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

Suggested Articles

Thanks largely to a drastic video subscriber drop off at AT&T, traditional pay TV providers lost close to 2 million subscribers combined in Q3.

Pluto TV says it now has approximately 20 million monthly active users.

As cord cutting trends accelerate and new SVOD giants like Disney+ take their first steps in the world, one analyst is ready to proclaim live TV dead.