Washington Post Co. shuts 2 Maryland papers
The Washington Post Co. announced Wednesday it would stop publishing the Frederick County, Md., editions of its Gazette newspapers. Post-Newsweek Media CEO Karen Acton said the move "became necessary due to changes in the market conditions in Frederick,” a county about 40 miles northwest of Washington, D.C.
Wednesday's editions of the Frederick papers were their last, and 18 full-time employees and 12 part-time employees lost their jobs, Post Co. spokesperson Rima Calderon told Cara R. Anthony of the Frederick News-Post. Post-Newsweek Media still prints Gazette papers in Montgomery and Prince George's Counties in Maryland, as well as the weekly Fairfax County Times in Virginia and newspapers in Southern Maryland.
Washington Post Media CEO Katharine Weymouth announced in February that the company would explore a sale of its downtown D.C. offices. That same month, Washington Post Co. sold The Everett (Wash.) Herald. The company's newspaper division lost $34.5 million in the first quarter of 2013, according the company's most recent earnings report, though much of those losses came from early retirement and severance expenses, the company said.
Correction: This post originally said Gazette had papers in Prince William County, Maryland, which does not exist.