Washington Post Co.'s Post-Newsweek broadcast division
reported first quarter revenue of $73.5 million, a 20% improvement over the
same quarter a year ago. The gain was due to "improved advertising demand in
all markets, including $5.1 million in incremental winter Olympics-related
advertising at the company's NBC affiliates and a $1.3 million increase in
political advertising revenue," Washington Post Company said in a statement.
Post-Newsweek comprises six stations, including WDIV
Detroit, and is headed up by Alan Frank.
Washington Post's cable division posted revenue of $189.4
million for the first quarter, a 3% increase on the first quarter of 2009.
Washington Post credited "growth in the division's cable modem and
telephone revenues and a $4 monthly rate increase for most basic subscribers in
June 2009."
The company's namesake newspaper division posted revenue of
$155.8 million, a 3% decline. Magazine revenue was down 36%. Washington Post
Co. announced earlier this week it is putting Newsweek up for sale.
Overall revenue for the quarter was $1,171.2 million, up 11%
from the same quarter in 2009.
