February 26, 2013 in Music Industry
The industry of television, film and journalism is quite profitable. Some companies, however, don’t make the bulk of their revenue from news and entertainment content, but from separate and unrelated holdings.
For example, the Washington Post Company is home to the nation’s 5th largest newspaper, but it has become a $4.7 billion company thanks in part to its possession Kaplan Inc., the world’s largest education company. Kaplan’s history isn’t a bed of roses – it was sued on multiple occasions for fraudulent business practices, including false advertisement – but its success helps the company bring in a $278 million profit.
Gannett, the nation’s 9th largest media company, earns the big bucks by focusing on television and journalism. Its “USA Today” is the top-selling newspaper in the nation, and the company’s 85 newspapers have more than 7.2 million subscribers. Like Kaplan, Gannett has been sued multiple times; the U.S. Equal Employment Opportunity Commission has cited the company for discriminatory hiring practices.
Source: Best Communications Degrees