Washington Post 2007 Annual Report Download - page 11

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We also publish a newspaper that does a good job of telling the news and works occasional
wonders: last year, Dana Priest and Anne Hull broke the story of the mistreatment of some
Iraq and Afghanistan veterans at Walter Reed (alongside the excellent treatment for which
the hospital is known). The Army’s immediate response (including the resignation of the
Secretary of the Army and a change of command at Walter Reed) improved the wounded
soldiers’ care and demonstrated the impact of the stories.
What we need is clear: we need to continue to publish the best newspaper we can and
to redouble our efforts at making The Post’s site the best online news source — both in
the DC area and elsewhere. We will build around the excellent reporters and editors
who have made The Post what it is today.
Early in the new year, Bo Jones moved up to corporate, joining me as vice chairman. Bo’s
consistent good judgment in the biggest matters is responsible for The Post’s relative strength.
Katharine Weymouth became the new publisher and head of Washington Post Media,
which includes The Post and washingtonpost.com as well as Express and El Tiempo Latino.
Katharine has experience running key online and print parts of The Post’s businesses.
Since advertising is the main source of our revenue, now and in the future, she’s well pre-
pared for the challenges ahead. (She’s also my niece, the daughter of my remarkable
sister Lally Weymouth.)
The future of The Washington Post is of huge importance in many ways. It is a news or-
ganization full of reporters and editors who’ve shown they are willing to look hard and
long for important stories — information people do not want you to know about. (Tech-
nology proponents point to the vast new array of data available on the Internet without
a reporter finding it for you; this is information people want you to have or are relatively
willing to let you have.)
As the company has grown, The Post’s business results are no longer as significant as they
once were. This is both bad and good: it’s bad for shareholders that the newspaper no
longer provides the profits it once did. It’s good that the money the newspaper made went
into education and cable investments, most of which have proven successful.
2007 Annual Report 9