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.
Emily Barr, CEO of the Washington Post Co.’s six-station television division says it wasn’t a bidder for Allbritton’s WJLA Washington and will continue its acquisition strategy. “We pay attention to, and consider, any and all possibilities as they come along, but we’re a very disciplined company and any decision to purchase would be consistent with that philosophy.”
The Washington Post may be the iconic brand on the company’s downtown building, but the sale of its flagship newspaper turns it into more of a holding company of businesses that have little in common — including education, television, home health care and even furnaces. The new company — which will be renamed after the sale is complete — will resemble a mini-Berkshire Hathaway.
Amazon’s Bezos Buys The Washington Post
The Washington Post Co. announced Monday afternoon that it has agreed to sell its newspaper publishing businesses for $250 million to Amazon.com founder Jeff Bezos. The sale will end four generations of family ownership at the newspaper. The company will retain its six television stations and the Kaplan educational businesses and will be changing its name in connection with the transaction.
Post-Newsweek 2Q Revenue Climbs 4%
Growth in advertising demand across many product categories and increased retransmission revenues combined to offset a $5.3 million decline in political ad revenue.
Post-Newsweek 1Q Revenue Climbs 5%
Growth in advertising demand across many product categories and increased retransmission revenues combined to offset a $2.8 million decline in political ad revenue.
Exclusives
Post-Newsweek 4Q Rev +32%, 2012 +25%
Political and Olympics advertising and retransmission consent money are among the drivers. The TV and cable divisions are the only Washington Post Co. segments to post revenue gains.
Post-Newsweek 3Q Revenue Soars 44%
The increase from last year’s quarter to $106.4 million comes from stronger advertising demand, including political and Olympics, plus retransmission consent gains.
Post-Newsweek Stations Revenue Up 13%
The broadcast TV division is the Washington Post Co.’s only one to report increased operating results as revenue rises to $43.7 million.
Post-Newsweek Stations 1Q Revenue Up 13%
The Washington Post Co. said the increase at its broadcast television division reflects improved advertising demand across many product categories, including a $2.2 million increase in political revenue.
Washington Post TV 4Q Revenue Down 14%
A difference of nearly $19 million in political ad revenue from the year-ago quarter is the culprit.
Washington Post 3Q TV Revenue Falls 11%
The lack of both Olympics and political ad money from the year-earlier third quarter resulted in the decrease.
Washington Post 2Q TV Revenue Up 3%
The absence of Winter Olympics revenue this year isn’t enough to offset broad increases in other advertising categories.
Washington Post Co. 1Q TV Revenue Dips 2%
The drop is attributed to lack of Olympics and political advertising compared to the first quarter of 2010.
Washington Post 4Q TV Revenue Up 28%
Stronger political and automotive advertising performance boosts TV station revenue to $103 million.
Washington Post 3Q TV Revenue Rise 29%
Automotive, Olympics and political advertising increases are behind the jump to $83.2 million.
