10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

x     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended June 30, 2013

or

     Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number 1-6714

THE WASHINGTON POST COMPANY

(Exact name of registrant as specified in its charter)

Delaware	53-0182885
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1150 15th Street, N.W. Washington, D.C.	20071
(Address of principal executive offices)	(Zip Code)

(202) 334-6000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes  x.    No  ¨.  

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x.    No  ¨.  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” accelerated filer” and “small reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨.    No  x.  

Shares outstanding at August 2, 2013:

                                                    Class A Common Stock – 1,179,199 Shares

                                                    Class B Common Stock – 6,242,864 Shares

THE WASHINGTON POST COMPANY

Index to Form 10-Q

PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements
	a.     Condensed Consolidated Statements of Operations (Unaudited) for the Three and Six Months Ended June 30, 2013 and 2012	1
	b.     Condensed Consolidated Statements of Comprehensive Income (Unaudited) for the Three and Six Months Ended June 30, 2013 and 2012	2
	c.      Condensed Consolidated Balance Sheets at June 30, 2013 (Unaudited) and December 31, 2012	3
	d.     Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2013 and 2012	4
	e.     Notes to Condensed Consolidated Financial Statements (Unaudited)	5
Item 2.	Management’s Discussion and Analysis of Results of Operations and Financial Condition	19
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	26
Item 4.	Controls and Procedures	26
PART II. OTHER INFORMATION
Item 6.	Exhibits	27
Signatures		28

PART I. FINANCIAL INFORMATION

Item  1.       Financial Statements

THE WASHINGTON POST COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
(In thousands, except per share amounts)		2013		2012		2013		2012
Operating Revenues
	Education	$	548,230	$	551,774	$	1,076,045	$	1,098,459
	Advertising		186,702		186,486		349,850		354,044
	Circulation and subscriber		227,753		217,747		449,462		431,424
	Other		59,166		33,096		105,599		60,677
			1,021,851		989,103		1,980,956		1,944,604
Operating Costs and Expenses
	Operating		469,319		461,788		921,300		922,088
	Selling, general and administrative		392,294		397,465		806,850		805,571
	Depreciation of property, plant and equipment		63,875		62,401		129,666		124,325
	Amortization of intangible assets		3,313		4,428		7,030		8,301
			928,801		926,082		1,864,846		1,860,285
Income from Operations			93,050		63,021		116,110		84,319
	Equity in earnings of affiliates, net		3,868		3,314		7,286		7,202
	Interest income		522		775		1,032		1,844
	Interest expense		(9,048)		(8,979)		(18,008)		(18,142)
	Other (expense) income, net		(12,858)		(635)		(16,941)		7,953
Income from Continuing Operations Before Income Taxes			75,534		57,496		89,479		83,176
Provision for Income Taxes			30,400		21,200		37,700		32,900
Income from Continuing Operations			45,134		36,296		51,779		50,276
Income (Loss) from Discontinued Operations, Net of Tax			―		15,751		(1,386)		33,339
Net Income			45,134		52,047		50,393		83,615
Net Income Attributable to Noncontrolling Interests			(253)		(11)		(350)		(81)
Net Income Attributable to The Washington Post Company			44,881		52,036		50,043		83,534
Redeemable Preferred Stock Dividends			(206)		(222)		(650)		(673)
Net Income Attributable to The Washington Post
	Company Common Stockholders	$	44,675	$	51,814	$	49,393	$	82,861
Amounts Attributable to The Washington Post Company
	Common Stockholders
Income from continuing operations		$	44,675	$	36,063	$	50,779	$	49,522
Income (loss) from discontinued operations, net of tax			―		15,751		(1,386)		33,339
Net income attributable to The Washington Post Company
	common stockholders	$	44,675	$	51,814	$	49,393	$	82,861
Per Share Information Attributable to The Washington
	Post Company Common Stockholders
Basic income per common share from continuing operations		$	6.02	$	4.76	$	6.84	$	6.48
Basic income (loss) per common share from discontinued operations			―		2.08		(0.18)		4.39
Basic net income per common share		$	6.02	$	6.84	$	6.66	$	10.87
Basic average number of common shares outstanding			7,229		7,431		7,228		7,473
Diluted income per common share from continuing operations		$	6.02	$	4.76	$	6.84	$	6.48
Diluted income (loss) per common share from discontinued operations			―		2.08		(0.18)		4.39
Diluted net income per common share		$	6.02	$	6.84	$	6.66	$	10.87
Diluted average number of common shares outstanding			7,283		7,545		7,276		7,580
See accompanying Notes to Condensed Consolidated Financial Statements.

1

THE WASHINGTON POST COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
				Three Months Ended				Six Months Ended
				June 30,				June 30,
(In thousands)				2013		2012		2013		2012
Net Income				$	45,134	$	52,047	$	50,393	$	83,615
Other Comprehensive Income (Loss), Before Tax
	Foreign currency translation adjustments:
		Translation adjustments arising during the period			(3,509)		(8,911)		(7,700)		(1,088)
		Adjustment for sales of businesses with foreign operations			―		8		―		521
					(3,509)		(8,903)		(7,700)		(567)
	Unrealized gains on available-for-sale securities:
		Unrealized gains for the period			31,423		6,590		80,501		38,905
		Reclassification adjustment for gain on available-for-sale securities
			included in net income		(333)		(772)		(884)		(772)
					31,090		5,818		79,617		38,133
	Pension and other postretirement plans:
		Amortization of net prior service credit included in net income			(384)		(470)		(821)		(921)
		Amortization of net actuarial loss included in net income			2,004		2,590		4,321		4,247
		Settlement gain included in net income			―		―		(3,471)		―
					1,620		2,120		29		3,326
	Cash flow hedge gain (loss)				214		(1,342)		244		(1,377)
Other Comprehensive Income (Loss), Before Tax					29,415		(2,307)		72,190		39,515
	Income tax expense related to items of other comprehensive income				(13,170)		(2,638)		(31,957)		(16,031)
Other Comprehensive Income (Loss), Net of Tax					16,245		(4,945)		40,233		23,484
Comprehensive Income					61,379		47,102		90,626		107,099
	Comprehensive income attributable to noncontrolling interests				(254)		(17)		(372)		(107)
Total Comprehensive Income Attributable to The Washington
	Post Company			$	61,125	$	47,085	$	90,254	$	106,992
See accompanying Notes to Consolidated Financial Statements.

2

THE WASHINGTON POST COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
				June 30,		December 31,
(in thousands)				2013		2012
				(Unaudited)
Assets
Current Assets
	Cash and cash equivalents			$	386,567	$	512,431
	Restricted cash				30,351		28,538
	Investments in marketable equity securities and other investments				495,219		418,938
	Accounts receivable, net				364,963		399,204
	Deferred income taxes				―		3,974
	Inventories				4,541		7,985
	Other current assets				84,227		82,692
		Total Current Assets			1,365,868		1,453,762
Property, Plant and Equipment, Net					1,031,754		1,081,237
Investments in Affiliates					27,386		15,535
Goodwill, Net					1,288,419		1,317,915
Indefinite-Lived Intangible Assets, Net					539,728		539,728
Amortized Intangible Assets, Net					38,535		45,577
Prepaid Pension Cost					579,303		604,823
Deferred Charges and Other Assets					53,027		46,492
		Total Assets		$	4,924,020	$	5,105,069
Liabilities and Equity
Current Liabilities
	Accounts payable and accrued liabilities			$	447,538	$	486,396
	Income taxes payable				15,061		726
	Deferred income taxes				27,944		―
	Deferred revenue				369,631		395,837
	Dividends declared				213		―
	Short-term borrowings				3,129		243,327
		Total Current Liabilities			863,516		1,126,286
Postretirement Benefits Other Than Pensions					61,369		59,949
Accrued Compensation and Related Benefits					216,222		216,280
Other Liabilities					102,837		109,774
Deferred Income Taxes					531,384		529,427
Long-Term Debt					446,904		453,384
		Total Liabilities			2,222,232		2,495,100
Redeemable Noncontrolling Interest					6,012		12,655
Redeemable Preferred Stock					10,665		11,096
Preferred Stock					―		―
Common Stockholders’ Equity
	Common stock				20,000		20,000
	Capital in excess of par value				252,767		240,746
	Retained earnings				4,596,167		4,546,775
	Accumulated other comprehensive income, net of tax
		Cumulative foreign currency translation adjustment			18,372		26,072
		Unrealized gain on available-for-sale securities			158,323		110,553
		Unrealized gain on pensions and other postretirement plans			117,186		117,169
		Cash flow hedge			(794)		(940)
	Cost of Class B common stock held in treasury				(2,477,248)		(2,474,347)
		Total Common Stockholders’ Equity			2,684,773		2,586,028
Noncontrolling Interests					338		190
		Total Equity			2,685,111		2,586,218
			Total Liabilities and Equity	$	4,924,020	$	5,105,069
See accompanying Notes to Condensed Consolidated Financial Statements.

3

THE WASHINGTON POST COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
			Six Months Ended
			June 30,
(in thousands)			2013		2012
Cash Flows from Operating Activities
Net Income			$	50,393	$	83,615
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation of property, plant and equipment			129,848		126,276
	Amortization of intangible assets			7,030		8,738
	Net pension expense			8,582		4,634
	Early retirement program expense			22,700		1,022
	Foreign exchange loss (gain)			17,236		(68)
	Net loss (gain) on sales of businesses			70		(26,459)
	Net gain on sales or write-downs of marketable equity securities and cost method investments			(696)		(7,375)
	Equity in earnings of affiliates, net of distributions			(7,277)		(7,202)
	Provision (benefit) for deferred income taxes			263		(11,698)
	Net loss (gain) on sale of property, plant and equipment			377		(1,528)
	Change in assets and liabilities:
		Decrease in accounts receivable, net		29,608		32,736
		Decrease (increase) in inventories		3,046		(102)
		Decrease in accounts payable and accrued liabilities		(58,715)		(24,145)
		Decrease in deferred revenue		(13,980)		(15,702)
		Increase in income taxes payable		14,430		3,823
		(Increase) decrease in other assets and other liabilities, net		(6,394)		2,292
	Other			990		850
		Net Cash Provided by Operating Activities		197,511		169,707
Cash Flows from Investing Activities
	Purchases of property, plant and equipment			(87,652)		(97,830)
	Purchases of marketable equity securities and other investments			(10,754)		(46,133)
	Net proceeds from sales of businesses, property, plant and equipment and other assets			5,341		73,959
	Investments in certain businesses, net of cash acquired			(1,200)		(8,971)
	Other			11		1,623
		Net Cash Used in Investing Activities		(94,254)		(77,352)
Cash Flows from Financing Activities
	Repayment of short-term borrowing			(240,121)		(109,671)
	Common shares repurchased			(4,196)		(74,472)
	Purchase of shares from a noncontrolling interest			(3,115)		―
	Dividends paid			(437)		(37,775)
	Other			23,216		11,438
		Net Cash Used in Financing Activities		(224,653)		(210,480)
Effect of Currency Exchange Rate Change				(4,468)		1,145
Net Decrease in Cash and Cash Equivalents				(125,864)		(116,980)
Beginning Cash and Cash Equivalents				512,431		381,099
Ending Cash and Cash Equivalents			$	386,567	$	264,119
See accompanying Notes to Condensed Consolidated Financial Statements.

4

THE WASHINGTON POST COMPANY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1. ORGANIZATION, BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS

The Washington Post Company, Inc. (the Company) is a diversified education and media company. The Company’s Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States. The Company’s media operations consist of the ownership and operation of cable television systems, newspaper publishing (principally The Washington Post), and television broadcasting (through the ownership and operation of six television broadcast stations).

Financial Periods – The Company and its subsidiaries report on a calendar-quarter basis, with the exception of most of the newspaper publishing operations, which report on a thirteen week quarter ending on the Sunday nearest the calendar quarter-end.

Basis of Presentation – The accompanying condensed consolidated financial statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States of America (GAAP) for interim financial information; (ii) the instructions to Form 10-Q; and (iii) the guidance of Rule 10-01 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, for financial statements required to be filed with the Securities and Exchange Commission (SEC). They include the assets, liabilities, results of operations and cash flows of the Company, including its domestic and foreign subsidiaries that are more than 50% owned or otherwise controlled by the Company. As permitted under such rules, certain notes and other financial information normally required by GAAP have been condensed or omitted. Management believes the accompanying condensed consolidated financial statements reflect all normal and recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows as of and for the periods presented herein. The Company’s results of operations for the three and six months ended June 30, 2013 and 2012 may not be indicative of the Company’s future results. These condensed consolidated financial statements are unaudited and should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP.

Certain amounts in previously issued financial statements have been reclassified to conform to the current year presentation, which includes the reclassification of the results of operations of certain businesses as discontinued operations for all periods presented.

Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements – The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates.

