The Washington Post Company is a diversified media organization whose principal operations include newspaper and magazine publishing, broadcasting, and cable television systems. The company also produces electronic information services, provides test preparation, job placement, and job skills training, and offers online information covering federal and state legislative and regulatory activity. A complete listing of the company's activities can be found inside the back cover of this report.

Please note: The annual meeting of stockholders will be held on Thursday, May 14, 1998, at 8:00 a.m., at The Washington Post Company, 9th floor, 1150 15th Street, N.W., Washington, D.C.