While its newspaper and education divisions continue to struggle, The Washington Post Co. is celebrating the success of its broadcast television unit.
The company’s Post-Newsweek station group was the only Post division to record higher operating profit in the second quarter than last year.
The Post Co. today announced financial results for the second quarter of 2012 and revenue for the company’s television broadcasting division increased 13% in the period, to $95.6 million. Revenue for the first six months of the year was also up 13%, $177.1 million.
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The company contributes the success of its TV stations to improved advertising demand, especially for political advertising, which increased $4.4 million.