Washington Post Losing Ads, Circulation, Income, Everything

The bloodletting continues at the Post. Here's all the bad news from the last quarter of 2006:

* Net income plunged 6.7%.

* Classified advertising dropped 22%.

* Overall ad revenue is down 8%.

* Circulation is down 2.9% -- except for Sunday, which is down 3.2%.

* Operating income in the publishing division fell by 24%.

* Craigslist's CEO says this is because U.S. newspapers just plain suck.

 Wash Post Co. Newspaper Q4 Ad Revenue Falls 8% [Editor & Publisher]

 Newspapers brought financial woes upon themselves, says Craigslist boss [The Register]