Broadcast Division

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

WDIV -- the NBC affiliate in Detroit, Michigan, the 9th-largest broadcasting market in the United States, with 1,846,950 television households.

KPRC -- the NBC affiliate in Houston, Texas, the 11th-largest broadcasting market in the United States, with 1,665,550 television households.

WPLG -- the ABC affiliate in Miami, Florida, the 16th-largest broadcasting market in the United States, with 1,418,940 television households.

WKMG -- the CBS affiliate in Orlando, Florida, the 22nd-largest broadcasting market in the United States, with 1,072,150 television households.

KSAT -- the ABC affiliate in San Antonio, Texas, the 37th-largest broadcasting market in the United States, with 667,750 television households.

WJXT -- the CBS affiliate in Jacksonville, Florida, the 52nd-largest broadcasting market in the United States, with 520,010 television households.

Newspaper Division

The Washington Post -- a morning daily and Sunday newspaper published in Washington, D.C. For the 12-month period ending September 30, 1998, The Post's unaudited estimated average circulation was 783,000 daily and 1,095,000 Sunday. The Post maintains 20 foreign, 5 national, and 13 metropolitan news bureaus.

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 81,000.

The Washington Post Writers Group -- - a syndicator of 30 writers and cartoonists, and material from Newsweek to newspapers and magazines around the world. The Writers Group also conducts a worldwide reprint business with photos and text from The Post's archives.

The Herald -- a morning daily and Sunday newspaper published in Everett, Washington, 30 miles north of Seattle. The Herald's unaudited estimated average circulation for the 12-month period ending September 30, 1998, was 54,000 daily and 64,000 Sunday. The Herald also publishes six community weeklies in South Snohomish and North King Counties and operates a commercial printing business.

Gazette Newspapers, Inc. -- a publisher of 30 controlled- circulation community weekly newspapers in Montgomery, Frederick, Carroll, and Prince George's Counties, Maryland, and one paid-circulation statewide weekend newspaper with a combined circulation of 433,000; one monthly business publication with a circulation of 30,000; one monthly publication with a circulation of 30,000 that covers technology in Maryland; 10 military newspapers for local military bases; and operator of one of the largest commercial printing sites in the Washington area.

Robinson Terminal Warehouse -- a newsprint handling and storage facility with operations in Alexandria and Springfield, Virginia.

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

Cable Division

Cable One, Inc. -- Headquartered in Phoenix, Arizona, Cable One systems served 732,964 subscribers in 18 midwestern, western, and southern states in 1998. States served and the number of basic subscribers in each as of December 31, 1998, were:

Magazine Division

Newsweek -- a weekly news magazine published in New York City, with a 1999 circulation rate base of 3.1 million and a 12-month average circulation for 1998 of more than 3.2 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 1999, Newsweek International's combined circulation for its three editions is 660,000: Atlantic, 340,000; Asia, 240,000; Latin America, 80,000. 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 Joong-ang Ilbo, a division of the Samsung Group, which translates and publishes the magazine.

Newsweek en Español -- a Spanish-language newsweekly with a Latin American circulation of 50,000. It is produced with Ideas Publishing Group (IPG), based in Miami.

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.

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

Post-Newsweek Business Information -- publishes trade magazines, organizes trade shows, and runs online services in three technology industry sectors: government information technology, technology finance, and general technology news.

Other Businesses

Kaplan Educational Centers -- Headquartered in New York City with locations throughout the U.S. and abroad, Kaplan is a premier provider of educational and career services for individuals, schools, and businesses. Kaplan's six operating divisions include Test Preparation and Admissions; Score! Educational Centers, offering K-8 after-school programs; Kaplan Learning Services, providing customized education services and professional development at schools and universities; Publishing, which produces books and software; Kaplan Professional, providing recruitment, assessment, training, and certification services; and Kaplan University, offering distance learning programs including Concord University School of Law, the nation's first online law school.

Washingtonpost.Newsweek Interactive -- Headquartered in Arlington, Virginia, Washingtonpost.Newsweek Interactive (WPNI) is the new-media and electronic-publishing subsidiary of The Washington Post Company. Its mission is to develop the company's editorial products and businesses on the World Wide Web. WPNI's flagship products are washingtonpost.com and Newsweek.com.

Legi-Slate, Inc. -- Headquartered in Washington, D.C., Legi-Slate is one of the nation's leading research and commercial online services for legislation, regulations, and related news and analysis for the federal government and all 50 state governments. The company's Custom Research Services Division delivers customized federal and state legislative and regulatory reports that provide analysis of issues specific to a client's business.

Affiliates

International Herald Tribune (50 percent of common stock) -- a daily newspaper headquartered in Paris, France. In 1998 the International Herald Tribune had an average daily paid circulation of 222,930 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 853 clients in 55 countries.

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