The DIAMONDBACK reported back in November that the Washington Post is closing its College Park printing plant sometime before June 2010. This will result in a $272,000 loss in tax revenue for the city. What does this have to do with the new Kindle DX? Probably nothing. But it does show how newspapers are struggling right now trying to figure out their rightful place in the digital world.
A analysis of the Washington Post Company posted on 5/6/2009 states…..
The newspaper division reported an operating loss of $53.8 million in the first quarter of 2009, compared to operating income of $1.2 million in the first quarter of 2008. As previously announced, The Post will close its College Park, MD, printing plant in the second half of 2009 and consolidate its printing operations in Springfield, VA.
Its no doubt that losing $50 million in three months will make you rethink expenses. What we at RTCP are more concerned about is what will happen with that site? This is a huge facility with expensive printing equipment that is going to be left behind. What will become of it? Surely the must be a need to a fairly new plant this close to metro, the beltway, and right off the CSX line. Any thoughts?