Cable good, broadcast better in Q4 for Washington Post Co. (NYSE: WPO)

The Washington Post Co. (NYSE: WPO) fourth quarter cable business followed along the lines of other MSOs, with revenues barely increasing to $191.3 million compared to $190.6 million a year ago. Annual revenue was also up only 1 percent to $759.9 million based mainly on "continued growth of the division's cable modem and telephone revenues," a company news release stated.

As with other MSOs, the Post Co. lost 20,573 basic subscribers and gained 75,995 Internet and telephony subscribers. Unlike other cable operators, it lost 3,778 digital subscribers.

Business was a little better in the broadcast TV division where an improved advertising climate led to 28 percent more revenue at $102.9 million and operating income that was up 56 percent to $54.3 million in the fourth quarter. Overall, broadcasting revenue was up 25 percent during the year to $342.2 million. There was no mention made of retransmission fees contributing to this increase.

For more:
- see this news release

Related articles:
Dish Network makes money, loses subscribers
DirecTV posts profit; looks ahead to advanced features

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.