Recently Adopted and Issued Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (FASB) issued final guidance on the presentation of reclassifications out of other comprehensive income to net income. The amendment requires an entity to provide information about the amounts reclassified out of other comprehensive income by component. In addition, an entity is required to present, either on the face of the income statement or in a footnote, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, only if the amount reclassified is required by GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide detail about those amounts. This amendment is effective for interim and fiscal years beginning after December 15, 2012. The adoption of the amendment in the first quarter of 2013 is reflected in the Company's Notes to Condensed Consolidated Financial Statements. 

5

2. DISCONTINUED OPERATIONS

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. Under the terms of the agreement, the purchaser received most of the assets and liabilities; however, certain land and buildings and other assets and liabilities were retained by the Company. The results of operations of The Herald for the three and six months ended June 30, 2013 and 2012, are included in the Company’s Condensed Consolidated Statements of Operations as Income (Loss) from Discontinued Operations, Net of Tax. All corresponding prior period operating results presented in the Company’s Condensed Consolidated Financial Statements and the accompanying notes have been reclassified to reflect the discontinued operations presented. The Company did not reclassify its Condensed Consolidated Balance Sheets or Statements of Cash Flows to reflect the discontinued operations.

In August 2012, the Company completed the sale of Kidum and recorded a pre-tax gain of $3.6 million and an after-tax gain of $10.2 million related to this sale in the third quarter of 2012. On July 31, 2012, the Company disposed of its interest in Avenue100 Media Solutions, Inc. and recorded a pre-tax loss of $5.7 million related to the disposition. An income tax benefit of $44.5 million was also recorded in the third quarter of 2012 as the Company determined that Avenue100 had no value. The income tax benefit was due to the Company’s tax basis in the stock of Avenue100 exceeding its net book value, as a result of goodwill and other intangible asset impairment charges recorded in 2008, 2010 and 2011 for which no tax benefit was previously recorded. In April 2012, the Company completed the sale of Kaplan EduNeering. Under the terms of the agreement, the purchaser acquired the stock of EduNeering and received substantially all the assets and liabilities. In the second quarter of 2012, the Company recorded an after-tax gain of $18.5 million related to this sale. In February 2012, Kaplan completed the stock sale of Kaplan Learning Technologies (KLT) and recorded an after-tax loss on the sale of $1.9 million. The Company recorded $23.2 million of income tax benefits in the first quarter of 2012 in connection with the sale of its stock in EduNeering and KLT related to the excess of the outside stock tax basis over the net book value of the net assets disposed. The results of operations of Kidum, Avenue100, EduNeering, and KLT, for the three and six months ended June 30, 2012 are included in the Company’s Condensed Consolidated Statement of Operations as Income (Loss) from Discontinued Operations, Net of Tax.

The summarized income (loss) from discontinued operations, net of tax, is presented below:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Operating revenues	$	―	$	17,908	$	3,461	$	41,079
Operating costs and expenses		―		(22,068)		(5,477)		(49,412)
Loss from discontinued operations		―		(4,160)		(2,016)		(8,333)
Benefit from income taxes		―		(1,370)		(676)		(2,759)
Net Loss from Discontinued Operations		―		(2,790)		(1,340)		(5,574)
Gain (loss) on sales of discontinued operations		―		29,541		(70)		26,459
Provision (benefit) for income taxes on sales of discontinued operations		―		11,000		(24)		(12,454)
Income (Loss) from Discontinued Operations, Net of Tax	$	―	$	15,751	$	(1,386)	$	33,339

3. INVESTMENTS

Investments in marketable equity securities comprised the following:

	As of
	June 30,		December 31,
(in thousands)	2013		2012
Total cost	$	193,159	$	195,832
Net unrealized gains		263,872		184,255
Total Fair Value	$	457,031	$	380,087

There were no new investments in marketable equity securities during the first six months of 2013.  The Company invested $45.0 million in marketable equity securities during the first six months of 2012. During the first six months of 2013 and 2012, the proceeds from sales of marketable equity securities were $3.6 million and $2.0 million, respectively, and net realized gains on such sales were $0.9 million and $0.5 million, respectively.

6

As of June 30, 2013, the Company has a $3.5 million unrealized loss on its investment in Strayer Education, Inc., a publicly traded company. At June 30, 2013, the investment has been in an unrealized loss position for under three months. The Company evaluated this investment for other-than-temporary impairment based on various factors, including the duration and severity of the unrealized loss, the reason for the decline in value and the potential recovery period, and the ability and intent to hold the investment and concluded that the unrealized loss is not other-than-temporary as of June 30, 2013. If any impairment is considered other-than-temporary, the investment will be written down to its fair market value with a corresponding charge to the Consolidated Statement of Operations.

4. ACQUISITIONS AND DISPOSITIONS

In the first six months of 2013, the Company acquired two small businesses included in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets on a preliminary basis. In the first six months of 2012, the Company acquired four small businesses included in its education division and in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets. The assets and liabilities of the companies acquired have been recorded at their estimated fair values at the date of acquisition.

In the second quarter of 2013, Kaplan purchased the remaining 15% noncontrolling interest in Kaplan China; this additional interest was accounted for as an equity transaction.

On August 1, 2013, the Company completed its acquisition of Forney Corporation, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications. The operating results of Forney will be included in other businesses.

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. The Herald was previously reported in the newspaper publishing division.  Kaplan completed the sales of EduNeering in April 2012 and Kaplan Learning Technologies in February 2012, which were part of the Kaplan Ventures division.

5. GOODWILL AND OTHER INTANGIBLE ASSETS

Amortization of intangible assets for the three months ended June 30, 2013 and 2012 was $3.3 million and $4.4 million, respectively. Amortization of intangible assets for the six months ended June 30, 2013 and 2012 was $7.0 million and $8.3 million, respectively. Amortization of intangible assets is estimated to be approximately $6 million for the remainder of 2013, $9 million in 2014, $7 million in 2015, $6 million in 2016, $4 million in 2017, $4 million in 2018 and $3 million thereafter.

The changes in the carrying amount of goodwill, by segment, were as follows:

				Cable		Newspaper		Television		Other
(in thousands)		Education		Television		Publishing		Broadcasting		Businesses		Total
Balance as of December 31, 2012
	Goodwill	$	1,097,058	$	85,488	$	81,183	$	203,165	$	19,052	$	1,485,946
	Accumulated impairment losses		(102,259)		―		(65,772)		―		―		(168,031)
			994,799		85,488		15,411		203,165		19,052		1,317,915
Acquisitions			―		―		―		―		2,521		2,521
Foreign currency exchange rate changes			(32,017)		―		―		―		―		(32,017)
Balance as of June 30, 2013
	Goodwill		1,065,041		85,488		71,448		203,165		21,573		1,446,715
	Accumulated impairment losses		(102,259)		―		(56,037)		―		―		(158,296)
		$	962,782	$	85,488	$	15,411	$	203,165	$	21,573	$	1,288,419

The changes in carrying amount of goodwill at the Company’s education division were as follows:

		Higher		Test		Kaplan
(in thousands)		Education		Preparation		International		Total
Balance as of December 31, 2012
	Goodwill	$	409,184	$	152,187	$	535,687	$	1,097,058
	Accumulated impairment losses		―		(102,259)		―		(102,259)
			409,184		49,928		535,687		994,799
Foreign currency exchange rate changes			(129)		―		(31,888)		(32,017)
Balance as of June 30, 2013
	Goodwill		409,055		152,187		503,799		1,065,041
	Accumulated impairment losses		―		(102,259)		―		(102,259)
		$	409,055	$	49,928	$	503,799	$	962,782

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Other intangible assets consist of the following:

			As of June 30, 2013						As of December 31, 2012
			Gross				Net		Gross				Net
		Useful Life	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)		Range	Amount		Amortization		Amount		Amount		Amortization		Amount
Amortized Intangible Assets
	Non-compete agreements	2-5 years	$	13,850	$	12,790	$	1,060	$	14,008	$	12,546	$	1,462
	Student and customer relationships	2-10 years		71,946		43,314		28,632		73,693		40,787		32,906
	Databases and technology	3-5 years		6,457		6,457		―		6,457		5,707		750
	Trade names and trademarks	2-10 years		25,945		18,433		7,512		26,634		18,185		8,449
	Other	1-25 years		8,733		7,402		1,331		8,849		6,839		2,010
			$	126,931	$	88,396	$	38,535	$	129,641	$	84,064	$	45,577
Indefinite-Lived Intangible Assets
	Franchise agreements		$	496,321					$	496,321
	Wireless licenses			22,150						22,150
	Licensure and accreditation			7,371						7,371
	Other			13,886						13,886
			$	539,728					$	539,728

6. DEBT

The Company’s borrowings consist of the following:

	As of
	June 30,		December 31,
(in thousands)	2013		2012
7.25% unsecured notes due February 1, 2019	$	397,686	$	397,479
USD Revolving credit borrowing		―		240,121
AUD Revolving credit borrowing		45,664		51,915
Other indebtedness		6,683		7,196
Total Debt		450,033		696,711
Less: current portion		(3,129)		(243,327)
Total Long-Term Debt	$	446,904	$	453,384

The Company’s other indebtedness at June 30, 2013 and December 31, 2012 is at interest rates from 0% to 6% and matures from 2013 to 2017.

During the three months ended June 30, 2013 and 2012, the Company had average borrowings outstanding of approximately $454.1 million and $455.5 million, respectively, at average annual interest rates of approximately 7.0%. During the three months ended June 30, 2013 and 2012, the Company incurred net interest expense of $8.5 million and $8.2 million, respectively.

During the six months ended June 30, 2013 and 2012, the Company had average borrowings outstanding of approximately $489.5 million and $472.0 million, respectively, at average annual interest rates of approximately 7.0%. During the six months ended June 30, 2013 and 2012, the Company incurred net interest expense of $17.0 million and $16.3 million, respectively.

At June 30, 2013, the fair value of the Company’s 7.25% unsecured notes, based on quoted market prices, totaled $461.8 million, compared with the carrying amount of $397.7 million. At December 31, 2012, the fair value of the Company’s 7.25% unsecured notes, based on quoted market prices, totaled $481.4 million, compared with the carrying amount of $397.5 million. The carrying value of the Company’s other unsecured debt at June 30, 2013 approximates fair value.

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7. FAIR VALUE MEASUREMENTS

Fair value measurements are determined based on the assumptions that a market participant would use in pricing an asset or liability based on a three-tiered hierarchy that draws a distinction between market participant assumptions based on (i) observable inputs, such as quoted prices in active markets (Level 1); (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2); and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measure. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:

(in thousands)			Level 1		Level 2		Total
As of June 30, 2013
Assets
	Money market investments (1)		$	―	$	290,500	$	290,500
	Marketable equity securities (3)			457,031		―		457,031
	Other current investments (4)			14,978		23,210		38,188
		Total Financial Assets	$	472,009	$	313,710	$	785,719
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,358	$	62,358
	7.25% unsecured notes (6)			―		461,812		461,812
	AUD revolving credit borrowing (6)			―		45,664		45,664
	Interest rate swap (7)			―		1,323		1,323
		Total Financial Liabilities	$	―	$	571,157	$	571,157

As of December 31, 2012
Assets
	Money market investments (2)		$	―	$	432,670	$	432,670
	Marketable equity securities (3)			380,087		―		380,087
	Other current investments (4)			14,134		24,717		38,851
		Total Financial Assets	$	394,221	$	457,387	$	851,608
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,297	$	62,297
	7.25% unsecured notes (6)			―		481,424		481,424
	AUD revolving credit borrowing (6)			―		51,915		51,915
	Interest rate swap (7)			―		1,567		1,567
		Total Financial Liabilities	$	―	$	597,203	$	597,203

____________

(1)       The Company’s money market investments are included in cash and cash equivalents.

(2)       The Company’s money market investments are included in cash, cash equivalents and restricted cash.

(3)       The Company’s investments in marketable equity securities are classified as available-for-sale.

(4)       Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).

(5)       Includes The Washington Post Company Deferred Compensation Plan and supplemental savings plan benefits under The Washington Post Company Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.

(6)       See Note 6 for carrying amount of these notes and borrowing.

(7)       Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

For assets that are measured using quoted prices in active markets, the total fair value is the published market price per unit multiplied by the number of units held without consideration of transaction costs. Assets and liabilities that are measured using significant other observable inputs are primarily valued by reference to quoted prices of similar assets or liabilities in active markets, adjusted for any terms specific to that asset or liability.

