Washington Post Company
1150 15th Street, NW
Washington, DC 20071
CEO: Donald Graham
Stock Symbol: WPO
The Washington Post Company is a top media and education company with operations in newspapers, television broadcasting, cable television systems, electronic information services, and educational and career services.
The Company also owns The Washington Post, Express and El Tiempo Latino; Post–Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville); Cable ONE, serving subscribers in midwestern, western and southern states; The Slate Group (Slate, TheRoot.com and Foreign Policy); The Gazette and Southern Maryland Newspapers; The Herald (Everett, WA); Avenue100 Media Solutions, an analytics-based performance marketing company; SocialCode, a full service Facebook advertising agency; and Trove, a personalized news aggregation service.
The company also owns Kaplan, Inc., a leading provider of educational and career services serving over one million students in 30 countries. Its programs include higher education, test preparation, language instruction and professional training.
In 2012, the Washington Post Company had revenues of $4.01 billion and net income of $132.1 million.
In August, the company announced it would sell The Washington Post newspaper for $250 million to Jeff Bezos, founder and CEO of Amazon.com. The transaction covers The Washington Post and other publishing businesses, including the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing. Bezos will own The Washington Post through a separate business entity and not affiliated with Amazon.com.
The Washington Post Company plans to change its corporate name after the sale of its flagship newspaper has been completed.
The newspaper division has seen circulation and advertising revenues decline over the past several years. Average print circulation for the first six months of 2013 for The Washington Post fell 7.1 percent to 447,700 on weekdays and 7.6 percent to 646,700 on Sundays.
Founded by independent-minded Democrat
Stilson Hutchins, The Washington Post began publishing on Thursday,
Dec. 6, 1877. It was printed at 914 Pennsylvania Ave., N.W.,
and had a circulation of 10,000. The newspaper contained four
pages and cost three cents a copy. The Post published its first
Sunday edition in 1880.
The Post went bankrupt and was purchased
by California financier Eugene Meyer in 1933, who had strong
convictions about publishing a newspaper that told the truth.
President Harry Truman appointed Eugene Meyer the first president
of the International Bank for Reconstruction and Development
in 1946. Meyer was succeeded at The Washington Post by his daughter
Katharine Meyer Graham's husband, Philip L. Graham, who had been
The Washington Post was incorporated in
1947 and acquired a controlling interested in DC radio station
WTOP in 1948. Philip Graham would purchase Newsweek magazine
in 1961. Katharine Graham became president of The Washington
Post Company following the death of her husband, Philip Graham
On June 16, 1972, The Post begins reporting
on a break-in at the Democratic National Committee headquarters
at the Watergate offices in DC. The story and the resulting scandal
eventually lead to the resignation of President Richard Nixon.
In 1979, Katharine Graham's son Donald
succeeded her and became publisher of The Washington Post. He
would become CEO in 1993. Katharine Graham died in 2001.
The company purchased online magazine Slate
from Microsoft in 2004.
The company sold money-losing Newsweek magazine in August 2010 for $1 and the assumption of $10 million in debt.
Here are some benefits offered to employees.
These may vary with division.
- Flexible benefits and spending accounts
- 401(k) and pension plans
- Tuition and training reimbursement
- Conference and seminar attendance
- Subsidized parking/metro
- Adoption assistance
- Employee referral program
- Domestic partner benefits
- Corporate sponsored events
- Movie & photo developing discounts
- Monthly gatherings
- Casual dress
- Free sodas
Updated August 18, 2013