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Posts Tagged ‘The Washington Post Co.’

Q2 Earnings: Post-Newsweek Revenue Up 4%

The Washington Post Co. reported a $99.3 million in revenue for the Post-Newsweek stations during the second quarter of 2013. This was a 4% increase compared to the second quarter of 2012.

Operating income for the quarter was up 9% to $47.7 million, from $43.7 million in the year-ago quarter. For the first six months of the year, the company reported a 4% increase in revenue, $186.5 million compared to $177.1 million int he same period of 2012. Operating income for the first half of the year also increased 11% to $83.1 million.

“The increase in revenue and operating income reflects growth in advertising demand across many product categories; incremental advertising revenue from the NBA finals broadcast at the division’s ABC affiliates in Miami and San Antonio; and increased retransmission revenues. The increase in revenue and operating income was offset partially by a $5.3 million and $8.1 million decline in political advertising revenue in the second quarter and first six months of 2013, respectively,” the company said in a statement.

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Post-Newsweek Revenue Up 32% in Q4

In the fourth quarter of 2012, revenue for the Washington Post Company’s Post-Newsweek television group rose to $116.2 million, an increase of 32% on the year-ago quarter.

Post-Newsweek also reported a 54% increase in operating income, from $40.9 million in the fourth quarter of 2011 to $62.8 million in the fourth quarter of 2012. The company cited improved advertising demand in political and Olympics related ads, as well as increased retransmission consent fees, for the strong gains.