Post-Newsweek revenues down only slightly


TV revenues were down only 1% in Q2 for The Washington Post Company, with the Post-Newsweek station group bringing in 87.9 million bucks, despite a 1.5 million decline in political advertising. Operating income fro the TV group declined 13% to 35.2 million. Newspaper revenues dropped 7% to and magazine revenues plunged 13% during the quarter. The bright spots for the Washington Post Co. were education, with revenues up 23% and cable TV, up 9%. All in all, revenues rose 8% to 1.05 billion. Net income was 69.8 million, or 7.19 per share, down from 78.7 million, or 8.17 per share, a year earlier. The company does not conduct a conference call with analysts, nor does it provide any forward guidance.