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systems have also been partially or substantially overbuilt using conventional cable system technology by various small
to mid-sized independent telephone companies, which typically offer cable modem and telephone service, as well as
basic cable service. The Company anticipates that some overbuilding of its cable systems will continue, although it
cannot predict the rate at which overbuilding will occur. Even without constructing their own cable plant, local
telephone companies can also compete with cable television systems in the delivery of high-speed Internet access by
providing DSL service. In addition, some telephone companies have entered into strategic partnerships with DBS
operators that permit the telephone company to package the video programming services of the DBS operator with the
telephone company’s own DSL service, thereby competing with the video programming and cable modem services
being offered by existing cable television systems. Finally, it now seems clear that telephone companies and others will
be able to compete with cable television systems in providing high-speed Internet access over large areas by
constructing wireless networks based on WiMAX and other advanced transmission standards. Cable ONE distin-
guishes itself from its competition by attaining very high levels of customer satisfaction.
According to figures compiled by Publishers’ Information Bureau, Inc., of the 248 magazines reported on by the
Bureau, Newsweek rankedsixthintotaladvertisingrevenuesin2007, when it received approximately 2.0% of all
advertising revenues of the magazines included in the report. As a result of the 2008 rate base reduction, there is no
assurance that the ranking for Newsweek will remain consistent in 2008. The magazine industry is highly competitive,
both within itself and with other advertising media (including Internet-based media) that compete for audience and
advertising revenue.
The Company’s publications and television broadcasting and cable operations also compete for readers’ and viewers’
time with various other leisure-time activities.
Executive Officers
The executive officers of the Company, each of whom is elected for a one-year term at the meeting of the Board of
Directors immediately following the Annual Meeting of Stockholders held in May of each year, are as follows:
Donald E. Graham, age 62, has been Chairman of the Board of the Company since September 1993 and Chief
ExecutiveOfficeroftheCompanysinceMay1991.Mr.Graham served as President of the Company from May 1991
until September 1993 and prior to that had been a Vice President of the Company for more than five years. Mr. Graham
also served as Publisher of The Washington Post from 1979 until September 2000.
Veronica Dillon, age 58, became the Vice President, General Counsel and Secretary of the Company in January
2007. Ms. Dillon began her career with the Company in February 1991 as corporate counsel at Kaplan, Inc. She was
subsequently named General Counsel at Kaplan in June 1995 and then served as Kaplan’s Chief Administrative
Officer beginning in December 2003.
Boisfeuillet Jones, Jr., age 61, became Vice Chairman of the Company and Chairman of The Washington Post in
February 2008. Mr. Jones joined The Washington Post in 1980 as Vice President and counsel. In 1995, he became
President and General Manager and was named Associate Publisher in January 2000. In September 2000, he
succeeded Donald Graham as Publisher and Chief Executive Officer of The Washington Post.
Ann L. McDaniel, age 52, has been the Vice President–Human Resources of the Company since September 2001. She
also serves as Managing Director of Newsweek, a position she assumed in January 2008. Ms. McDaniel had
previously served as Senior Director of Human Resources of the Company since January 2001 and before that held
various editorial positions at Newsweek.
John B. Morse, Jr., age 61, has been Vice President–Finance of the Company since November 1989. He joined the
Company as Vice President and Controller in July 1989 and prior to that had been a partner of Price Waterhouse.
Gerald M. Rosberg, age 61, became Vice President–Planning and Development of the Company in February 1999.
HehadpreviouslyservedasVicePresident–AffiliatesatThe Washington Post, a position he assumed in November
1997. Mr. Rosberg joined the Company in January 1996 as The Post’s Director of Affiliate Relations.
Employees
The Company and its subsidiaries employ approximately 19,000 persons on a full-time basis.
Worldwide, Kaplan employs approximately 11,800 persons on a full-time basis. Kaplan also employs substantial
numbers of part-time employees who serve in instructional and administrative capacities. During peak seasonal
26 THE WASHINGTON POST COMPANY