Shareholders Day
November 15, 2002

Questions and Answers by Mr. Graham

Introduction of Alan Frank

Remarks by Alan Frank
President and Chief Executive Officer
Post-Newsweek Stations

Questions and Answers by Mr. Graham and Mr. Frank

Introduction of Christopher M. Schroeder

Remarks by Christopher M. Schroeder
Chief Executive Officer and Publisher
Washingtonpost.Newsweek Interactive

Questions and Answers by Mr. Graham and Mr. Schroeder

Introduction of Thomas O. Might

Remarks by Thomas O. Might
President and Chief Executive Officer
Cable ONE

Questions and Answers by Mr. Graham and Mr. Might

Introduction of Jonathan Grayer

Remarks by Jonathan Grayer
Chairman and Chief Executive Officer
Kaplan, Inc.

Questions and Answers by Mr. Graham and Mr. Grayer

Closing Questions and Answers Moderated by Mr. Graham
Participating:

John B. Morse, Jr.
CFO, VP-Finance
The Washington Post Company

Boisfeuillet Jones, Jr.
Publisher & CEO
The Washington Post

Alan Frank
President & CEO
Post-Newsweek Stations

Gerald Rosberg
VP-Planning & Development
The Washington Post Company

Thomas O. Might
President and CEO
Cable ONE