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32 THE WASHINGTON POST COMPANY
REPORT OF INDEPENDENT ACCOUNTANTS
TO THE BOARD OF DIRECTORS AND SHAREHOLDERS
OF THE WASHINGTON POST COMPANY.
In our opinion, the consolidated financial statements appearing on pages 39 through 55 of this report present fairly, in all
material respects, the financial position of The Washington Post Company and its subsidiaries at January 2, 2000 and
January 3, 1999, and the results of their operations and their cash flows for each of the three fiscal years in the period ended
January 2, 2000, in conformity with accounting principles generally accepted in the United States. These financial statements
are the responsibility of the Company’s management; our responsibility is to express an opinion on these financial statements
based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in
the United States which require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for the opinion expressed above.
Washington, D.C.
January 25, 2000

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