According to the Post’s own report on itself, the broadcast division was the best-performing. It increased revenue in Q1 by 13% and operating income by 58% to $31M. An injection of $2.2M in the political category fueled the boost.
Cable One, WaPo’s cable company serving the middle of America and Pacific Northwest, experienced flat revenue and a lost in operating income attributed to increased costs.
The newspaper division lost $22.6M in operating income, experiencing decreases in circulation, print advertising and online revenue. Weekday circulation was 492.6K, a drop of 9.8%, and Sunday circulation was 714.6K, down 5.2%.
The educational wing of the company, Kaplan, also suffered reverses which were attributed to stiffer competition, much of it from online competitors.