Washington Post Company

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The Washington Post Company
Type of Company Public (NYSE: WPO)
Founded 1947 (Washington Post founded in 1877)
Headquarters Washington, D.C.
Key people Donald Graham, Chairman & CEO
Industry Media
Products Newspapers
Magazines
Television
Educational Services
Revenue $3.300 billion USD (2004)
Employees 14,800
Website www.washpostco.com

The Washington Post Company (NYSE:WPO) is an American media company, best known for owning the newspaper it is named after, The Washington Post, and Newsweek magazine. It also owns or partly owns a number of television stations, web sites, a suburban Maryland chain of community newspapers, cable-television companies, government-oriented IT technology magazines and Kaplan, a company that provides educational and testing material.

The Washington Post Company history dates back to 1877, when the Post was first published. The Washington Post Company was incorporated in the District of Columbia in 1889[1], and remained a District of Columbia corporation until it changed its state of incorporation to Delaware in 2003.[2] It is a public company, trading on the New York Stock Exchange under the ticker symbol WPO, and went public in 1971. It is headquartered in Washington, D.C.. Apart from the family of Katharine Graham, Berkshire Hathaway is also a substantial shareholder.

In the first quarter of 2005, the company had revenue of $833.9 million, up from $759.0 million the previous year.

Contents

[edit] Newspapers

  • The Washington Post
  • The Herald - Everett, Washington
  • Express - A free daily commuter paper in the Washington D.C. Metro Area.
  • The Gazette (35 weekly newspapers and a subscription-based state-wide weekend business and politics newspaper, in Maryland; plus military newspapers and suburban Maryland real estate guides)
  • Greater Washington Publishing

[edit] Magazines

[edit] Broadcast Television

The official name of the broadcast division, dating back to the 1970s, is Post-Newsweek Stations and is one of two divisions not based out of Washington (see below). Post-Newsweek stations currently owns 6 VHF stations, all but one of which network affiliates in the Top 50 markets. All the stations are branded under the "Local Mandate," which happens to be a station standardization adopted by Post-Newsweek. (examples: KPRC is "Local2" and WPLG is "Local10").

Current DMA# Market Station Channel (DT) Current Affiliation Acquired Notes
10 Houston, Texas KPRC-TV 2 (35) NBC 1994
11 Detroit, Michigan WDIV 4 (45) NBC 1978 Flagship
16 Miami, Florida WPLG 10 (9) ABC 1969
19 Orlando, Florida WKMG-TV 6 (26) CBS 1997 Calls are tribute to Katherine Graham (was WCPX until 1998)
37 San Antonio, Texas KSAT 12 (48) ABC 1994
50 Jacksonville, Florida WJXT 4 (42) Independent 1959 Was CBS until 2002

Post-Newsweek also owned two other television stations in the past, ironically both were at one time or another company flagships.

Market Station Channel Affiliation Owned by WPO/PNS Current Owner Notes
Hartford, Connecticut WFSB 3 CBS 1974-97 Meredith Flagship 1980s-1997 (and headquarters until 2000)
Washington, D.C. WTOP-TV 9 CBS 1948-78 Gannett First WDVM, now WUSA, flagship/headquarters until 1980s

[edit] Cable Television

[edit] Education

[edit] Internet

[edit] References

  1. ^ District of Columbia Corporation records show the original Washington Post Company was registered as a domestic corporation in 1889
  2. ^ District of Columbia Corporation records show the original DC-based corporation's charter was revoked in 2003 and replaced by a Delaware-based foreign corporation.

[edit] See also

[edit] External links

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