Washington Post Co. / WPO

About Washington Post Co.

1150 15th St. NW, Washington, D.C. 20071
www.washpostco.com | 202-334-6000 | Founded: 1877

Industry: Media/Data | Category: Public Companies

In 2006, Kaplan and washingtonpost.com continued strong revenue growth, 19 percent and 28 percent, respectively, while revenue at the newspaper division was flat. The television stations benefited from political advertising, with a revenue gain of 9 percent, while revenue rose 11 percent at Cable One.
The company made a significant business move last year — selling its technology magazines, saying their business-to-business model no longer fit the company's goals — and made a number of editorial and staffing decisions.
As the flagship Post newspaper continued to lose circulation, with daily and Sunday circulation each down about 3 percent for the year, the company offered early retirement packages to older employees, the second such offer in three years. In 2006, more than 170 newsroom and business staff members took the buyouts.
The Post won four Pulitzer prizes in 2006.
Meanwhile, The Post Co. said it would print and sell Washington advertising for the Onion, a satirical newspaper, and it took part in a Google experiment in which the search engine acted as a broker for newspaper advertising sales.

Chairman and CEO: Donald E. Graham

2006 Financial Data

Revenues: $3,904,927,000 | Net Income: $324,459,000
Asssets: $5,381,372,000 | Earnings Per Share: $33.68
Stockholder Equity: $3,159,514,000 | Annual Dividend: $7.80
Total employees: 17,100 | Local employees: 3,838