The Washington Post Company is best known for its flagship newspaper title sold today to a company controlled by Amazon founder Jeff Bezos, but it makes its big money from less prominent sources: A for-profit education business, cable television, and local TV channels.
But while all these assets have their merits, here is one asset that gets must less attention, from the company’s 2012 annual report: That’s a pension plan that owes its recipients just under $1.47 billion, but has $2.07 billion in assets — in other words, it is overfunded by a cool $604 million.
