(Reuters) - Washington Post Co (WPO.N) reported a lower quarterly profit on Wednesday because of falling advertising revenue at its flagship newspaper and lower enrollment at its for-profit colleges. The Post's fourth-quarter net income fell to $79 million, or $9.42 a share, from $81.7 million, or $8.71 a share, a year ago. As a result of the company's share repurchases, there were fewer diluted average shares outstanding in 2010.

Revenue grew slightly to $1.19 billion on strong performance at its television broadcasting division. Newspaper publishing revenue fell 3 percent to $188.4 million.

Enrollment at the Post's Kaplan education unit, which accounts for about two-thirds of the company's revenue, fell 8 percent to 96,701 students as of December 31, 2010.

(Reporting by A. Ananthalakshmi and Robert MacMillan in Bangalore)

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