Looking back to Q109, 44 Newsweek staffers accepted buyouts, which resulted in a $6.6 million charge at the time.

—Budget Travel sale: In attempt to find more cost savings just before the year came to a close, Newsweek sold its Budget Travel magazine to Fletcher Asset Management. The company says it realized a gain on the sale, but didn’t offer specifics. BT posted operating losses of $1.2 million in 2009 and $700,000 the year before. The magazine had $2 million Q4 operating income, compared to an operating loss of $0.8 million in Q408.

		EPS*	Rev. vs Q408	Net Inc. vs Q408
Washington Post Company	Release	N/A	6%	337%

* vs. Analysts' Estimates: Beat Met Missed