Washington Post Co. Invests in Boilers

Friday, 19 July 2013 | by Pat's Picks

How tough is the newspaper business these days?  Consider this: The Washington Post bought a furnace-making company yesterday to diversify. The Wall Street Journal says it follows the company’s recent strategy of investing where there’s “strong earnings potential.” Last year, the Post bought into a provider of hospice and home health-care services. Some investors were unhappy with the decision, however strategic, saying the move was “well outside of their core competencies.”

SOURCE: Wall Street Journal