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Washington Post Up on Education, Ads

Stocks in this article: WPO

Washington Post's cable television revenue dropped slightly to $188.7 million, from $189.6 million. This decrease was more than offset by strong gains across the company's other segments.

For the nine months ended October 3, earnings surged to $198.2 million, or $21.75 a share, compared with earnings of $10.1 million, or $1.08 a share, in the same period a year ago.

Revenue rose 10.4% to $3.53 billion from $3.2 billion due to improved revenue at all of the company's divisions for the first nine months of 2010.

Education division revenue increased 14% to 2.2 billion from $1.93 billion. Kaplan Higher Education revenue and operating income grew due to an 8% increase in enrollment growth to 112.1 million from 103.8 million, as well as improved student retention.

Revenue from its newspaper publishing segment was up 1% to $491.9 million from $485.9 million. Its 3% decrease in print advertising revenue at The Washington Post, due to reductions in retail and classified advertising, was more than offset by the 14% gain in newspaper online revenues.

Cable television revenue increased 2% for the first nine months of 2010 to $568.6 million from $559.8 million due to growth in the division's cable modem and telephone revenues. Cable division operating income increased 4% to $126.6 million from $122.1 million due to the division's revenue growth, offset by increased technical and sales costs.

-- Written by Theresa McCabe in Boston.



>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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