Washington Post Co. reported revenue for its Post-Newsweek broadcast division of $73.8 million for the third quarter, down 11% from the same quarter a year ago. Operating income for the third quarter of 2011 declined 5% to $24.1 million.
Broadcasting's decline in revenue is due in part to a $9.6 million decrease in political advertising for the third quarter.
Washington Post Co. overall revenue for the third quarter of 2011 was $1.03 billion, down 13% from the third quarter of 2010. The company reported operating income of $52 million in the third quarter, compared to operating income of $137.5 million in the third quarter of 2010.
Revenues and operating income were down at all of the company's divisions.
Cable television division revenue declined slightly in the third quarter to $187.9 million, from $188.7 million for the third quarter of 2010.
Newspaper publishing division revenue totaled $149.3 million for the third quarter of 2011, down 9% from the third quarter of 2010.
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