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8. EARNINGS PER SHARE

The Company’s earnings per share from continuing operations (basic and diluted) are presented below:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
(in thousands, except per share amounts)			2013		2012		2013		2012
Income from continuing operations attributable to The
	Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Less: Amount attributable to participating securities				(1,159)		(711)		(1,318)		(1,079)
Basic income from continuing operations attributable to
	The Washington Post Company common stockholders		$	43,516	$	35,352	$	49,461	$	48,443
Plus: Amount attributable to participating securities				1,159		711		1,318		1,079
Diluted income from continuing operations attributable to
	The Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Basic weighted average shares outstanding				7,229		7,431		7,228		7,473
Plus: Effect of dilutive shares related to stock options and restricted stock				54		114		48		107
Diluted weighted average shares outstanding				7,283		7,545		7,276		7,580
Income Per Share from Continuing Operations Attributable
	to The Washington Post Company Common Stockholders:
		Basic	$	6.02	$	4.76	$	6.84	$	6.48
		Diluted	$	6.02	$	4.76	$	6.84	$	6.48

For the three and six months ended June 30, 2013 and 2012, the basic earnings per share computed under the two-class method is lower than the diluted earnings per share computed under the if-converted method for participating securities, resulting in the presentation of the lower amount in diluted earnings per share. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of 63,000 and 63,750 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of 51,300 restricted stock awards, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2012 exclude the effects of 125,044 and 113,294 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2012 exclude the effects of 51,500 restricted stock awards, as their inclusion would have been antidilutive.

In the three and six months ended June 30, 2012, the Company declared regular dividends totaling $2.45 and $7.35 per share, respectively. In December 2012, the Company declared and paid an accelerated cash dividend totaling $9.80 per share, in lieu of regular quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013.

9. PENSION AND POSTRETIREMENT PLANS

Defined Benefit Plans. The total cost arising from the Company’s defined benefit pension plans, including a portion included in discontinued operations, consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	12,710	$	8,701	$	26,075	$	17,808
Interest cost		14,243		14,829		28,534		29,420
Expected return on assets		(25,467)		(24,510)		(51,789)		(48,522)
Amortization of prior service cost		909		919		1,818		1,856
Recognized actuarial loss		1,797		2,503		3,944		4,072
Net Periodic Cost		4,192		2,442		8,582		4,634
Early retirement programs expense		8,442		―		22,700		1,022
Total Cost	$	12,634	$	2,442	$	31,282	$	5,656

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The Company announced a Voluntary Retirement Incentive Program in February 2013, which was offered to certain employees of the Washington Post newspaper. The total early retirement program expense for this program for the six months ended June 30, 2013 was $20.4 million. Of this amount, $12.0 million was recorded in the first quarter of 2013 and $8.4 million was recorded in the second quarter of 2013. In addition, the Washington Post newspaper recorded $2.3 million in special separation benefits for a group of employees in the first quarter of 2013. The early retirement program expense and special separation benefits for these programs are being funded from the assets of the Company’s pension plan.

In the first quarter of 2012, the Company offered a Voluntary Retirement Incentive Program to certain employees of Post-Newsweek Media and recorded early retirement program expense of $1.0 million. The early retirement program expense for these programs was funded from the assets of the Company’s pension plan.

The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP) consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	430	$	366	$	859	$	733
Interest cost		1,023		1,061		2,046		2,121
Amortization of prior service cost		13		13		27		27
Recognized actuarial loss		711		459		1,422		917
Total Cost	$	2,177	$	1,899	$	4,354	$	3,798

Defined Benefit Plan Assets. The Company’s defined benefit pension obligations are funded by a portfolio made up of a relatively small number of stocks and high-quality fixed-income securities that are held by a third-party trustee. The assets of the Company’s pension plan were allocated as follows:

	As of
	June 30,			December 31,
	2013			2012
U.S. equities		62	%		64	%
U.S. fixed income		13	%		13	%
International equities		25	%		23	%
		100	%		100	%

Essentially all of the assets are actively managed by two investment companies. The goal of the investment managers is to produce moderate long-term growth in the value of these assets, while protecting them against large decreases in value. Both of these managers may invest in a combination of equity and fixed-income securities and cash. The managers are not permitted to invest in securities of the Company or in alternative investments. The investment managers cannot invest more than 20% of the assets at the time of purchase in the stock of Berkshire Hathaway or more than 10% of the assets in the securities of any other single issuer, except for obligations of the U.S. Government, without receiving prior approval by the Plan administrator. As of June 30, 2013, the managers can invest no more than 24% of the assets in international stocks at the time the investment is made, and no less than 10% of the assets could be invested in fixed-income securities. None of the assets is managed internally by the Company.

In determining the expected rate of return on plan assets, the Company considers the relative weighting of plan assets, the historical performance of total plan assets and individual asset classes and economic and other indicators of future performance. In addition, the Company may consult with and consider the input of financial and other professionals in developing appropriate return benchmarks.

The Company evaluated its defined benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of June 30, 2013. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At June 30, 2013 and December 31, 2012, the pension plan held common stock in one investment that exceeded 10% of total plan assets. This investment was valued at $321.2 million and $223.1 million at June 30, 2013 and December 31, 2012, respectively, or approximately 14% and 11%, respectively, of total plan assets. Assets also included $226.2 million and $179.9 million of Berkshire Hathaway common stock at June 30, 2013 and December 31, 2012,

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respectively. At June 30, 2013 and December 31, 2012, the pension plan held investments in one foreign country that exceeded 10% of total plan assets. These investments were valued at $337.4 million and $240.4 million at June 30, 2013 and December 31, 2012, respectively, or approximately 14% and 12%, respectively, of total plan assets.

Other Postretirement Plans. The total benefit arising from the Company’s other postretirement plans, including a portion included in discontinued operations, consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	728	$	779	$	1,455	$	1,557
Interest cost		507		684		1,017		1,368
Amortization of prior service credit		(1,306)		(1,402)		(2,666)		(2,804)
Recognized actuarial gain		(504)		(370)		(1,045)		(740)
Net Periodic Benefit		(575)		(309)		(1,239)		(619)
Settlement gain		―		―		(3,471)		―
Total Periodic Benefit	$	(575)	$	(309)	$	(4,710)	$	(619)

As part of the sale of The Herald, changes were made with respect to its postretirement medical plan, resulting in a $3.5 million settlement gain that is included in discontinued operations, net of tax, for the first quarter of 2013.

10. OTHER NON-OPERATING INCOME (EXPENSE)

A summary of non-operating (expense) income is as follows:

		Three Months Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
(in thousands)		2013		2012		2013		2012
Foreign currency (loss) gain, net		$	(12,622)	$	(2,592)	$	(17,236)	$	68
Gain on sales of marketable equity securities			337		505		879		505
Gain (loss) on sales or write-downs of cost method investments, net			1		1,106		(178)		6,872
Other, net			(574)		346		(406)		508
	Total Other Non-Operating (Expense) Income	$	(12,858)	$	(635)	$	(16,941)	$	7,953

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11. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The other comprehensive income (loss) consists of the following components:

			Three Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(3,509)	$	―	$	(3,509)	$	(8,911)	$	―	$	(8,911)
	Adjustment for sales of businesses with foreign operations			―		―		―		8		―		8
				(3,509)		―		(3,509)		(8,903)		―		(8,903)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			31,423		(12,569)		18,854		6,590		(2,637)		3,953
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(333)		133		(200)		(772)		309		(463)
				31,090		(12,436)		18,654		5,818		(2,328)		3,490
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(384)		153		(231)		(470)		189		(281)
	Amortization of net actuarial loss included in net income			2,004		(801)		1,203		2,590		(1,037)		1,553
				1,620		(648)		972		2,120		(848)		1,272
Cash flow hedge:
	Gain (loss) for the period			214		(86)		128		(1,342)		538		(804)
Other Comprehensive Income (Loss)			$	29,415	$	(13,170)	$	16,245	$	(2,307)	$	(2,638)	$	(4,945)

			Six Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(7,700)	$	―	$	(7,700)	$	(1,088)	$	―	$	(1,088)
	Adjustment for sales of businesses with foreign operations			―		―		―		521		―		521
				(7,700)		―		(7,700)		(567)		―		(567)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			80,501		(32,200)		48,301		38,905		(15,562)		23,343
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(884)		353		(531)		(772)		309		(463)
				79,617		(31,847)		47,770		38,133		(15,253)		22,880
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(821)		328		(493)		(921)		369		(552)
	Amortization of net actuarial loss included in net income			4,321		(1,728)		2,593		4,247		(1,699)		2,548
	Settlement gain included in net income			(3,471)		1,388		(2,083)		―		―		―
				29		(12)		17		3,326		(1,330)		1,996
Cash flow hedge:
	Gain (loss) for the period			244		(98)		146		(1,377)		552		(825)
Other Comprehensive Income			$	72,190	$	(31,957)	$	40,233	$	39,515	$	(16,031)	$	23,484

The accumulated balances related to each component of other comprehensive income (loss) are as follows:

			Cumulative				Unrealized Gain
			Foreign				on Pensions				Accumulated
			Currency		Unrealized Gain		and Other				Other
			Translation		on Available-for-		Postretirement		Cash Flow		Comprehensive
(in thousands, net of taxes)			Adjustment		Sale Securities		Plans		Hedge		Income
Balance as of December 31, 2012			$	26,072	$	110,553	$	117,169	$	(940)	$	252,854
	Other comprehensive income (loss) before
		reclassifications		(7,700)		48,301		―		(84)		40,517
	Net amount reclassified from accumulated
		other comprehensive income		―		(531)		17		230		(284)
	Net other comprehensive income (loss)			(7,700)		47,770		17		146		40,233
Balance as of June 30, 2013			$	18,372	$	158,323	$	117,186	$	(794)	$	293,087

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The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:

		Amount Reclassified from Accumulated Other Comprehensive Income
		Three Months Ended				Six Months Ended				Affected Line Item in the
		June 30,				June 30,				Condensed Consolidated
(in thousands)		2013		2012		2013		2012		Statement of Operations
Unrealized Gains (Losses) on Available-for-sale Securities:
	Realized gains for the period	$	(333)	$	(772)	$	(884)	$	(772)	Other (expense) income, net
			133		309		353		309	Provision for Income Taxes
			(200)		(463)		(531)		(463)	Net of Tax
Pension and Other Postretirement Plans
	Amortization of net prior service credit		(384)		(470)		(821)		(921)	(1)
	Amortization of net actuarial loss		2,004		2,590		4,321		4,247	(1)
	Settlement gain		―		―		(3,471)		―	(1)
			1,620		2,120		29		3,326	Before tax
			(648)		(848)		(12)		(1,330)	Provision for Income Taxes
			972		1,272		17		1,996	Net of Tax
Cash Flow Hedge
			197		35		383		35	Interest expense
			(79)		(14)		(153)		(14)	Provision for Income Taxes
			118		21		230		21	Net of Tax
Total reclassification for the period		$	890	$	830	$	(284)	$	1,554	Net of Tax

____________

(1)       These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9).

12. CONTINGENCIES

Litigation and Legal Matters.  The Company and its subsidiaries are involved in various legal proceedings that arise in the ordinary course of its business. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company's business, financial condition, results of operations or cash flows. Also, based on currently available information, management is of the opinion that the exposure to future material losses from existing legal proceedings is not reasonably possible, or that future material losses in excess of the amounts accrued are not reasonably possible.

DOE Program Reviews.  The U.S. Department of Education (DOE) undertakes program reviews at Title IV participating institutions. Currently, there are six open and/or pending program reviews (including Kaplan University and Broomall, PA.) The Company is awaiting the DOE’s final report on the program review at KHE’s Broomall, PA, location. In May 2012, the DOE issued a preliminary report on its 2009 onsite program review at Kaplan University containing several findings that required Kaplan University to conduct additional, detailed file reviews and submit additional data. In January 2013, Kaplan submitted a response to the DOE’s data request and is awaiting a final report on this review. The Company does not expect the final program review reports to have a material impact on KHE; however, the results of these and the other open reviews and their impact on Kaplan’s operations are uncertain.

The 90/10 Rule.  Under regulations referred to as the 90/10 rule, a KHE OPEID unit would lose its eligibility to participate in Title IV programs for a period of at least two fiscal years if it derives more than 90% of its receipts from Title IV programs, as calculated on a cash basis in accordance with the Higher Education Act and applicable DOE regulations, in each of two consecutive fiscal years, commencing with the unit’s first fiscal year that ends after August 14, 2008. Any OPEID unit with Title IV receipts exceeding 90% for a single fiscal year ending after August 14, 2008, will be placed on provisional certification and may be subject to other enforcement measures. KHE is taking various measures to reduce the percentage of its receipts attributable to Title IV funds, including modifying student payment options; emphasizing direct-pay and employer-paid education programs; encouraging students to carefully evaluate the amount of their Title IV borrowing; eliminating some programs; cash-matching; and developing and offering additional non-Title IV-eligible certificate preparation, professional development and continuing education programs. Some of the other programs may currently be offered by other Kaplan businesses. Absent the adoption of the changes mentioned above, and if current trends continue, management estimates that in 2013, at least 10 of the KHE Campuses’ OPEID units, representing approximately 11% of KHE’s 2012 revenues, could have a 90/10 ratio over 90%. As noted above, Kaplan is taking steps

14

to address compliance with the 90/10 rule; however, there can be no guarantee that these measures will be adequate to prevent the 90/10 rule calculations at some or all of the schools from exceeding 90% in the future.

