THE WASHINGTON POST COMPANY
Notes to Unaudited Pro Forma Financial Information
(a) Adjustment to reduce cash by the purchase price of $253,000,000 and to
eliminate the cash of the Stations of $616,000 not purchased by the
(b) Adjustment to eliminate trade receivables and payables and other
assets and accrued liabilities of the Stations not purchased or
assumed by the Registrant.
(c) Adjustment to reflect the allocation of the purchase price to tangible
and intangible assets based on the estimated fair values of the assets
acquired and to eliminate the goodwill of the Stations.
(d) Adjustment to eliminate the equity of the Stations.
(e) Adjustment to reflect the depreciation expense that would have been
incurred based on the estimated fair value of the acquired property,
plant and equipment and the assumed useful lives of 5 to 30 years.
(f) Adjustment to amortize, over a period of 15 years, the excess of the
purchase price over the estimated fair values of the acquired tangible
assets and to eliminate the amortization of goodwill and other
intangibles recorded by the Stations.
(g) Adjustment to reflect the estimated decrease in interest income that
would have been incurred if the purchase for $253,000,000 had occurred
at the beginning of the year with an average interest rate of 3.13%.
(h) Adjustment to reflect the estimated increase in the Registrant's tax