The Washington Post Company
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| The Washington Post Company | |
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| Type | Public (NYSE: WPO) |
| Founded | 1947 (Washington Post founded in 1877) |
| Headquarters | Washington, D.C. |
| Key people | Donald Graham, Chairman & CEO |
| Industry | Education and Media |
| Products | Educational Services Newspapers Magazines Television Cable Television Electronic Media |
| Revenue | ▲$4.180 billion USD (2007) |
| Employees | 19,000 |
| Website | www.washpostco.com |
The Washington Post Company (NYSE:WPO) is an American education and media company, best known for owning the newspaper it is named after, The Washington Post. The Company also owns Kaplan, Inc., a leading international provider of educational and career services for individuals, schools and businesses. In addition, the Company owns Washingtonpost.Newsweek Interactive (WPNI), the online publishing subsidiary whose flagship products include washingtonpost.com, Newsweek.com, Slate, BudgetTravel.com and Sprig.com; Express; El Tiempo Latino; The Gazette and Southern Maryland newspapers; The Herald (Everett, WA); Newsweek magazine; Post-Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville); Cable ONE, serving subscribers in midwestern, western and southern states; and CourseAdvisor, an online lead generation provider.
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.
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[edit] Education
- Kaplan, Inc. - Kaplan is one of the world's largest providers of educational services. Kaplan focuses on four areas: higher education, professional training, test preparation and after-school tutoring programs and services for U.S. school districts.
Headquartered in New York City under the leadership of CEO Jonathan Grayer, Kaplan had more than $2 billion in revenue in 2007. It is The Washington Post Company's fastest growing division and its largest revenue producer.
[edit] Newspapers
- The Washington Post
- The Herald - Everett, Washington
- Express - A free daily commuter paper in the Washington D.C. Metro Area.
- El Tiempo Latino
- 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
- Newsweek
- Newsweek International
- Arthur Frommer's Budget Travel
[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 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 "Local 2" and WPLG is "Local 10").
| 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 | Calls are tribute to Philip L. Graham, developer of Miami Lakes |
| 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 | |
| 49. | 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.
| Current DMA# | Market | Station | Channel | Affiliation | Owned by WPO/PNS | Current Owner | Notes |
| 9. | Washington, D.C. | WTOP-TV | 9 | CBS | 1948-78 | Gannett | First WDVM, now WUSA, flagship/headquarters until 1980s |
| 29. | Hartford, Connecticut | WFSB | 3 | CBS | 1974-97 | Meredith | Flagship 1980s-1997 (and headquarters until 2000) |
[edit] Cable television
[edit] Internet
- Washingtonpost.Newsweek Interactive - Includes flagship sites Washingtonpost.com, Newsweek.com, Slate.com, BudgetTravel.com, Sprig.com and TheRoot.com.
- CourseAdvisor, Inc. - An online lead generation provider.
[edit] References
- ^ District of Columbia Corporation records show the original Washington Post Company was registered as a domestic corporation in 1889
- ^ 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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