Pro Forma Income Statement
For the Six-months Ended
(in thousands, except per share amounts) 1994
Operating revenues $782,634
Net income $69,605
Earnings per share $5.95
In January 1995 the company sold substantially all of its 70 percent
limited partnership interest in American Personal Communications (APC) to its
partner APC, Inc., and others, for approximately $33 million. The proceeds
approximate the amounts The Washington Post Company had cumulatively invested
in the partnership since it was formed in August 1990. The company's 1995 net
income includes $8.4 million ($0.75 per share) from the sale.
Note 4: During the first six months of 1995 the company repurchased 322,606
shares of its Class B common stock at a cost of $79.6 million.