jumping-ship

'Washington Post' Owner Defects to Manhattan

Joshua Stein · 05/23/07 03:02PM

When the Washington Post company posted a horrendous 16% profit loss in the first quarter, the given rationale was that the D.C. real estate market was crappy and thusly real estate ad revenue had plummeted. But the bleak outlook of the Post didn't deter owner Donald Graham from dropping $4.65 million on a Central Park West apartment. As the Observer reports, one-time D.C. cop Graham and his wifey, Mary purchased the "six-and-a-half-room, 2,000-square-foot co-op" "pied-a-terre" but haven't told their Washington cronies.