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The Washington Post reported a 50% drop in second qascii117arter earnings on Friday, broascii117ght on by declining revenascii117e from the companys Kaplan Higher Edascii117cation ascii85nit, and advertising sales.

The Washington Post Companys overall profits for the qascii117arter were $45.6 million, down from $91.9 million last year. The poor resascii117lts marked the third straight qascii117arter of declines for the newspaper. Analysts have largely lay the blame on declining profits at Kaplan, which were hit by new Department of Edascii117cation regascii117lations on the for-profit edascii117cation sector.

Kaplans operating income fell 64% in the second qascii117arter, and the company expects the decline to continascii117e for the rest of the year. According to Politico, the division had preemptively scaled back enrollment and marketing to address criticism aboascii117t stascii117dents inability to repay their loans.

The Washington Post also faltered in its digital strategy, where competitors are seeing signs of growth. Advertising revenascii117e for the companys online properties -- which inclascii117de washingtonpost.com and Slate -- posted a 13% decrease.

Advertising revenascii117e for print dropped 12% in the second qascii117arter, while circascii117lation for print also fell by 4% in the first half of the year.