The group will develop and manage a family of Internet-only magazines which may include additional spin-offs from Slate Magazine, new ventures and acquisitions.

Slate Magazine's editor, Jacob Weisberg, was named chairman and editor-in-chief of the group and will oversee its overall editorial and creative direction.

The company said that John Alderman, Slate Magazine's publisher, will lead the business side of the group and add the title of general manager to his current responsibilities. Shares of Washington Post fell 69 cents to close at $610.

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Jones has spent nearly 19 years at The Washington Post Company and Kaplan, serving in a variety of senior management positions with a focus on finance, auditing and accounting. In addition, Jones spearheaded and oversaw numerous highly successful mergers and acquisitions. Prior to joining Kaplan Professional, Jones served as chief financial officer of Kaplan, Inc. from 1997 to 2000 and chief operating officer of Kaplan International, based in London, from 2003 to 2007.

Previously, Jones, a certified public accountant, spent 13 years at Price Waterhouse (now PricewaterhouseCoopers) in assurance services, where he audited education, healthcare and media clients.

He earned his MBA from the University of Chicago and his undergraduate degree in political science from the University of Washington.

"Hal has a tremendous breadth of experience in many parts of The Post Company, both domestically and internationally, that will serve us well as our Company continues to expand and diversify," said Donald E. Graham, chairman and chief executive officer of The Washington Post Company.

Wallace R. Cooney joined The Washington Post Company in 2001 as controller. From 1997 to 2001, he was director of consolidation accounting and financial reporting at Gannett Co., Inc. He began his career with Price Waterhouse in 1985, serving three years in The Hague, The Netherlands, from 1991 to 1994 and as a senior manager from 1994 to 1997.

Cooney, 45, graduated from Lafayette College in 1985, cum laude and Phi Beta Kappa, with a BA in economics and business. He is a certified public accountant and a member of the American Institute of Certified Accountants, Financial Executives International (FEI) and International Newspaper Financial Executives (INFE).

"In his role as controller of the Company, Wally has demonstrated a superb understanding of the complex technical accounting issues that we, like all other companies, are dealing with," said chairman and chief executive Donald E. Graham.

About The Washington Post Company (www.washpostco.com)

The Washington Post Company (NYSE:WPO) is a diversified education and media company whose principal operations include educational and career services, newspaper and magazine publishing, television broadcasting, cable television systems and electronic information services. The Company owns The Washington Post; Washingtonpost.Newsweek Interactive (WPNI), the online publishing subsidiary whose flagship products include washingtonpost.com, Newsweek.com, Slate, BudgetTravel.com, Sprig.com and TheRoot.com; Express; El Tiempo Latino; The Gazette and Southern Maryland Newspapers; The Herald (Everett, WA); Newsweek magazine; Post-Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville); Cable ONE, serving subscribers in midwestern, western and southern states; and CourseAdvisor, an online lead generation provider.

The Company also owns Kaplan, Inc., a leading global provider of educational services to individuals, schools and businesses, serving over one million students with operations in more than 30 countries. Its international programs include higher education, test preparation, language instruction and professional training.

The Company has ownership interests in the Los Angeles Times-Washington Post News Service and Bowater Mersey Paper Company.

SOURCE: The Washington Post Company

The Washington Post Company
Rima Calderon, 202-334-6617
calderonr@washpost.com

Most recently, Jones served as chief executive officer of Kaplan Professional. Prior to joining Kaplan Professional, Jones served as chief operating officer of London-based Kaplan International from 2003 to 2007.

In addition, Washington Post Co. named Wallace R. Cooney as vice president of finance and chief accounting officer. Cooney joined the company in 2001 as controller.

Shares of the Washington-based newspaper publisher fell 1.3% to $592. Casey Logan cl/vj

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Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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Revenue for the Washington-based newspaper and magazine publisher rose 8% to $1.06 billion from $985.6 million a year earlier. The Washington Post attributed the increase to revenue growth at its education and cable television divisions.

Shares closed Thursday at $683.5. Casey Logan cl/pc

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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