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Posts Tagged ‘Washington Post Co.’

Washington Post Co.’s TV Stations Show Strength as Company’s Other Divisions Struggle

While its newspaper and education divisions continue to struggle, The Washington Post Co. is celebrating the success of its broadcast television unit.

The company’s Post-Newsweek station group was the only Post division to record higher operating profit in the second quarter than last year.

The Post Co. today announced financial results for the second quarter of 2012 and revenue for the company’s television broadcasting division increased 13% in the period, to $95.6 million.  Revenue for the first six months of the year was also up 13%, $177.1 million. Read more

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Washington Post Co. Announces Revenue Decline

The Washington Post Company, owner of the Post-Newsweek station group, today announced its financial results for the fourth quarter as well as the full year of 2011.

Revenue for the company’s station group declined 7% in 2011, to $319.2 million, and decreased 14% for the fourth quarter, compared to the same period in 2010.

“The decline in revenue is due primarily to the absence of $4.7 million in incremental winter Olympics-related advertising in the first quarter of 2010 and a $32.8 million and $18.9 million decrease in political advertising revenue for 2011 and the fourth quarter of 2011, respectively,” the company stated.

With Revenue Up 3%, Post-Newsweek Stations a Bright Spot for Washington Post Co.

Washington Post Co. reported its second quarter earnings today and revenue from Post-Newsweek stations was up 3% for the period, compared to last year.

Post-Newsweek stations brought in $84.9 million during the second quarter, compared to $82.6 million from the same period in 2010. For the first half of this year, revenue increased 1% to $157.1 million, from $156.1 million in 2010.

The station group, which is comprised of six stations including Houston’s KPRC and Orlando’s WKMG, was able to overcome a $2.5 million decrease in political advertising for the second quarter with improved demand across a handful of product categories.

Overall, the Washington Post Co., which has taken hits in its education and newspaper divisions, was down 10% for the quarter.

Washington Post Co. Reports Dip in Station Revenue

The Washington Post Co., which owns six stations including Detroit’s WDIV and Houston’s KPRC, announced today that first quarter revenue for its broadcast division was down 2% from the same period last year.

Post stations brought in $72.2 million for the quarter, compared to $73.5 million for the first three months of 2010. Operating income for the first quarter was $19.6 million, a 6% decrease from the previous year.

WDIV and KPRC are both NBC-affiliates and the company attributed the dip in first quarter revenue to the absence of the extra $4.7 million those stations brought in around last year’s Winter Olympics. As well, Post stations saw a $1.8 million decrease in political advertising compared to Q1 last year.

Overall, the company sustained a 67% drop in first quarter profits as revenue for its Kaplan education unit, currently under government scrutiny, declined sharply.

Washington Post Co.’s TV Revenue Up 28%

The Washington Post Co., which owns six top-50 stations, announced today that revenue for its television broadcasting division was up 28% in the fourth quarter of 2010.

In the final quarter of 2010, Washington Post Co.‘s TV stations brought in $102.9 million, compared to $80.2 million for the same period in 2009.  Operating income was also up for the division, increasing 56% from the fourth quarter of ’09.

“The increase in revenue and operating income is due to improved advertising demand in all markets and most product categories, particularly automotive,” the company said in making the announcement.

Much of these increases can be attributed to a rise in political advertising surrounding last year’s elections.  Washington Post Co. saw a $17.6 million increase in political advertising in the fourth quarter and a $32.2 million boost for the entire year.