Post-Newsweek reported broadcasting revenue of $80.2 million in the fourth
quarter, a 7% decrease from the same quarter last year. "The decrease in
revenue is due to weaker advertising demand in most markets and product
categories, particularly automotive," Post-Newsweek said in a statement.
"Political advertising revenue also declined by $19.4 million and $12.4
million for 2009 and the fourth quarter of 2009, respectively."
Broadcasting's operating income declined 22% to $29 million in the quarter.
Washington Post Company's overall revenue for the quarter was up 6%, aided by
cable TV, which saw a 4% increase in fourth quarter revenue to $190.6 million.
The increase was "due to continued growth in the division's cable modem
and telephone revenues, and a $4 monthly rate increase for most basic
subscribers in June 2009," said Washington Post Co. in its earnings.
Washington Post owns Cable ONE, along with
TV stations in Detroit, Houston
and Miami, among others.
Newspaper publishing revenue was down 15% in the quarter while magazines were
down 30%.
