Local TV

Post-Newsweek Revenue Up 32%

Broadcast, cable up, while newspapers and education show negative numbers 2/22/2013 12:37:55 PM Eastern

Post-Newsweek reported fourth-quarter revenue of $116.2
million, up 32% from the same quarter the year before. Television broadcasting division
operating income for the fourth quarter increased 54% to $62.8 million. The
increases reflect "improved advertising demand across many product
categories," said parent Washington Post Co.

Washington Post Co. reported a fourth-quarter loss of $45.4
million ($6.57 per share), compared to income from continuing operations of
$61.4 million in 2011's fourth quarter.

Cable television division revenue totaled $201.7 million for
the fourth quarter, a 6% increase from the fourth quarter of 2011, reflecting
growth of the division's Internet and telephone service revenues and rate
increases for many subscribers in June 2012, offset by a decline in basic video
subscribers.

Washington Post Co.'s newspaper revenue totaled $162.1
million for the fourth quarter of 2012, a 6% decrease from the fourth quarter
of 2011.

For the fourth quarter of 2012, education division revenue
at Washington Post Co. totaled $544.4 million, a 6% decline from the same
period of 2011.

September
October