Washington Post Co. Reports Dip in Station Revenue

By Andrew Gauthier 

The Washington Post Co., which owns six stations including Detroit’s WDIV and Houston’s KPRC, announced today that first quarter revenue for its broadcast division was down 2% from the same period last year.

Post stations brought in $72.2 million for the quarter, compared to $73.5 million for the first three months of 2010. Operating income for the first quarter was $19.6 million, a 6% decrease from the previous year.

WDIV and KPRC are both NBC-affiliates and the company attributed the dip in first quarter revenue to the absence of the extra $4.7 million those stations brought in around last year’s Winter Olympics. As well, Post stations saw a $1.8 million decrease in political advertising compared to Q1 last year.

Overall, the company sustained a 67% drop in first quarter profits as revenue for its Kaplan education unit, currently under government scrutiny, declined sharply.