Post-Newsweek 2Q Revenue Climbs 4%

The Washington Post Co. today reported first quarter financial results that included a 4% increase in its Post-Newsweek television stations division revenue to $99.3 million, up from $95.6 million in the same period of 2012.

Operating income for the quarter increased 9% to $47.7 million, from $43.7 million last year. The company said the increase in revenue and operating income reflects growth in advertising demand across many product categories; incremental advertising revenue from the NBA finals broadcast at the division’s ABC affiliates in Miami and San Antonio, Texas; and increased retransmission revenues.

The increase in revenue and operating income was offset partially by a $5.3 million decline in political advertising revenue in the quarter.

The company’s cable television division revenue increased 5% in the second quarter of 2013 to $204.6 million, from $195.6 million for the second quarter of 2012. Cable television division operating income increased 16% to $44.7 million, from $38.4 million in the second quarter of 2012.

For the company as a whole, revenue was $1,021.9 million, up 3% from $989.1 million in the second quarter of 2012. The company reported operating income of $93.1 million in the second quarter of 2013, compared to operating income of $63 million in the second quarter of 2012.

Operating results improved at the education, cable television and television broadcasting divisions.

Read the company’s report here.