TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

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.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!