This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Washington Post Up on Education, Ads

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.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
WPO $699.00 -1.24%
AAPL $118.40 -2.40%
FB $94.13 0.13%
GOOG $631.28 0.91%
TSLA $259.66 -2.40%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs