Graham: I’m not selling the Washington Post

Politico | Reuters
Washington Post Co. CEO Don Graham told shareholders Friday that the paper’s execs “put the Post back on its feet,” but “I’m obviously disappointed about the price of our stock, relative to the place it’s been in the past.” (It’s fallen 37 percent so far this year.) He said of the once high-flying Kaplan division: “The company and I remain strongly committed to the business.” At today’s meeting, Graham repeated what he told Reuters on Thursday when asked about the possibility of selling the company’s flagship newspaper: “No. That’s spelled N-O.”
> Earlier: WP publisher sees new media as “them,” not “us”

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  • http://www.facebook.com/people/Muhammad-Abd-Al-Hameed/100001752113085 Muhammad Abd Al-Hameed

    If Graham does not sell The Post, it will still not mean prosperity. Newspaper is a business of ideas. Unless you come up with a plan to make The Post unique in form and conteny, you cannot grow. Some time ago, I offered a plan to Graham that will create a new revenue stream and also allow the paper edition to survive, though in a modified form. I have not heard from him.