Post-Newsweek Revenue Up 13% in Quarter

Washington Post Co. broadcast and cable are up, while education and newspapers are down
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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.

Emily
Barr takes over the TV station group for Alan Frank
when Frank retires at
the end of 2012.

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