Accreditation.  In March 2011, Kaplan University’s institutional accreditor, the Higher Learning Commission of the North Central Association of Colleges and Schools (HLC), sent a request to Kaplan University asking for documents and a report detailing Kaplan University’s admissions practices and describing Kaplan University’s compliance with HLC Care Components and policies. Kaplan University complied with this request on April 29, 2011. Kaplan University provided additional information to the HLC in response to a follow-up request received on January 19, 2012. On June 19, 2013, the HLC notified Kaplan University of their intention to conduct a focused evaluation regarding these matters during the fall of 2013. At this time the Company cannot predict how the HLC will follow-up or what impact their additional inquires may have on Kaplan University.

13. BUSINESS SEGMENTS

The Company has seven reportable segments: Kaplan Higher Education, Kaplan Test Preparation, Kaplan International, cable television, newspaper publishing, and television broadcasting and other businesses.

Education.  Kaplan’s Colloquy business moved from Kaplan International to Kaplan Corporate effective January 1, 2013. Segment operating results of the education division have been restated to reflect this change.

In the second quarter of 2012, Kaplan International results benefitted from a favorable net $1.9 million adjustment. This included a $2.0 million adjustment to increase liabilities assumed in a 2011 acquisition and a favorable $3.9 million out of period expense adjustment related to certain items recorded in 2011 and 2010. With respect to the $3.9 million out of period expense adjustment, the Company has concluded that it was not material to the Company’s financial position or results of operations for 2012, 2011 and 2010 and the related interim periods, based on its consideration of quantitative and qualitative factors.

NewspaperPublishing. In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. As a result, The Herald results are included in discontinued operations, net of tax, for all periods presented. The newspaper publishing segment operating results have been restated to reflect this change.

15

The following table summarizes financial information related to each of the Company’s business segments:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Education	$	548,230	$	551,774	$	1,076,045	$	1,098,459
	Cable television		204,550		195,579		404,688		385,789
	Newspaper publishing		138,423		139,228		265,687		271,678
	Television broadcasting		99,320		95,591		184,590		177,088
	Other businesses		31,419		7,177		50,310		11,945
	Corporate office		―		―		―		―
	Intersegment elimination		(91)		(246)		(364)		(355)
		$	1,021,851	$	989,103	$	1,980,956	$	1,944,604
Income (Loss) from Operations
	Education	$	23,726	$	3,728	$	19,670	$	(8,187)
	Cable television		44,710		38,446		81,323		71,223
	Newspaper publishing		(14,827)		(12,614)		(49,299)		(33,226)
	Television broadcasting		47,704		43,728		83,066		74,727
	Other businesses		(4,510)		(6,775)		(10,623)		(11,418)
	Corporate office		(3,753)		(3,492)		(8,027)		(8,800)
		$	93,050	$	63,021	$	116,110	$	84,319
Equity in Earnings of Affiliates, Net			3,868		3,314		7,286		7,202
Interest Expense, Net			(8,526)		(8,204)		(16,976)		(16,298)
Other (Expense) Income, Net			(12,858)		(635)		(16,941)		7,953
Income from Continuing Operations Before Income Taxes		$	75,534	$	57,496	$	89,479	$	83,176
Depreciation of Property, Plant and Equipment
	Education	$	20,064	$	21,011	$	42,652	$	41,728
	Cable television		33,964		32,234		67,697		64,431
	Newspaper publishing		6,201		5,934		12,216		11,819
	Television broadcasting		3,151		3,222		6,296		6,347
	Other businesses		435		―		745		―
	Corporate office		60		―		60		―
		$	63,875	$	62,401	$	129,666	$	124,325
Amortization of Intangible Assets
	Education	$	2,363	$	3,803	$	4,881	$	7,039
	Cable television		57		53		107		107
	Newspaper publishing		150		172		300		355
	Television broadcasting		―		―		―		―
	Other businesses		743		400		1,742		800
	Corporate office		―		―		―		―
		$	3,313	$	4,428	$	7,030	$	8,301
Net Pension Expense (Credit)
	Education	$	4,231	$	1,969	$	8,337	$	4,361
	Cable television		913		514		1,795		1,044
	Newspaper publishing		16,811		7,717		39,740		16,257
	Television broadcasting		1,213		1,055		2,501		2,015
	Other businesses		83		10		159		20
	Corporate office		(10,617)		(8,896)		(21,283)		(18,194)
		$	12,634	$	2,369	$	31,249	$	5,503

Identifiable assets for the Company’s business segments consist of the following:

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable Assets
	Education	$	1,624,982	$	1,988,015
	Cable television		1,192,679		1,187,603
	Newspaper publishing		255,196		280,323
	Television broadcasting		379,727		374,075
	Other businesses		72,388		81,211
	Corporate office		335,328		193,397
		$	3,860,300	$	4,104,624
Investments in Marketable Equity Securities			457,031		380,087
Investments in Affiliates			27,386		15,535
Prepaid Pension Cost			579,303		604,823
Total Assets		$	4,924,020	$	5,105,069

16

The Company’s education division comprises the following operating segments:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Higher education	$	273,092	$	290,861	$	544,952	$	599,245
	Test preparation		85,690		79,787		154,633		142,616
	Kaplan international		187,968		179,141		372,781		352,704
	Kaplan corporate and other		1,669		3,090		4,273		6,474
	Intersegment elimination		(189)		(1,105)		(594)		(2,580)
		$	548,230	$	551,774	$	1,076,045	$	1,098,459
Income (Loss) from Operations
	Higher education	$	22,534	$	5,860	$	27,635	$	14,819
	Test preparation		7,831		2,706		3,486		(7,513)
	Kaplan international		6,490		9,788		12,887		13,928
	Kaplan corporate and other		(13,223)		(14,787)		(24,563)		(29,776)
	Intersegment elimination		94		161		225		355
		$	23,726	$	3,728	$	19,670	$	(8,187)
Depreciation of Property, Plant and Equipment
	Higher education	$	10,741	$	11,673	$	24,180	$	23,430
	Test preparation		4,866		4,449		9,624		8,764
	Kaplan international		4,116		4,471		8,112		8,649
	Kaplan corporate and other		341		418		736		885
		$	20,064	$	21,011	$	42,652	$	41,728
Amortization of Intangible Assets		$	2,363	$	3,803	$	4,881	$	7,039
Pension Expense
	Higher education	$	2,807	$	1,587	$	5,614	$	3,174
	Test preparation		641		414		1,281		827
	Kaplan international		87		(11)		174		1
	Kaplan corporate and other		696		(21)		1,268		359
		$	4,231	$	1,969	$	8,337	$	4,361

Identifiable assets for the Company’s education division consist of the following:

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable assets
	Higher education	$	603,890	$	949,260
	Test preparation		185,196		197,672
	Kaplan international		794,153		818,613
	Kaplan corporate and other		41,743		22,470
		$	1,624,982	$	1,988,015

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14. SUBSEQUENT EVENTS

On August 5, 2013, after approval by the Company’s Board of Directors on the same day, the Company entered into a binding letter agreement (the Letter Agreement) with Nash Holdings LLC, a Delaware limited liability company (the Purchaser), and Explore Holdings LLC, a Washington limited liability company, as guarantor (the Guarantor), pursuant to which the Purchaser will acquire all the issued and outstanding equity securities of each of WP Company LLC, Express Publications Company, LLC, El Tiempo Latino, LLC, Robinson Terminal Warehouse, LLC, Greater Washington Publishing, LLC and Post-Newsweek Media, LLC (the Publishing Subsidiaries). The Publishing Subsidiaries together conduct most of the Company’s publishing businesses, including publishing The Washington Post, Express, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times and El Tiempo Latino and related websites, and operating Washington Post Live and Washington Post News Media Services and the Company’s commercial printing and distribution business and paper handling and storage business (collectively, the Publishing Business). The Purchaser will also acquire all other assets of the Company primarily related to the Publishing Business, including all of the Company’s rights in the name “The Washington Post”. The Company will change its corporate name within 60 days following the closing. The Purchaser will not acquire the Company’s interests in theClassified Ventures, LLCbusinesses, The Slate Group LLC, The FP Group, WaPo Labs and certain excluded real estate, including the Company headquarters building in downtown Washington, DC and certain land and property in Alexandria, VA. The liabilities under the Retirement Plan for The Washington Post Companies relating to the active employees of the Publishing Business will be transferred to the Purchaser, along with pension assets that have a value equal to the projected benefit obligation in respect of these active employees plus an additional $50 million.

The Purchaser will pay an aggregate purchase price of $250 million in cash, subject to customary adjustments for working capital, target cash of $8.5 million and any outstanding debt of the Publishing Business. The Guarantor has agreed to guarantee the purchase price payment obligations of the Purchaser.

Within 60 days of the date of the Letter Agreement, the Company and the Purchaser will prepare and execute a definitive Securities Purchase Agreement (the Purchase Agreement) providing for the transactions contemplated by the Letter Agreement on terms consistent with the Letter Agreement and containing other customary terms. If the parties cannot agree on the terms of the Purchase Agreement, an arbitrator selected by the parties will decide any disputed terms.

The closing of the transactions is subject to customary closing conditions, including the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

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Item 2.        Management’s Discussion and Analysis of Results of Operations and Financial Condition

This analysis should be read in conjunction with the condensed consolidated financial statements and the notes thereto.

Results of Operations

The Company reported income from continuing operations attributable to common shares of $44.7 million ($6.02 per share) for the second quarter of 2013, compared to $36.1 million ($4.76 per share) for the second quarter of 2012. Net income attributable to common shares was $44.7 million ($6.02 per share) for the second quarter ended June 30, 2013, compared to $51.8 million ($6.84 per share) for the second quarter of last year. Net income for the second quarter of 2012 includes $15.8 million ($2.08 per share) in income from discontinued operations.

Items included in the Company’s income from continuing operations for the second quarter of 2013:

§$14.0 million in early retirement, severance and restructuring charges at the newspaper publishing and education divisions (after-tax impact of $9.8 million, or $1.34 per share); and

§$12.6 million in non-operating unrealized foreign currency losses (after-tax impact of $8.1 million, or $1.11 per share).

Items included in the Company’s income from continuing operations for the second quarter of 2012:

§$8.4 million in early retirement, severance and restructuring charges at the newspaper publishing and education divisions (after-tax impact of $5.2 million, or $0.69 per share); and

§$2.6 million in non-operating unrealized foreign currency losses (after-tax impact of $1.6 million, or $0.21 per share).

Revenue for the second quarter of 2013 was $1,021.9 million, up 3% from $989.1 million in the second quarter of 2012. The Company reported operating income of $93.1 million in the second quarter of 2013, compared to operating income of $63.0 million in the second quarter of 2012. Revenues increased at the cable television and television broadcasting divisions and in other businesses, offset by small declines at the education and newspaper publishing divisions. Operating results improved at the education, cable television and television broadcasting divisions. Excluding early retirement program expense, operating results also improved at the newspaper publishing division. 

For the first six months of 2013, the Company reported income from continuing operations attributable to common shares of $50.8 million ($6.84 per share), compared to $49.5 million ($6.48 per share) for the first six months of 2012. Net income attributable to common shares was $49.4 million ($6.66 per share) for the first six months of 2013, compared to $82.9 million ($10.87 per share) for the same period of 2012. Net income includes $1.4 million ($0.18 per share) in losses from discontinued operations and $33.3 million ($4.39 per share) in income from discontinued operations for the first six months of 2013 and 2012, respectively (refer to “Discontinued Operations” discussion below). As a result of the Company’s share repurchases, there were 4% fewer diluted average shares outstanding in the first six months of 2013.

Items included in the Company’s income from continuing operations for the first six months of 2013:

§$39.3 million in early retirement, severance and restructuring charges at the newspaper publishing division and Kaplan (after-tax impact of $26.0 million, or $3.57 per share); and

§$17.2 million in non-operating unrealized foreign currency losses (after-tax impact of $11.0 million, or $1.52 per share).

Items included in the Company’s income from continuing operations for the first six months of 2012:

§$10.2 million in severance, early retirement and restructuring charges at Kaplan and the newspaper publishing division (after-tax impact of $6.4 million, or $0.84 per share); and

§a $5.8 million gain on the sale of a cost method investment (after-tax impact of $3.7 million, or $0.48 per share).

Revenue for the first six months of 2013 was $1,981.0 million, up 2% from $1,944.6 million in the first six months of 2012. Revenues increased at the cable television and television broadcasting divisions and in other businesses, offset by declines at the education and newspaper publishing divisions. The Company reported operating income of $116.1 million for the first six months of 2013, compared to $84.3 million for the first six months of 2012. Operating results improved at the education, cable television and television broadcasting divisions. Excluding early retirement program expense, operating results also improved at the newspaper publishing division. 

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Division Results

Education

Education division revenue totaled $548.2 million for the second quarter of 2013, a 1% decline from revenue of $551.8 million for the second quarter of 2012. Kaplan reported second quarter 2013 operating income of $23.7 million, compared to $3.7 million in the second quarter of 2012.

