Post-Newsweek Revenue Up 13% in Quarter
Post-Newsweek reported second-quarter broadcasting revenue
of $95.6 million, up 13% from the same quarter last year. Operating income for
the second quarter increased 34%. The gains reflect "improved advertising
demand across many product categories, including a $4.4 million and $6.6
million increase in political advertising revenue in the second quarter and
first six months of 2012, respectively," said Post-Newsweek in a
statement.
Washington Post Co. revenue for the second quarter of 2012
was just over $1 billion, down 5% from the second quarter of 2011.
Cable television division revenue increased 2% in the second
quarter of 2012 to $195.6 million. A 1% increase in six month cable revenue
"is due to continued growth of the division's Internet and telephone
service revenues, offset by an increase in promotional discounts and a decline
in basic video subscribers," said Washington Post Co.
Education division revenue totaled $558.4 million for the
second quarter, a 9% decline from the second quarter of 2011.
Newspaper publishing division revenue totaled $151.8 million
for the second quarter of 2012, down 7% from last year.
EmilyBarr takes over the TV station group for Alan Frank when Frank retires at
the end of 2012.
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Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.