The Post's strategy of hemorrhaging millions of dollars annually has finally paid off, as they've passed the News in circulation, becoming the country's fifth largest paper. Expect Post editor Col Allan to cover the story in the tasteful, restrained manner we've come to expect from those folks.

POST BEATS NEWS [NYP]

UPDATE: A reader writes, "Apparently, the Post was celebrating their milestone today by giving out free papers around Grand Central Station. [Isn't this essentially the business model? -Ed.] No word yet on any derailments due to free copies of the post finding their way down to the subway tracks."

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