Television Broadcasting

Post-Newsweek Stations — the owner and operator of six network-affiliated VHF television stations.

WDIV — the NBC affiliate in Detroit, MI, the 9th largest broadcasting market in the United States, with 1,873,620 television households.

KPRC — the NBC affiliate in Houston, TX, the 11th largest broadcasting market in the United States, with 1,747,350 television households.

WPLG — the ABC affiliate in Miami, FL, the 16th largest broadcasting market in the United States, with 1,468,630 television households.

WKMG — the CBS affiliate in Orlando, FL, the 21st largest broadcasting market in the United States, with 1,126,000 television households.

KSAT — the ABC affiliate in San Antonio, TX, the 37th largest broadcasting market in the United States, with 693,810 television households.

WJXT — the CBS affiliate in Jacksonville, FL, the 53rd largest broadcasting market in the United States, with 548,750 television households.

Newspaper Publishing

The Washington Post — a morning daily and Sunday newspaper published in Washington, D.C. For the 12-month period ending September 30, 2000, The Post’s unaudited estimated average paid circulation was 787,000 Monday through Friday and 1,076,000 Sunday. The Post maintains 22 foreign, 6 national, and 12 metropolitan news bureaus.

Washingtonpost.Newsweek Interactive — the new-media and electronic-publishing subsidiary of The Washington Post Company, headquartered in Arlington, VA. Its mission is to develop the company’s editorial products and businesses on the web. WPNI’s flagship products include washingtonpost.com and Newsweek. MSNBC.com.

The Washington Post National Weekly Edition — a tabloid publication of selected Post articles on politics, foreign affairs, popular culture, public policy, and personal finance, edited for a national audience, with a circulation of 56,000.

The Washington Post Writers Group — a syndicator of 28 writers and cartoonists, including several Washington Post writers, plus material from Newsweek to thousands of publications worldwide. The Writers Group also sells reprints of articles and photos from Washington Post archives.

The Herald — a morning daily and Sunday newspaper published in Everett, WA, 30 miles north of Seattle. The Herald’s unaudited estimated average paid circulation for the 12-month period ending September 30, 2000, was 52,600 daily and 60,800 Sunday. The Herald also publishes 6 community weeklies in South Snohomish and North King Counties and a monthly business journal.

The Gazette — a publisher in Maryland of 39 controlled-circulation community weekly newspapers with a combined circulation of 614,000; 3 twice-weekly paid-circulation newspapers with a combined circulation of 50,300; 2 weekly paid-circulation newspapers with a combined circulation of 19,000; a weekly specialty publication with a circulation of 17,900; one twice-monthly real estate publication; 9 military newspapers and 9 base guides for local military bases; and an operator of 2 commercial printing plants in the Washington area.

Greater Washington Publishing — a publisher of consumer guidebooks for apartments, new homes, retirement facilities, and automobiles in the metropolitan Washington area.

Robinson Terminal Warehouse — a newsprint handling and storage facility with operations in Alexandria and Springfield, VA, and College Park, MD.

Capitol Fiber Inc. — a handler and seller to recycling industries of old newspaper and other waste paper collected in the Washington/Baltimore area.

Cable Television

Cable ONE, Inc. — the owner and operator of cable television systems serving 759,142 subscribers in 19 midwestern, western, and southern states, headquartered in Phoenix, AZ. States served and the number of basic subscribers in each as of March 1, 2001, were:

Magazine Publishing

Newsweek — a weekly news magazine published in New York City, with a 2001 circulation rate base of 3.1 million. Newsweek maintains 9 U.S. and 13 overseas bureaus.

Newsweek International — a weekly English-language news magazine published in New York City and circulated throughout the world. For 2001, Newsweek International’s combined circulation for its three editions is 666,000: Atlantic, 340,000; Asia, 240,000; Latin America, 86,000. In Australia, Newsweek is published as part of The Bulletin with Newsweek, a news magazine with a circulation of 85,000.