For the first six months of 2013, education division revenue totaled $1,076.0 million, a 2% decline from revenue of $1,098.5 million for the same period of 2012. Kaplan reported operating income of $19.7 million for the first six months of 2013, compared to an operating loss of $8.2 million for the first six months of 2012.

In response to student demand levels, Kaplan has formulated and implemented restructuring plans at its various businesses, with the objective of establishing lower cost levels in future periods. Across all businesses, restructuring costs totaled $4.9 million and $14.4 million in the second quarter and first six months of 2013, respectively, compared to $5.0 million in the second quarter and first six months of 2012. Kaplan currently expects to incur approximately $10 million in additional restructuring costs for the remainder of 2013 at Kaplan Higher Education (KHE) and Kaplan International in conjunction with completing these restructuring plans. Kaplan may also incur additional restructuring charges in 2013 as Kaplan management continues to evaluate its cost structure.

A summary of Kaplan’s operating results for the second quarter and the first six months of 2013 compared to 2012 is as follows:

		Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)		2013		2012		% Change	2013		2012		% Change
Revenue
	Higher education	$	273,092	$	290,861	(6)	$	544,952	$	599,245	(9)
	Test preparation		85,690		79,787	7		154,633		142,616	8
	Kaplan international		187,968		179,141	5		372,781		352,704	6
	Kaplan corporate and other		1,669		3,090	(46)		4,273		6,474	(34)
	Intersegment elimination		(189)		(1,105)	―		(594)		(2,580)	―
		$	548,230	$	551,774	(1)	$	1,076,045	$	1,098,459	(2)
Operating Income (Loss)
	Higher education	$	22,534	$	5,860	―	$	27,635	$	14,819	86
	Test preparation		7,831		2,706	―		3,486		(7,513)	―
	Kaplan international		6,490		9,788	(34)		12,887		13,928	(7)
	Kaplan corporate and other		(13,223)		(14,787)	11		(24,563)		(29,776)	18
	Intersegment elimination		94		161	―		225		355	―
		$	23,726	$	3,728	―	$	19,670	$	(8,187)	―

KHE includes Kaplan’s domestic postsecondary education businesses, made up of fixed-facility colleges and online postsecondary and career programs. KHE also includes the domestic professional training and other continuing education businesses.

In September 2012, KHE announced a plan to consolidate its market presence at certain of its fixed-facility campuses. Under this plan, KHE ceased new enrollments at nine ground campuses as it considered alternatives for these locations, and is in the process of consolidating operations of four other campuses into existing, nearby locations. Revenues at these campuses represented approximately 4% of KHE’s total revenues in 2012. In the fourth quarter of 2012, KHE also began implementing plans to consolidate other facilities and reduce its workforce. In connection with these and other plans, KHE incurred $2.6 million and $11.6 million in total restructuring costs in the second quarter and first six months of 2013, respectively, compared to $3.8 million in severance costs for the second quarter and first six months of 2012. For the second quarter of 2013, these costs included accelerated depreciation ($1.4 million), severance ($0.6 million) and lease obligation losses ($0.6 million). For the first six months of 2013, these costs included accelerated depreciation ($5.0 million), severance ($1.4 million), lease obligation losses ($4.3 million) and other items ($0.9 million). In the first six months of 2013, nine of the KHE campuses were closed.

In the second quarter and first six months of 2013, higher education revenue declined 6% and 9%, respectively, due largely to declines in average enrollments that reflect weaker market demand over the past year and the impact of campuses in the process of closing. These declines were partially offset by a revenue increase arising from trial period modifications and process improvements. 

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KHE operating income increased significantly in the second quarter and first six months of 2013, due largely to expense reductions associated with lower enrollments and recent restructuring efforts, partially offset by lower revenue and restructuring costs noted above.

New student enrollments at KHE increased 21% and 3% in the second quarter and first six months of 2013, respectively. New student enrollments were positively impacted by trial period modifications and process improvements, partially offset by the impact of closed campuses and those planned for closure that are no longer recruiting students.

Total students at June 30, 2013, were down 8% and 7% compared to June 30, 2012, and March 31, 2013, respectively. Excluding campuses closed or planned for closure, total students at June 30, 2013, were down 4% compared to June 30, 2012, and down 7% compared to March 31, 2013. A summary of student enrollments is as follows: 

	Students as of
	June 30,	March 31,	June 30,
	2013	2013	2012
Kaplan University	45,625	48,673	47,175
KHE Campuses	16,567	18,523	20,430
	62,192	67,196	67,605
	Students as of
	June 30,	March 31,	June 30,
(excluding campuses closing)	2013	2013	2012
Kaplan University	45,625	48,673	47,175
KHE Campuses	16,157	17,615	17,326
	61,782	66,288	64,501

Kaplan University enrollments included 8,144, 8,819 and 8,100 campus-based students as of June 30, 2013, March 31, 2013, and June 30, 2012, respectively.

Kaplan University and KHE Campuses enrollments at June 30, 2013 and 2012, by degree and certificate programs, are as follows:

	As of June 30,
	2013		2012
Certificate	21.7	%	24.8	%
Associate’s	30.5	%	28.7	%
Bachelor’s	33.1	%	33.7	%
Master’s	14.7	%	12.8	%
	100.0	%	100.0	%

Kaplan Test Preparation (KTP) includes Kaplan’s standardized test preparation and tutoring offerings. KTP revenue increased 7% and 8% for the second quarter and first six months of 2013, respectively. Enrollment increased 2% and 1% for the second quarter and first six months of 2013, respectively, driven by strength in pre-college, nursing and bar review programs, offset by declines in graduate programs. KTP operating results improved in the first six months of 2013 due largely to increased revenues.

Kaplan International includes English-language programs and postsecondary education and professional training businesses outside the United States. Kaplan International revenue increased 5% and 6% in the second quarter and first six months of 2013, respectively, due to enrollment growth in the pathways, English-language and Singapore higher education programs. Kaplan International operating income declined in the second quarter and first six months of 2013 due to restructuring costs in Australia and reduced earnings in Europe, partially offset by strong results in Singapore. In the second quarter of 2012, International results benefited from a net $1.9 million adjustment that resulted from a favorable adjustment to certain items recorded in prior periods. In the second quarter and first six months of 2013, restructuring costs totaled $2.3 million and $2.6 million, respectively, in Australia, where Kaplan has been consolidating and restructuring its businesses to optimize operations; such costs are largely made up of severance costs and other expenses to teach-out students for certain programs that are being eliminated. 

Corporate represents unallocated expenses of Kaplan, Inc.’s corporate office, other minor businesses and shared activities.

21

Cable Television

Cable television division revenue increased 5% in the second quarter of 2013 to $204.6 million, from $195.6 million for the second quarter of 2012; for the first six months of 2013, revenue increased 5% to $404.7 million, from $385.8 million in the same period of 2012. The revenue increase for the first six months of 2013 is due to recent rate increases for many subscribers, growth in commercial sales and a reduction in promotional discounts. The increase was partially offset by a decline in basic video subscribers, as the cable division focuses its efforts on churn reduction and retention of its high-value subscribers.

Cable television division operating income increased 16% to $44.7 million, from $38.4 million in the second quarter of 2012; for the first six months of 2013, operating income increased 14% to $81.3 million, from $71.2 million for the first six months of 2012. The division’s operating income improved due to increased revenues and reductions in labor costs and bad debt expense, partially offset by higher programming and depreciation costs. 

At June 30, 2013, Primary Service Units (PSUs) were down 3% from the prior year due to a decline in basic video subscribers. PSUs include about 6,300 subscribers who receive free basic cable service, primarily local governments, schools and other organizations as required by various franchise agreements. A summary of PSUs is as follows:

	As of June 30,
	2013	2012
Basic video	575,762	612,729
High-speed data	464,292	462,426
Telephony	185,380	187,095
	1,225,434	1,262,250

Below are details of Cable division capital expenditures as defined by the NCTA Standard Reporting Categories:

	Six Months Ended
	June 30,
(in thousands)	2013		2012
Customer Premise Equipment	$	12,843	$	25,336
Commercial		2,109		2,148
Scaleable Infrastructure		9,043		10,667
Line Extensions		2,300		2,415
Upgrade/Rebuild		14,944		7,581
Support Capital		26,902		17,064
	$	68,141	$	65,211

Newspaper Publishing

Newspaper publishing division revenue totaled $138.4 million for the second quarter of 2013, down 1% from revenue of $139.2 million for the second quarter of 2012; division revenue declined 2% to $265.7 million for the first six months of 2013, from $271.7 million for the first six months of 2012. Print advertising revenue at The Washington Post in the second quarter of 2013 was $54.5 million, down 4% from the second quarter of 2012; print advertising revenue was $103.1 million for the first six months of 2013, down 6% from the first six months of 2012. The decline is largely due to reductions in retail and general advertising. Revenue generated by the Company’s newspaper online publishing activities, primarily washingtonpost.com and Slate, increased 15% to $29.8 million for the second quarter of 2013 versus the second quarter of 2012; newspaper online revenues increased 12% to $55.6 million for the first six months of 2013 versus the first six months of 2012. Display online advertising revenue increased 25% and 21% for the second quarter and first six months of 2013, respectively. Online classified advertising revenue declined 7% for both the second quarter and first six months of 2013.

For the first six months of 2013, Post daily and Sunday circulation declined 7.1% and 7.6%, respectively, compared to the same periods of the prior year. For the six months ended June 30, 2013, average daily circulation at The Washington Post totaled 447,700 and average Sunday circulation totaled 646,700.

In February 2013, the Company announced a Voluntary Retirement Incentive Program (VRIP) which was offered to certain employees of the Post. The total VRIP expense was $20.4 million, which is being funded from the assets of the Company’s pension plan. Of this amount, $12.0 million was recorded in the first quarter of 2013 and $8.4 million was

22

recorded in the second quarter of 2013. The Post also implemented a Separation Incentive Program in February 2013 that resulted in an additional $2.3 million in early retirement program expense in the first quarter of 2013, which is also being funded from the assets of the Company pension plan. In addition, voluntary severance and other early retirement expense of $0.7 million and $2.2 million was recorded at the newspaper publishing division in the second quarter and first six months of 2013, respectively, compared to $3.4 million and $5.3 million for the second quarter and first six months of 2012, respectively. 

The newspaper publishing division reported an operating loss of $14.8 million in the second quarter of 2013, compared to an operating loss of $12.6 million in the second quarter of 2012. For the first six months of 2013, the newspaper publishing division reported an operating loss of $49.3 million, compared to an operating loss of $33.2 million for the first six months of 2012. These operating losses include noncash pension expense of $16.8 million and $7.7 million for the second quarter of 2013 and 2012, respectively, and $39.7 million and $16.3 million for the first six months of 2013 and 2012, respectively. The decline in operating results for the second quarter and first half of 2013 is due to the $5.7 million and $19.6 million increase in early retirement and severance expense, respectively, and revenue reductions discussed above, offset partially by a decline in other operating expenses. Newsprint expense was down 17% and 14% for the second quarter and first six months of 2013, respectively, primarily due to a decline in newsprint consumption.

Television Broadcasting

Revenue for the television broadcasting division increased 4% to $99.3 million in the second quarter of 2013, from $95.6 million in the same period of 2012; operating income for the second quarter of 2013 increased 9% to $47.7 million, from $43.7 million in the same period of 2012. For the first six months of 2013, revenue increased 4% to $184.6 million, from $177.1 million in the same period of 2012; operating income for the first six months of 2013 increased 11% to $83.1 million, from $74.7 million in the same period of 2012.  

The increase in revenue and operating income reflects growth in advertising demand across many product categories; incremental advertising revenue from the NBA finals broadcast at the division’s ABC affiliates in Miami and San Antonio; and increased retransmission revenues. The increase in revenue and operating income was offset partially by a $5.3 million and $8.1 million decline in political advertising revenue in the second quarter and first six months of 2013, respectively.

Other Businesses

Other businesses includes the operating results of Social Code, a marketing solutions provider helping companies with marketing on social media platforms; Celtic Healthcare, a provider of home health care and hospice services in the northeastern and mid-Atlantic regions that was acquired by the Company in November 2012; and WaPo Labs, a digital team focused on emerging technologies and new product development.  

On August 1, 2013, the Company completed the acquisition of Forney Corporation, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications.

Corporate Office

Corporate office includes the expenses of the Company’s corporate office as well as a net pension credit.

Equity in Earnings (Losses) of Affiliates

The Company holds a 16.5% interest in Classified Ventures, LLC and interests in several other affiliates.

The Company’s equity in earnings of affiliates, net, was $3.9 million for the second quarter of 2013, compared to $3.3 million for the second quarter of 2012. For the first six months of 2013, the Company’s equity in earnings of affiliates, net, totaled $7.3 million, compared to $7.2 million for the same period of 2012.

