Second Quarter 2019 Consolidated Results • Operating revenues were $660.3 million, compared to $730.8 million in the second quarter of 2018. • Unfavorable changes in foreign currency exchange rates negatively impacted revenues by $4.5 million. • Same store operating revenues declined 9.8% year-over-year. • Total digital revenues reached $246.6 million, or approximately 37% of total revenue. • Total digital advertising and marketing services revenues were $184.1 million, or 50% of total advertising and marketing services revenues. • GAAP net income was $26.7 million, including $6.5 million of after-tax restructuring, asset impairment charges, and other costs, offset by $32.8 million of gains on property sales. • Adjusted EBITDA(1) decreased 11% year-over-year to $76.2 million, representing a margin of 11.5% compared to 11.7% in the second quarter of 2018.
The Washington Post plans to add 14 new positions to the graphics and design teams.
“We live in an increasingly visual society, and communicating information with the powerful visual tools we now have is proving to be particularly effective – in explaining complex subjects, encouraging readers to explore subjects more deeply and attracting more readers and subscribers,” Marty Baron, executive editor of The Washington Post, told Publishers Daily.
Six of the seven most visited stories in WaPo’s history have been graphics, including the coronavirus simulator that became the most visited article in the publisher’s history.
more at source: https://www.mediapost.com/publications/article/353064/the-washington-post-to-expand-graphics-and-desig.html