Key Developments: The Washington Post Co (WPO)

WPO on New York Consolidated

473.76USD
24 May 2013
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Latest Key Developments (Source: Significant Developments)

The Washington Post Co Completes Sale of The Herald to Sound Publishing
Monday, 4 Mar 2013 06:52pm EST 

The Washington Post Co announced that it has completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA; La Raza; and its other print and online products to Sound Publishing, Inc., a Washington state-based subsidiary of Black Press Ltd. Details of the transaction were not disclosed.  Full Article

The Washington Post Co Sheds Some Newspapers In Washington State-Reuters
Wednesday, 6 Feb 2013 03:51pm EST 

Reuters reported that The Washington Post Co as agreed to sell The Herald, a daily newspaper in Everett, Washington, to Black Press and its subsidiary Sound Publishing. The terms of the deal, announced on February 06, 2013, were not disclosed. The transaction also includes La Raza, a weekly Spanish-language newspaper.  Full Article

The Washington Post Co Accelerates Payment of 2013 Dividends
Friday, 7 Dec 2012 04:01pm EST 

The Washington Post Co announced, consistent with its frequent review of the Company's dividend policy, an accelerated cash dividend totaling $9.80 per share of outstanding common stock. This accelerated dividend is intended by the Board to be in lieu of regular quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013. The annual dividend rate per share in 2013 is unchanged from the rate in 2012. The accelerated dividend will be paid to stockholders of record as of the close of business on December 17, 2012, payable on December 27, 2012.  Full Article

The Washington Post Co To Acquire Majority Interest in Celtic Healthcare, Inc.
Monday, 1 Oct 2012 10:30am EDT 

The Washington Post Co announced it has agreed to acquire a majority interest in Celtic Healthcare, Inc., provider of skilled home healthcare and hospice services in the northeastern and mid-Atlantic regions. Arnie Burchianti, Celtic’s founder and CEO, will continue to run the business as CEO and co-owner. The purchase price was not disclosed. Edge Healthcare Partners, LLC is serving as the exclusive financial advisor to Celtic.  Full Article

The Washington Post Co Declares Regular Quarterly Dividend
Thursday, 13 Sep 2012 12:30pm EDT 

The Washington Post Co announced that it declared a regular quarterly dividend of $2.45 per share, payable on November 2, 2012, to shareholders of record on October 22, 2012.  Full Article

The Washington Post Co. Declares Regular Quarterly Dividend
Thursday, 7 Jun 2012 12:30pm EDT 

The Washington Post Co. announced that it's Board of Directors declared a regular quarterly dividend of $2.45 per share, payable on August 3, 2012, to shareholders of record on July 23, 2012.  Full Article

The Washington Post Co. Declares Regular Quarterly Dividend
Thursday, 23 Feb 2012 12:30pm EST 

The Washington Post Co. announced that it has declared a regular quarterly dividend of $2.45 per share, payable on May 4, 2012, to shareholders of record on April 23, 2012.  Full Article

The Washington Post Co. To Reduce Newsroom Headcount-Reuters
Wednesday, 8 Feb 2012 12:38pm EST 

Reuters reported that The Washington Post Co. will offer voluntary buyout to some of its newsroom employees as it seeks to reduce headcount and save costs, an internal memo showed. The voluntary buyout will be offered to certain newsroom departments and there will be caps on the number of people who can participate.  Full Article

The Washington Post Co. Declares Increased Quarterly Dividend
Thursday, 19 Jan 2012 12:30pm EST 

The Washington Post Co. announced that its Board of Directors has approved an increase in the annual dividend rate on the Company’s common stock, from $9.40 to $9.80 per share. The dividend for the first quarter of 2012, $2.45 per share, is payable on February 10, 2012, to shareholders of record on January 30, 2012.  Full Article

The Washington Post Co. Declares Regular Quarterly Dividend; Announces Stock Repurchase Authorization
Thursday, 8 Sep 2011 12:30pm EDT 

The Washington Post Co. declared a regular quarterly dividend of $2.35 per share, payable on November 4, 2011, to shareholders of record on October 24, 2011. The Company also said its Board of Directors has authorized the Company to acquire up to 750,000 shares of its Class B common stock. The Company did not announce a ceiling price or a time limit for the purchases. This authorization includes 43,573 shares that remained under the previous authorization.  Full Article

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