Publishing businesses contributed to revenue gain at former Washington Post company
Revenue from businesses including Slate, Foreign Policy and the advertising agency SocialCode was up 77 percent at Graham Holdings Company in 2013, the company said in its year-end earnings report.
That double-digit revenue rise was "due to growth at SocialCode and Slate and revenue from the Company's recently acquired Celtic Healthcare and Forney businesses," Graham Holdings says. Graham Holdings used to be The Washington Post Co. before it sold its flagship asset to Jeff Bezos last year. Forney makes control systems for combustion processes and Celtic Healthcare is a hospice firm.
Revenue from Graham's cable-TV division was up 3 percent for the year and revenue from its TV broadcasting division, which includes stations in Detroit, Houston and Miami, was down 6 percent, with a decrease in political advertising revenue offset in part by higher retransmission fees, the company said. Revenue at the company's education division, which includes Kaplan, was down 1 percent over 2012.