Graham Media Group 1Q Rev Dips 2%
The company said the decrease is due to a $1.7 million decrease in political ad revenue compared to the first quarter of 2014 and $9.5 million in incremental winter Olympics-related ad revenue at its NBC affiliates booked in the prior year. On the plus side, retrans money grew by $2.3 million.
Graham Media Group 4Q, Full-Year Rev Rises
Strong political advertising money and increased retransmission revenue drive quarterly revenue up 20% to $102 million and 2014 revenue up 18% to $364 million.
Cable One will become an independent, publicly traded company.
The former CEO of Living Social will oversee investments and acquisiitons at Graham Holdings.
Graham Media Group 2Q Revenue Rises 10%
The boost to $88.3 million is driven by political advertising dollars and increased retransmission consent revenue.
Post-Newsweek 1Q TV Revenue Climbs 24%
Graham Holdings Co. says the rise is due to a $3.1 million increase in political ad revenue, $9.5 million in incremental winter Olympics-related advertising revenue at the company’s NBC affiliates and $4.7 million in increased retransmission revenues.
Exclusives
Warren Buffett Buys Post-Newsweek’s WPLG
Berkshire Hathaway’s acquisition of Post-Newsweek’s ABC affiliate in Miami is part of a larger $1.2 billion deal involving a stock swap between Berkshire Hathaway and Post-Newsweek parent Graham Holdings and some cash. The deal values WPLG at $364 million. Post-Newsweek President Emily Barr reassures employees that the group’s other five stations are not for sale .”When you are asked (and you will undoubtedly be asked) if Post-Newsweek Stations is for sale, you can emphatically state we are not,” she says.
Warren Buffett is in talks to exit his $1.1 billion investment in Graham Holdings Co., the owner of Post-Newsweek Stations and former publisher of The Washington Post, after owning the stock for more than four decades. Graham may swap assets including a business, and possibly shares it holds in Buffett’s Berkshire Hathaway Inc., according to a regulatory filing Wednesday.
Graham Holdings, formerly The Washington Post Co., on Wednesday announced the sale of its downtown Washington, D.C., headquarters to Carr Properties for $159 million.
Effective Nov. 29, the company that comprises Post-Newsweek stations, Kaplan and other non-Washington Post interests, will become Graham Holdings Co., trading under the symbol GHC.
