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Post-Newsweek Q2 Earnings Up 4% - Broadcasting & Cable

Post-Newsweek Q2 Earnings Up 4%

Washington Post Co. cable division revenue up as well, while newspapers down slightly
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Post-Newsweek announced second quarter earnings of $99.3 million, an increase of 4% over the same quarter a year ago. Operating income for the second quarter increased 9% to $47.7 million. 

The revenue boost reflects growth in advertising demand; ad revenue from the NBA finals on Post-Newsweek stations in competing Miami and San Antonio; and increased retransmission revenues. The gains were offset partially by a $5.3 million decline in political advertising revenue. 

Washington Post Co. revenue for the second quarter was just over $1 billion, up 3% from the second quarter of 2012.
Cable television division revenue increased 5% in the second quarter to $204.6 million. Cable operating income increased 16% to $44.7 million. 

Newspaper publishing division revenue totaled $138.4 million for the second quarter, down 1% from last year's second quarter. 

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