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Investor Relations

SEC Filings

GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
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<PAGE>   17

     The Company and its subsidiaries employ approximately 6,600 persons on a
full-time basis.

     The Washington Post has approximately 2,950 full-time employees.  About
2,050 of The Post's full-time employees and about 450 part-time employees are
represented by one or another of nine unions.  Collective bargaining agreements
are currently in effect with locals of the following unions covering the
full-time and part-time employees and expiring on the dates indicated:  1,332
employees in the editorial, newsroom and commercial departments represented by
the Washington-Baltimore Newspaper Guild (July 9, 1995); 33 electricians
represented by the International Brotherhood of Electrical Workers (August 14,
1994); 141 paperhandlers and general workers represented by the Printing
Specialty and Paper Products Union (March 31, 1995); 47 machinists represented
by the International Association of Machinists (January 13, 1996); 57
photoengravers-platemakers represented by the Graphic Arts International Union
(February 19, 1996); 153 building service employees represented by the Service
Employees International Union (April 30, 1996); 38 engineers, carpenters and
painters represented by the International Union of Operating Engineers (March
1, 1997); 390 mailers and 195 mailroom helpers represented by the Washington
Mailers' Union (June 15, 1997); and 187 typographers represented by the
Columbia Typographical Union (October 2, 2000).

     Of the approximately 210 full-time and 95 part-time employees at The
Herald, about 57 full-time and 13 part-time employees are represented by one or
another of three unions.  The newspaper's collective bargaining agreement with
the Graphic Communications International Union, which represents press
operators, will expire on January 15, 1995; its agreement with the
International Brotherhood of Teamsters, which represents part-time bundle
haulers, will expire on May 31, 1998; and its agreement with the Communications
Workers of America, which represents printers and mailers, will expire on
October 31, 1998.

     The Gazette Newspapers have approximately 135 full-time and 55 part-time
employees, none of whom is represented by a union.

     Newsweek has approximately 965 full-time employees (including 216
full-time editorial staff members in New York, most of whom are represented by
the New York Newspaper Guild under a collective bargaining agreement which
expires in December 1995).  Newsweek has never experienced a strike, although
there have been occasional work stoppages by employees of some of its former
independent printers which did not materially interfere with the publication of

     The Company's broadcasting operations have approximately 635 full-time
employees, of whom about 240 are union-represented.  Of the 11 collective
bargaining agreements covering union-represented employees, four have expired
and are being renegotiated.  Three other collective bargaining agreements will
expire in 1994.

     The Company's Cable Television Division has approximately 800 full-time
employees, none of whom are represented by a union.

     During the first quarter of 1993 Stanley H. Kaplan Educational Center Ltd.
implemented a restructuring plan pursuant to which it replaced independent
center administrators and certain of their employees with Kaplan employees.  As
a result of this action the number of full-time employees at Kaplan has
increased from approximately 225 persons to approximately 750 persons (which
number does not include substantial numbers of part-time employees who serve in
instructional and clerical capacities).  Robinson Terminal Warehouse
Corporation (the Company's newsprint warehousing and