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10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
Entire Document
 
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                       REPORT OF INDEPENDENT ACCOUNTANTS


To The Board of Directors and Shareholders of
The Washington Post Company

In our opinion, the consolidated financial statements, including the financial
statement schedules, referred to under Item 14(a)(i) on page 20 and listed in
the index on page 23 present fairly, in all material respects, the financial
position of The Washington Post Company and its subsidiaries at January 2, 1994
and January 3, 1993, and the results of their operations and their cash flows
for each of the three fiscal years in the period ended January 2, 1994, in
conformity with generally accepted accounting principles.  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
generally accepted auditing standards 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.

As discussed in Note E to the financial statements, the Company adopted,
effective at the beginning of 1993, Statement of Financial Accounting Standards
No. 109, "Accounting for Income Taxes."


PRICE WATERHOUSE


Washington, D.C.
February 1, 1994






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