Other Non-Operating Income (Expense)

The Company recorded other non-operating expense, net, of $12.9 million for the second quarter of 2013, compared to $0.6 million for the second quarter of 2012. The second quarter 2013 non-operating expense, net, included $12.6 million in unrealized foreign currency losses and other items. The second quarter 2012 non-operating expense, net, included $2.6 million in unrealized foreign currency losses, offset by other items.

23

The Company recorded non-operating expense, net, of $16.9 million for the first six months of 2013, compared to other non-operating income, net, of $8.0 million for the same period of the prior year. The 2013 non-operating expense, net, included $17.2 million in unrealized foreign currency losses and other items. The 2012 non-operating income, net, included a $7.3 million gain on sales of cost method investments, $0.1 million in unrealized foreign currency gains and other items.

A summary of non-operating (expense) income is as follows:

		Three Months Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
(in thousands)		2013		2012		2013		2012
Foreign currency (loss) gain, net		$	(12,622)	$	(2,592)	$	(17,236)	$	68
Gain on sales of marketable equity securities			337		505		879		505
Gain (loss) on sales or write-downs of cost method investments, net			1		1,106		(178)		6,872
Other, net			(574)		346		(406)		508
	Total Other Non-Operating (Expense) Income	$	(12,858)	$	(635)	$	(16,941)	$	7,953

Net Interest Expense

The Company incurred net interest expense of $8.5 million and $17.0 million for the second quarter and first six months of 2013, respectively, compared to $8.2 million and $16.3 million for the same periods of 2012. At June 30, 2013, the Company had $450.0 million in borrowings outstanding, at an average interest rate of 7.0%.

Provision for Income Taxes

The effective tax rate for income from continuing operations for the first six months of 2013 was 42.1%, compared to 39.6% for the first six months of 2012. The high effective tax rate for the first six months of 2013 and 2012 results primarily from losses in Australia for which no tax benefit is recorded.

Discontinued Operations

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. Kaplan sold Kidum in August 2012, EduNeering in April 2012 and Kaplan Learning Technologies (KLT) in February 2012. The Company also divested its interest in Avenue100 Media Solutions in July 2012. Consequently, the Company’s income from continuing operations excludes these businesses, which have been reclassified to discontinued operations, net of tax.

The sale of The Herald resulted in a pre-tax loss of $0.1 million that was recorded in the first quarter of 2013. The sale of KLT resulted in a pre-tax loss of $3.1 million that was recorded in the first quarter of 2012. The sale of EduNeering resulted in a pre-tax gain of $29.5 million that was recorded in the second quarter of 2012. In the first quarter of 2012, in connection with each of the sales of the Company’s stock in KLT and EduNeering, the Company recorded $23.2 million of income tax benefits related to the excess of the outside stock tax basis over the net book value of the net assets acquired.

24

Earnings (Loss) Per Share

The calculation of diluted earnings per share for the second quarter and first six months of 2013 was based on 7,283,116 and 7,276,421 weighted average shares outstanding, respectively, compared to 7,545,150 and 7,579,888, respectively, for the second quarter and first six months of 2012. At June 30, 2013, there were 7,422,238 shares outstanding and the Company had remaining authorization from the Board of Directors to purchase up to 180,993 shares of Class B common stock.

Financial Condition: Capital Resources and Liquidity

Acquisitions and Dispositions

In the first six months of 2013, the Company acquired two small businesses included in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets on a preliminary basis. In the first six months of 2012, the Company acquired four small businesses included in its education division and in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets. The assets and liabilities of the companies acquired have been recorded at their estimated fair values at the date of acquisition.

In the second quarter of 2013, Kaplan purchased the remaining 15% noncontrolling interest in Kaplan China; this additional interest was accounted for as an equity transaction.

On August 1, 2013, the Company completed its acquisition of Forney Corporation, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications. The operating results of Forney will be included in other businesses.

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. The Herald was previously reported in the newspaper publishing division.  Kaplan completed the sales of EduNeering in April 2012 and Kaplan Learning Technologies in February 2012, which were part of the Kaplan Ventures division.

Capital Expenditures

During the first six months of 2013, the Company’s capital expenditures totaled $87.7 million. The Company estimates that its capital expenditures will be in the range of $215 million to $240 million in 2013.

Liquidity

The Company’s borrowings decreased by $246.7 million, to $450.0 million at June 30, 2013, as compared to borrowings of $696.7 million at December 31, 2012. At June 30, 2013, the Company had $386.6 million in cash and cash equivalents, compared to $512.4 million at December 31, 2012. The Company had money market investments of $290.5 million and $432.7 million that are classified as cash, cash equivalents and restricted cash in the Company’s condensed consolidated Balance Sheets as of June 30, 2013 and December 31, 2012, respectively.

The Company’s total debt outstanding of $450.0 million at June 30, 2013 included $397.7 million of 7.25% unsecured notes due February 1, 2019, $45.7 million of AUD 50M borrowing and $6.7 million in other debt.

In June 2011, the Company entered into a credit agreement (the Credit Agreement) providing for a U.S. $450 million, AUD 50 million four year revolving credit facility (the Facility), with each of the lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent (JP Morgan), and J.P. Morgan Australia Limited, as Australian Sub-Agent. The Facility will expire on June 17, 2015, unless the Company and the banks agree to extend the term.

The Company’s credit ratings were unchanged during the second quarter of 2013 and are as follows:

			Standard
	Moody’s		& Poor’s
Long-term		Baa1		BBB
Short-term		Prime-2		A-3

25

During the second quarter of 2013 and 2012, the Company had average borrowings outstanding of approximately $454.1 million and $455.5 million, respectively, at average annual interest rates of approximately 7.0%. During the second quarter of 2013 and 2012, the Company incurred net interest expense of $8.5 million and $8.2 million, respectively.

During the six months ended June 30, 2013 and 2012, the Company had average borrowings outstanding of approximately $489.5 million and $472.0 million, respectively, at average annual interest rates of approximately 7.0%. During the six months ended June 30, 2013 and 2012, the Company incurred net interest expense of $17.0 million and $16.3 million, respectively.

At June 30, 2013 and December 31, 2012, the Company had working capital of $502.4 million and $327.5 million, respectively. The Company maintains working capital levels consistent with its underlying business requirements and consistently generates cash from operations in excess of required interest or principal payments. The Company expects to fund its estimated capital needs primarily through existing cash balances and internally generated funds and to a lesser extent borrowings supported by our Credit Agreement. In management’s opinion, the Company will have sufficient liquidity to meet its various cash needs throughout 2013.

There were no significant changes to the Company’s contractual obligations or other commercial commitments from those disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Forward-Looking Statements

This report contains certain forward-looking statements that are based largely on the Company’s current expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results and achievements to differ materially from those expressed in the forward-looking statements. For more information about these forward-looking statements and related risks, please refer to the section titled “Forward-Looking Statements” in Part I of the Company’s Annual Report on Form 10-K.

Item  3.       Quantitative and Qualitative Disclosures about Market Risk

The Company is exposed to market risk in the normal course of its business due primarily to its ownership of marketable equity securities, which are subject to equity price risk; to its borrowing and cash-management activities, which are subject to interest rate risk; and to its foreign business operations, which are subject to foreign exchange rate risk. The Company’s market risk disclosures set forth in its 2012 Annual Report filed on Form 10-K have not otherwise changed significantly.

Item 4.        Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures

An evaluation was performed by the Company’s management, with the participation of the Company’s Chief Executive Officer (the Company’s principal executive officer) and the Company’s Senior Vice President-Finance (the Company’s principal financial officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), as of June 30, 2013. Based on that evaluation, the Company’s Chief Executive Officer and Senior Vice President-Finance have concluded that the Company’s disclosure controls and procedures, as designed and implemented, are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms and is accumulated and communicated to management, including the Chief Executive Officer and Senior Vice President-Finance, in a manner that allows timely decisions regarding required disclosure.

(b) Changes in Internal Control Over Financial Reporting

There has been no change in the Company’s internal control over financial reporting during the quarter ended June 30, 2013 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

26

PART II. OTHER INFORMATION

Item 6.            Exhibits.

Exhibit Number	Description
3.1	Restated Certificate of Incorporation of the Company dated November 13, 2003 (incorporated by reference to Exhibit 3.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2003).
3.2	Certificate of Designation for the Company’s Series A Preferred Stock dated September 22, 2003 (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to the Company’s Current Report on Form 8-K dated September 22, 2003).
3.3	By-Laws of the Company as amended and restated through November 8, 2007 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K dated November 14, 2007).
4.1	Second Supplemental Indenture dated January 30, 2009, between the Company and The Bank of New York Mellon Trust Company, N.A., as successor to The First National Bank of Chicago, as Trustee (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K dated January 30, 2009).
4.2	Four Year Credit Agreement, dated as of June 17, 2011, among the Company, JPMorgan Chase Bank, N.A., J.P. Morgan Australia Limited, Wells Fargo Bank, N.A., The Royal Bank of Scotland PLC, HSBC Bank USA, National Association, The Bank of New York Mellon, PNC Bank, National Association, Bank of America, N.A., Citibank, N.A. and The Northern Trust Company (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 17, 2011).
31.1	Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer.
32	Section 1350 Certification of the Chief Executive Officer and the Chief Financial Officer.
101	The following financial information from The Washington Post Company Quarterly Report on Form 10-Q for the period ended June 30, 2013, formatted in Extensible Business Reporting Language (XBRL): (i) Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2013 and 2012, (ii) Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2013 and 2012, (iii) Condensed Consolidated Balance Sheets as of June 30, 2013 and December 31, 2012, (iv) Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2013 and 2012, and (v) Notes to Condensed Consolidated Financial Statements. Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed “furnished” and not “filed” or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise are not subject to liability under these sections.

27

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	THE WASHINGTON POST COMPANY
	(Registrant)
Date: August 7, 2013	/s/ Donald E. Graham
	Donald E. Graham, Chairman & Chief Executive Officer (Principal Executive Officer)
Date: August 7, 2013	/s/ Hal S. Jones
	Hal S. Jones, Senior Vice President-Finance (Principal Financial Officer)

28

EX-31.1

 

Exhibit 31.1

RULE 13a-14(a)/15d-14(a) CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Donald E. Graham, Chief Executive Officer (principal executive officer) of The Washington Post Company (the “Registrant”), certify that:

1. I have reviewed this quarterly report on Form 10-Q of the Registrant;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a)    Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)    Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)    Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of Registrant’s board of directors (or persons performing the equivalent functions):

(a)    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b)    Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

/s/ Donald E. Graham                  

Donald E. Graham

Chief Executive Officer

August 7, 2013

EX-31.2

 

Exhibit 31.2

RULE 13a-14(a)/15d-14(a) CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Hal S. Jones, Senior Vice President-Finance (principal financial officer) of The Washington Post Company (the “Registrant”), certify that:

1. I have reviewed this quarterly report on Form 10-Q of the Registrant;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a)    Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)    Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)    Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of Registrant’s board of directors (or persons performing the equivalent functions):

(a)    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b)    Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

/s/ Hal S. Jones                       

Hal S. Jones

Senior Vice President-Finance

August 7, 2013

EX-32

 

Exhibit 32

SECTION 1350 CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL

OFFICER

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of The Washington Post Company (the “Company”) on Form 10-Q for the period ended June 30, 2013 (the “Report”), Donald E. Graham, Chief Executive Officer of the Company and Hal S. Jones, Senior Vice President-Finance of the Company, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Donald E. Graham               

Donald E. Graham

Chief Executive Officer

August 7, 2013

/s/ Hal S. Jones                       

Hal S. Jones

Senior Vice President-Finance

August 7, 2013

XML

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss) [Text Block]

11.ACCUMULATED OTHER COMPREHENSIVE INCOME(LOSS)

The other comprehensive income (loss) consists of the following components:

			Three Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(3,509)	$	―	$	(3,509)	$	(8,911)	$	―	$	(8,911)
	Adjustment for sales of businesses with foreign operations			―		―		―		8		―		8
				(3,509)		―		(3,509)		(8,903)		―		(8,903)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			31,423		(12,569)		18,854		6,590		(2,637)		3,953
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(333)		133		(200)		(772)		309		(463)
				31,090		(12,436)		18,654		5,818		(2,328)		3,490
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(384)		153		(231)		(470)		189		(281)
	Amortization of net actuarial loss included in net income			2,004		(801)		1,203		2,590		(1,037)		1,553
				1,620		(648)		972		2,120		(848)		1,272
Cash flow hedge:
	Gain (loss) for the period			214		(86)		128		(1,342)		538		(804)
Other Comprehensive Income (Loss)			$	29,415	$	(13,170)	$	16,245	$	(2,307)	$	(2,638)	$	(4,945)

