I believe The Washington Post Company (WPO) is well managed, shareholder-friendly, and has a sustainable presence. It is fairly valued now and an ideal company to hold long term.
The Washington Post Company was originally just a newspaper company but it has become much more than that. It seems that being substantially owned by giant conglomerate Berkshire Hathaway (BRK.A) is having an impact on the company's business model as it becomes more and more of a diversified conglomerate by the year.
The company offers the following self-description:
The Washington Post Company is a diversified education and media company whose principal operations include educational services, newspaper print and online publishing, television broadcasting and cable television ...