Newsweek Japan (Newsweek Nihon Ban) — a Japanese-language newsweekly with a circulation of 130,000. It is produced with TBS-Britannica, which translates and publishes the magazine.

Newsweek Korea (Newsweek Hankuk Pan) — a Korean-language newsweekly with a circulation of 90,000. It is produced with Joongang Ilbo, which translates and publishes the magazine.

Newsweek en Español — a Spanish-language newsweekly with a Latin American circulation of 52,500. It is produced with Ideas Publishing Group (IPG), based in Miami.

Newsweek in Arabic (Newsweek Bil Logha Al-Arabia) — an Arabic-language newsweekly with a circulation of 30,000. Launched in June 2000, it is produced with Dar Al-Watan Publishing Group in Kuwait, which translates and publishes the magazine.

Itogi — a Russian-language newsweekly with a circulation of 85,000. Itogi, “summing up,” is Russia’s first independent newsweekly. It is produced by Seven Days Publishing, a subsidiary of Media Most.

Teen Newsweek — a weekly 8-page magazine and teachers guide aimed at America’s middle schools. It is produced with Weekly Reader and has a circulation of 180,000.

Arthur Frommer’s Budget Travel — a bimonthly travel magazine with a 2001 U.S. circulation rate base of 400,000.

Newsweek Productions — a television production company that produces “HealthWeek,” broadcast nationally on PBS, and other television programming and media projects.

Post Newsweek Tech Media Group — a publisher of controlled-circulation trade periodicals and web sites and presenter of trade shows and conferences for the business-to-government and the Washington, D.C., region business-to-business technology markets.

FOSE – the leading IT trade show serving the government marketplace.

Government Computer News – a technology publication serving federal, state, and local government IT managers.

Washington Technology – a business publication for government systems integrators.

Washington Techway – a news magazine for the Greater Washington technology community.

Education

Kaplan, Inc. — a leading provider of educational and career services for individuals, schools, and businesses, headquartered in New York City with locations throughout the U.S. and abroad. Kaplan’s five operating units are:

Kaplan Test Prep and Admissions offers test preparation and admissions services worldwide; kaptest.com provides these services on the web; Kaplan Publishing includes books, software, and Kaplan/Newsweek guides; Kaplan International provides intensive English instruction and university and test preparation for students and professionals in the U.S. and abroad; and Kaplan K12 offers instruction, staff development, and curriculum in schools.

Kaplan Professional provides licensing and continuing education training, certification, and professional development courses for securities, insurance, financial services, real estate, and legal professionals and corporations. Kaplan Professional includes major names in professional education: Dearborn Financial, Dearborn Trade, Dearborn Real Estate Education, Schweser Study Program, Self Test Software, and Perfect Access Speer.

The Kaplan Colleges offers an extensive array of online and traditional educational programs for professionals, and is comprised of 3 institutions: Kaplan College, The College for Professional Studies, and Concord University School of Law.

Quest Education offers bachelor and associate degrees and diploma programs in areas such as healthcare, business, information technology, fashion, and design.

Score! offers learning programs for children and educational resources for parents through its after-school educational centers, Score! Prep in-home tutoring service, and eScore.com.

Affiliates

International Herald Tribune (50 percent of common stock) — a daily newspaper headquartered in Paris, France. In 2000 the International Herald Tribune had an average daily paid circulation of 239,500 in over 180 countries.

Los Angeles Times-Washington Post News Service, Inc. (50 percent of common stock) — a supplier of news, commentary, features, columns, sports, photos, graphics, series, reviews, and editorials to 623 clients in 52 countries.

Bowater Mersey Paper Company Limited (49 percent of common stock) — a newsprint manufacturer in Liverpool, Nova Scotia.

BrassRing, Inc. (42 percent equity interest) — a business-to-business hiring management and recruitment company, in which Kaplan is the lead shareholder, that helps companies hire the right candidates faster.

2000 Operating Income*
($in millions)

*excluding losses of $42 million from Education and losses of $25 million from Corporate Office.

2000 Operating Revenue
($in millions)