			Six Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(7,700)	$	―	$	(7,700)	$	(1,088)	$	―	$	(1,088)
	Adjustment for sales of businesses with foreign operations			―		―		―		521		―		521
				(7,700)		―		(7,700)		(567)		―		(567)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			80,501		(32,200)		48,301		38,905		(15,562)		23,343
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(884)		353		(531)		(772)		309		(463)
				79,617		(31,847)		47,770		38,133		(15,253)		22,880
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(821)		328		(493)		(921)		369		(552)
	Amortization of net actuarial loss included in net income			4,321		(1,728)		2,593		4,247		(1,699)		2,548
	Settlement gain included in net income			(3,471)		1,388		(2,083)		―		―		―
				29		(12)		17		3,326		(1,330)		1,996
Cash flow hedge:
	Gain (loss) for the period			244		(98)		146		(1,377)		552		(825)
Other Comprehensive Income			$	72,190	$	(31,957)	$	40,233	$	39,515	$	(16,031)	$	23,484

The accumulated balances related to each component of other comprehensive income (loss) are as follows:

			Cumulative				Unrealized Gain
			Foreign				on Pensions				Accumulated
			Currency		Unrealized Gain		and Other				Other
			Translation		on Available-for-		Postretirement		Cash Flow		Comprehensive
(in thousands, net of taxes)			Adjustment		Sale Securities		Plans		Hedge		Income
Balance as of December 31, 2012			$	26,072	$	110,553	$	117,169	$	(940)	$	252,854
	Other comprehensive income (loss) before
		reclassifications		(7,700)		48,301		―		(84)		40,517
	Net amount reclassified from accumulated
		other comprehensive income		―		(531)		17		230		(284)
	Net other comprehensive income (loss)			(7,700)		47,770		17		146		40,233
Balance as of June 30, 2013			$	18,372	$	158,323	$	117,186	$	(794)	$	293,087

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:

		Amount Reclassified from Accumulated Other Comprehensive Income
		Three Months Ended				Six Months Ended				Affected Line Item in the
		June 30,				June 30,				Condensed Consolidated
(in thousands)		2013		2012		2013		2012		Statement of Operations
Unrealized Gains (Losses) on Available-for-sale Securities:
	Realized gains for the period	$	(333)	$	(772)	$	(884)	$	(772)	Other (expense) income, net
			133		309		353		309	Provision for Income Taxes
			(200)		(463)		(531)		(463)	Net of Tax
Pension and Other Postretirement Plans
	Amortization of net prior service credit		(384)		(470)		(821)		(921)	(1)
	Amortization of net actuarial loss		2,004		2,590		4,321		4,247	(1)
	Settlement gain		―		―		(3,471)		―	(1)
			1,620		2,120		29		3,326	Before tax
			(648)		(848)		(12)		(1,330)	Provision for Income Taxes
			972		1,272		17		1,996	Net of Tax
Cash Flow Hedge
			197		35		383		35	Interest expense
			(79)		(14)		(153)		(14)	Provision for Income Taxes
			118		21		230		21	Net of Tax
Total reclassification for the period		$	890	$	830	$	(284)	$	1,554	Net of Tax

____________

(1)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9).

XML

Pension and Postretirement Plans (Narrative) (Details) (USD $)	6 Months Ended		3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended	3 Months Ended				6 Months Ended					6 Months Ended			6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 Pension Plan [Member] companies	Jun. 30, 2012 Pension Plan [Member]	Jun. 30, 2013 Pension Plan [Member] companies	Jun. 30, 2012 Pension Plan [Member]	Dec. 31, 2012 Pension Plan [Member]	Jun. 30, 2013 Pension Plan [Member] Washington Post Newspaper [Member] Voluntary Retirement Incentive Program [Member]	Mar. 31, 2013 Pension Plan [Member] Washington Post Newspaper [Member] Voluntary Retirement Incentive Program [Member]	Jun. 30, 2013 Pension Plan [Member] Washington Post Newspaper [Member] Voluntary Retirement Incentive Program [Member]	Mar. 31, 2013 Pension Plan [Member] Washington Post Newspaper [Member] special separation benefits [Member]	Mar. 31, 2012 Pension Plan [Member] Post-Newsweek Media [Member] Voluntary Retirement Incentive Program [Member]	Jun. 30, 2013 Other Postretirement Plans [Member]	Jun. 30, 2012 Other Postretirement Plans [Member]	Jun. 30, 2013 Other Postretirement Plans [Member]	Jun. 30, 2012 Other Postretirement Plans [Member]	Jun. 30, 2013 Other Postretirement Plans [Member] Daily Herald [Member]	Jun. 30, 2013 Berkshire Hathaway Common Stock [Member] Pension Plan [Member]	Dec. 31, 2012 Berkshire Hathaway Common Stock [Member] Pension Plan [Member]	Jun. 30, 2013 Foreign Investments [Member] Pension Plan [Member]	Jun. 30, 2013 Single Equity Concentration [Member] Pension Plan [Member] companies	Dec. 31, 2012 Single Equity Concentration [Member] Pension Plan [Member] companies	Jun. 30, 2013 Concentration In Single Entity, Type Of Industry, Foreign Country Or Individual Fund [Member] Pension Plan [Member]	Jun. 30, 2013 Fixed income securities [Member] Pension Plan [Member]	Jun. 30, 2013 Geographic Concentration [Member] Foreign Investments [Member] Pension Plan [Member] country	Dec. 31, 2012 Geographic Concentration [Member] Foreign Investments [Member] Pension Plan [Member] country
Retirement Benefits Disclosure [Line Items]
Early retirement program expense	$ 22,700,000	$ 1,022,000	$ 8,442,000	$ 0	$ 22,700,000	$ 1,022,000		$ 8,400,000	$ 12,000,000	$ 20,400,000	$ 2,300,000	$ 1,000,000
Number of investment companies actively managing plan assets			2		2
Defined benefit plan, target allocation maximum percentage of assets, equity securities																				24.00%
Defined benefit plan, target allocation maximum percentage of assets, singular equity security, without prior approval by plan administrator																		20.00%			10.00%
Defined benefit plan, target allocation percentage of assets, fixed-income securities, range minimum																								10.00%
Minimum percentage of plan assets considered as significant concentrations in pension plans																							10.00%
Amount of plan assets managed internally by the company			None		None
Settlement gain													0	0	(3,471,000)	0	(3,500,000)
Value of investments																					321,200,000	223,100,000			337,400,000	240,400,000
Percentage of total plan assets			100.00%		100.00%		100.00%														14.00%	11.00%			14.00%	12.00%
Value of related party investments																		$ 226,200,000	$ 179,900,000
Number of investments the company's pension plan held which individually exceed 10% of total plan assets																					1	1
Number of foreign countries for which the companys pension plan holds investments that exceed 10% of total plan assets																									1	1

XML

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 386,567	$ 512,431
Restricted cash	30,351	28,538
Investments in marketable equity securities and other investments	495,219	418,938
Accounts receivable, net	364,963	399,204
Deferred income taxes	0	3,974
Inventories	4,541	7,985
Other current assets	84,227	82,692
Total Current Assets	1,365,868	1,453,762
Property, Plant and Equipment, Net	1,031,754	1,081,237
Investments In Affiliates	27,386	15,535
Goodwill, Net	1,288,419	1,317,915
Indefinite-Lived Intangible Assets, Net	539,728	539,728
Amortized Intangible Assets, Net	38,535	45,577
Prepaid Pension Cost	579,303	604,823
Deferred Charges and Other Assets	53,027	46,492
Total Assets	4,924,020	5,105,069
Liabilities and Equity
Accounts payable and accrued liabilities	447,538	486,396
Income taxes payable	15,061	726
Deferred income taxes	27,944	0
Deferred revenue	369,631	395,837
Dividends declared	213	0
Short-term borrowings	3,129	243,327
Total Current Liabilities	863,516	1,126,286
Postretirement Benefits Other Than Pensions	61,369	59,949
Accrued Compensation and Related Benefits	216,222	216,280
Other Liabilities	102,837	109,774
Deferred Income Taxes	531,384	529,427
Long-Term Debt	446,904	453,384
Total Liabilities	2,222,232	2,495,100
Redeemable Noncontrolling Interest	6,012	12,655
Redeemable Preferred Stock	10,665	11,096
Preferred Stock	0	0
Common Stockholders' Equity
Common stock	20,000	20,000
Capital in excess of par value	252,767	240,746
Retained earnings	4,596,167	4,546,775
Accumulated Other Comprehensive Income (Loss) [Abstract]
Cumulative foreign currency translation adjustment	18,372	26,072
Unrealized gain on available-for-sale securities	158,323	110,553
Unrealized gain on pensions and other postretirement plans	117,186	117,169
Cash flow hedge	(794)	(940)
Cost of Class B common stock held in treasury	(2,477,248)	(2,474,347)
Total Common Stockholders' Equity	2,684,773	2,586,028
Noncontrolling interests	338	190
Total Equity	2,685,111	2,586,218
Total Liabilities and Equity	$ 4,924,020	$ 5,105,069

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Acquisitions and Dispositions

6 Months Ended

Jun. 30, 2013

Acquisitions And Dispositions [Abstract]

Acquisitions and Dispositions [Text Block]

4. ACQUISITIONS AND DISPOSITIONS

In the first six months of 2013, the Company acquired twosmall businesses included in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets on a preliminary basis. In the first six months of 2012, the Company acquired four small businessesincluded in its education division and in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets. The assets and liabilities of the companies acquired have been recorded at their estimated fair values at the date of acquisition.

In the second quarter of 2013, Kaplan purchased the remaining 15% noncontrollinginterest in Kaplan China; this additional interest was accounted for as an equity transaction.

On August 1, 2013, the Company completed its acquisition of Forney Corporation, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications. The operating results of Forney will be included in other businesses.

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. The Herald was previously reported in the newspaper publishing division. Kaplan completed the sales of EduNeering in April 2012 and Kaplan Learning Technologies in February 2012, which were part of the Kaplan Ventures division.

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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Changes in Carrying Amount of Goodwill [Table Text Block]

				Cable		Newspaper		Television		Other
(in thousands)		Education		Television		Publishing		Broadcasting		Businesses		Total
Balance as of December 31, 2012
	Goodwill	$	1,097,058	$	85,488	$	81,183	$	203,165	$	19,052	$	1,485,946
	Accumulated impairment losses		(102,259)		―		(65,772)		―		―		(168,031)
			994,799		85,488		15,411		203,165		19,052		1,317,915
Acquisitions			―		―		―		―		2,521		2,521
Foreign currency exchange rate changes			(32,017)		―		―		―		―		(32,017)
Balance as of June 30, 2013
	Goodwill		1,065,041		85,488		71,448		203,165		21,573		1,446,715
	Accumulated impairment losses		(102,259)		―		(56,037)		―		―		(158,296)
		$	962,782	$	85,488	$	15,411	$	203,165	$	21,573	$	1,288,419

Other Intangible Assets [Table Text Block]

			As of June 30, 2013						As of December 31, 2012
			Gross				Net		Gross				Net
		Useful Life	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)		Range	Amount		Amortization		Amount		Amount		Amortization		Amount
Amortized Intangible Assets
	Non-compete agreements	2-5 years	$	13,850	$	12,790	$	1,060	$	14,008	$	12,546	$	1,462
	Student and customer relationships	2-10 years		71,946		43,314		28,632		73,693		40,787		32,906
	Databases and technology	3-5 years		6,457		6,457		―		6,457		5,707		750
	Trade names and trademarks	2-10 years		25,945		18,433		7,512		26,634		18,185		8,449
	Other	1-25 years		8,733		7,402		1,331		8,849		6,839		2,010
			$	126,931	$	88,396	$	38,535	$	129,641	$	84,064	$	45,577
Indefinite-Lived Intangible Assets
	Franchise agreements		$	496,321					$	496,321
	Wireless licenses			22,150						22,150
	Licensure and accreditation			7,371						7,371
	Other			13,886						13,886
			$	539,728					$	539,728

Education [Member]

Changes in Carrying Amount of Goodwill [Table Text Block]

		Higher		Test		Kaplan
(in thousands)		Education		Preparation		International		Total
Balance as of December 31, 2012
	Goodwill	$	409,184	$	152,187	$	535,687	$	1,097,058
	Accumulated impairment losses		―		(102,259)		―		(102,259)
			409,184		49,928		535,687		994,799
Foreign currency exchange rate changes			(129)		―		(31,888)		(32,017)
Balance as of June 30, 2013
	Goodwill		409,055		152,187		503,799		1,065,041
	Accumulated impairment losses		―		(102,259)		―		(102,259)
		$	409,055	$	49,928	$	503,799	$	962,782

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Pension and Postretirement Plans (Accumulated Other Comprehensive Income) (Details 7) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Net amount	$ (117,186)	$ (117,169)

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Contingencies

6 Months Ended

Jun. 30, 2013

Contingencies [Abstract]

Contingencies [Text Block]

12. CONTINGENCIES

Litigation and Legal Matters.The Company and its subsidiaries are involved in various legal proceedings that arise in the ordinary course of its business. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company's business, financial condition, results of operations or cash flows. Also, based on currently available information, management is of the opinion that the exposure to future material losses from existing legal proceedings is not reasonably possible, or that future material losses in excess of the amounts accrued are not reasonably possible.

