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Investor Relations

SEC Filings

GRAHAM HOLDINGS CO filed this Form 10-Q on 08/16/1995
Entire Document
<PAGE>   7


                                             Pro Forma Income Statement
                                              For the Six-months Ended
                                                      July 3,
(in thousands, except per share amounts)                1994 
<S>                                                   <C>
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.