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10-K Watch: WaPo’s Online Growth Rate Slows Down In 2007

The Washington Post Company filed its annual 10-K with SEC yesterday, and some points about its digital growth (outside of Kaplan). One thing that caught my eye: “The Company’s online publishing businesses, Washingtonpost.Newsweek Interactive and Slate, reported an 11 percent revenue increase in 2007; however, online revenue growth has slowed down, from 28 percent growth in 2006.” The slower growth rate for online wasn’t explained, though, but would it be a trend?

—Also this data point on employees: Washingtonpost.Newsweek Interactive has approximately 329 full-time and 14 part-time employees, none of whom is represented by a union.

—Then on its amended deal with MSNBC and NBC News: Under an agreement signed in 2000 and amended in 2003, WPNI and several other business units of the Company have been sharing certain news material and promotional resources with NBC News and MSNBC. Among other things, under this agreement the Newsweek website is a feature on MSNBC.com, and MSNBC.com is being provided access to certain content from The Washington Post (NYSE: WPO). Similarly, washingtonpost.com is being provided with access to certain MSNBC.com multimedia content. On July 1, 2007, the parties entered into a new relationship for cross-promotional marketing opportunities between the companies. The new agreement will extend through June of 2009. In addition, effective July 2007, MSNBC no longer hosts Newsweek.com, which now exists as a stand-alone site produced by WPNI.

 

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Feb 29, 2008 10:11 AM ET

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