Post-Newsweek Revenue Up 32% in Q4

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By Merrill Knox Comments

In the fourth quarter of 2012, revenue for the Washington Post Company’s Post-Newsweek television group rose to $116.2 million, an increase of 32% on the year-ago quarter.

Post-Newsweek also reported a 54% increase in operating income, from $40.9 million in the fourth quarter of 2011 to $62.8 million in the fourth quarter of 2012. The company cited improved advertising demand in political and Olympics related ads, as well as increased retransmission consent fees, for the strong gains.