DOE Program Reviews.The U.S. Department of Education (DOE) undertakes program reviews at Title IV participating institutions.Currently, there are six open and/or pending program reviews (including Kaplan University and Broomall, PA.) The Company is awaiting the DOE's final report on the program review at KHE's Broomall, PA, location. In May 2012, the DOE issued a preliminary report on its 2009 onsite program review at Kaplan University containing several findings that required Kaplan University to conduct additional, detailed file reviews and submit additional data. In January 2013, Kaplan submitted a response to the DOE's data request and is awaiting a final report on this review. The Company does not expect the final program review reports to have a material impact on KHE; however, the results of these and the other open reviews and their impact on Kaplan's operations are uncertain.

The 90/10 Rule. Under regulations referred to as the 90/10 rule, a KHE OPEID unit would lose its eligibility to participate in Title IV programs for a period of at least two fiscal years if it derives more than 90% of its receipts from Title IV programs, as calculated on a cash basis in accordance with the Higher Education Act and applicable DOE regulations, in each of two consecutive fiscal years, commencing with the unit's first fiscal year that ends after August 14, 2008. Any OPEID unit with Title IV receipts exceeding 90% for a single fiscal year ending after August 14, 2008, will be placed on provisional certification and may be subject to other enforcement measures.KHE is taking various measures to reduce the percentage of its receipts attributable to Title IV funds, including modifying student payment options; emphasizing direct-pay and employer-paid education programs; encouraging students to carefully evaluate the amount of their Title IV borrowing; eliminating some programs; cash-matching; and developing and offering additional non-Title IV-eligible certificate preparation, professional development and continuing education programs. Some of the other programs may currently be offered by other Kaplan businesses. Absent the adoption of the changes mentioned above, and if current trends continue, management estimates that in 2013,at least10of the KHE Campuses' OPEID units, representing approximately 11% of KHE's 2012 revenues, could have a 90/10 ratio over 90%. As noted above, Kaplan is taking steps to address compliance with the 90/10 rule; however, there can be no guarantee that these measures will be adequate to prevent the 90/10 rule calculations at some or all of the schools from exceeding 90% in the future.

Accreditation. In March 2011, Kaplan University's institutional accreditor, the Higher Learning Commission of the North Central Association of Colleges and Schools (HLC), sent a request to Kaplan University asking for documents and a report detailing Kaplan University's admissions practices and describing Kaplan University's compliance with HLC Care Components and policies. Kaplan University complied with this request on April 29, 2011. Kaplan University provided additional information to the HLC in response to a follow-up request received on January 19, 2012. On June 19, 2013, the HLC notified Kaplan University of their intention to conduct a focused evaluation regarding these matters during the fall of 2013. At this time the Company cannot predict how the HLC will follow-up or what impact their additional inquires may have on Kaplan University.

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Debt (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Debt Instrument [Line Items]
Debt Instrument, Maturity year, start			Jul. 01, 2013		Jan. 01, 2013
Debt Instrument, Maturity year, end			Dec. 31, 2017		Dec. 31, 2017
Average borrowings outstanding	$ 454,100,000	$ 455,500,000	$ 489,500,000	$ 472,000,000
Weighted average interest rate of borrowings	7.00%	7.00%	7.00%	7.00%
Net interest expense incurred	8,500,000	8,200,000	17,000,000	16,300,000
Carrying value of debt instrument	397,686,000		397,686,000		397,479,000
7.25% Unsecured Notes due February 1, 2019 [Member]
Debt Instrument [Line Items]
Fair value of debt instrument	461,800,000		461,800,000		481,400,000
Carrying value of debt instrument	397,700,000		397,700,000		397,500,000
AUD $50 million portion of Revolver [Member]
Debt Instrument [Line Items]
Borrowings outstanding	45,664,000		45,664,000		51,915,000
USD $450 million portion of Revolver [Member]
Debt Instrument [Line Items]
Borrowings outstanding	$ 0		$ 0		$ 240,121,000
Other Indebtedness [Member]
Debt Instrument [Line Items]
Minimum interest rate			0.00%		0.00%
Maximum interest rate			6.00%		6.00%

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Pension and Postretirement Plans (Asset Allocation) (Details 9) (Pension Plan [Member])	Jun. 30, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	100.00%	100.00%
Equity Securities [Member] | U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	62.00%	64.00%
Equity Securities [Member] | International [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	25.00%	23.00%
Fixed Income [Member] | U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	13.00%	13.00%

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Accounts Receivable, Accounts Payable and Accrued Liabilities (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Accounts Receivable Accounts Payable And Accrued Liabilities [Abstract]
Accounts receivable, net	$ 364,963	$ 399,204
Total accounts payable and accrued liabilities	$ 447,538	$ 486,396

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Summary of Earnings Per Share from Continuing Operations, Basic and Diluted [Table Text Block]

			Three Months Ended				Six Months Ended
			June 30,				June 30,
(in thousands, except per share amounts)			2013		2012		2013		2012
Income from continuing operations attributable to The
	Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Less: Amount attributable to participating securities				(1,159)		(711)		(1,318)		(1,079)
Basic income from continuing operations attributable to
	The Washington Post Company common stockholders		$	43,516	$	35,352	$	49,461	$	48,443
Plus: Amount attributable to participating securities				1,159		711		1,318		1,079
Diluted income from continuing operations attributable to
	The Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Basic weighted average shares outstanding				7,229		7,431		7,228		7,473
Plus: Effect of dilutive shares related to stock options and restricted stock				54		114		48		107
Diluted weighted average shares outstanding				7,283		7,545		7,276		7,580
Income Per Share from Continuing Operations Attributable
	to The Washington Post Company Common Stockholders:
		Basic	$	6.02	$	4.76	$	6.84	$	6.48
		Diluted	$	6.02	$	4.76	$	6.84	$	6.48

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements [Abstract]

Summary of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(in thousands)			Level 1		Level 2		Total
As of June 30, 2013
Assets
	Money market investments (1)		$	―	$	290,500	$	290,500
	Marketable equity securities (3)			457,031		―		457,031
	Other current investments (4)			14,978		23,210		38,188
		Total Financial Assets	$	472,009	$	313,710	$	785,719
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,358	$	62,358
	7.25% unsecured notes (6)			―		461,812		461,812
	AUD revolving credit borrowing (6)			―		45,664		45,664
	Interest rate swap (7)			―		1,323		1,323
		Total Financial Liabilities	$	―	$	571,157	$	571,157

As of December 31, 2012
Assets
	Money market investments (2)		$	―	$	432,670	$	432,670
	Marketable equity securities (3)			380,087		―		380,087
	Other current investments (4)			14,134		24,717		38,851
		Total Financial Assets	$	394,221	$	457,387	$	851,608
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,297	$	62,297
	7.25% unsecured notes (6)			―		481,424		481,424
	AUD revolving credit borrowing (6)			―		51,915		51,915
	Interest rate swap (7)			―		1,567		1,567
		Total Financial Liabilities	$	―	$	597,203	$	597,203

____________

(1)The Company's money market investments are included in cash and cash equivalents.

(2)The Company's money market investments are included in cash, cash equivalents and restricted cash.

(3)The Company's investments in marketable equity securities are classified as available-for-sale.

(4)Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).

(5)Includes The Washington Post Company Deferred Compensation Plan and supplemental savings plan benefits under The Washington Post Company Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.

(6)See Note 6 for carrying amount of these notes and borrowing.

(7)Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

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Income Taxes (Provision for Income Taxes Components) (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Provision for income taxes on income from continuing operations [Abstract]
Total provision for income tax	$ 30,400	$ 21,200	$ 37,700	$ 32,900

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Discontinued Operations (Summarized (Loss) Income from Discontinued Operations, Net Of Tax) (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Discontinued Operations [Abstract]
Operating revenues	$ 0	$ 17,908	$ 3,461	$ 41,079
Operating costs and expenses	0	(22,068)	(5,477)	(49,412)
Loss from discontinued operations	0	(4,160)	(2,016)	(8,333)
Benefit from income taxes	0	(1,370)	(676)	(2,759)
Net Loss from Discontinued Operations	0	(2,790)	(1,340)	(5,574)
Gain (loss) on sales of discontinued operations	0	29,541	(70)	26,459
Provision (benefit) for income taxes on sales of discontinued operations	0	11,000	(24)	(12,454)
Income (Loss) from Discontinued Operations, Net of Tax	$ 0	$ 15,751	$ (1,386)	$ 33,339

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Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	$ 1,031,754	$ 1,081,237

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Debt (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
7.25% unsecured notes due February 1, 2019	$ 397,686	$ 397,479
Other indebtedness	6,683	7,196
Total Debt	450,033	696,711
Less: current portion	(3,129)	(243,327)
Total Long-Term Debt	446,904	453,384
USD [Member]
Debt Instrument [Line Items]
Revolving credit borrowing	0	240,121
AUD [Member]
Debt Instrument [Line Items]
Revolving credit borrowing	$ 45,664	$ 51,915

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Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment [Table Text Block]

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Education	$	548,230	$	551,774	$	1,076,045	$	1,098,459
	Cable television		204,550		195,579		404,688		385,789
	Newspaper publishing		138,423		139,228		265,687		271,678
	Television broadcasting		99,320		95,591		184,590		177,088
	Other businesses		31,419		7,177		50,310		11,945
	Corporate office		―		―		―		―
	Intersegment elimination		(91)		(246)		(364)		(355)
		$	1,021,851	$	989,103	$	1,980,956	$	1,944,604
Income (Loss) from Operations
	Education	$	23,726	$	3,728	$	19,670	$	(8,187)
	Cable television		44,710		38,446		81,323		71,223
	Newspaper publishing		(14,827)		(12,614)		(49,299)		(33,226)
	Television broadcasting		47,704		43,728		83,066		74,727
	Other businesses		(4,510)		(6,775)		(10,623)		(11,418)
	Corporate office		(3,753)		(3,492)		(8,027)		(8,800)
		$	93,050	$	63,021	$	116,110	$	84,319
Equity in Earnings of Affiliates, Net			3,868		3,314		7,286		7,202
Interest Expense, Net			(8,526)		(8,204)		(16,976)		(16,298)
Other (Expense) Income, Net			(12,858)		(635)		(16,941)		7,953
Income from Continuing Operations Before Income Taxes		$	75,534	$	57,496	$	89,479	$	83,176
Depreciation of Property, Plant and Equipment
	Education	$	20,064	$	21,011	$	42,652	$	41,728
	Cable television		33,964		32,234		67,697		64,431
	Newspaper publishing		6,201		5,934		12,216		11,819
	Television broadcasting		3,151		3,222		6,296		6,347
	Other businesses		435		―		745		―
	Corporate office		60		―		60		―
		$	63,875	$	62,401	$	129,666	$	124,325
Amortization of Intangible Assets
	Education	$	2,363	$	3,803	$	4,881	$	7,039
	Cable television		57		53		107		107
	Newspaper publishing		150		172		300		355
	Television broadcasting		―		―		―		―
	Other businesses		743		400		1,742		800
	Corporate office		―		―		―		―
		$	3,313	$	4,428	$	7,030	$	8,301
Net Pension Expense (Credit)
	Education	$	4,231	$	1,969	$	8,337	$	4,361
	Cable television		913		514		1,795		1,044
	Newspaper publishing		16,811		7,717		39,740		16,257
	Television broadcasting		1,213		1,055		2,501		2,015
	Other businesses		83		10		159		20
	Corporate office		(10,617)		(8,896)		(21,283)		(18,194)
		$	12,634	$	2,369	$	31,249	$	5,503

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable Assets
	Education	$	1,624,982	$	1,988,015
	Cable television		1,192,679		1,187,603
	Newspaper publishing		255,196		280,323
	Television broadcasting		379,727		374,075
	Other businesses		72,388		81,211
	Corporate office		335,328		193,397
		$	3,860,300	$	4,104,624
Investments in Marketable Equity Securities			457,031		380,087
Investments in Affiliates			27,386		15,535
Prepaid Pension Cost			579,303		604,823
Total Assets		$	4,924,020	$	5,105,069

Education [Member]

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment [Table Text Block]

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Higher education	$	273,092	$	290,861	$	544,952	$	599,245
	Test preparation		85,690		79,787		154,633		142,616
	Kaplan international		187,968		179,141		372,781		352,704
	Kaplan corporate and other		1,669		3,090		4,273		6,474
	Intersegment elimination		(189)		(1,105)		(594)		(2,580)
		$	548,230	$	551,774	$	1,076,045	$	1,098,459
Income (Loss) from Operations
	Higher education	$	22,534	$	5,860	$	27,635	$	14,819
	Test preparation		7,831		2,706		3,486		(7,513)
	Kaplan international		6,490		9,788		12,887		13,928
	Kaplan corporate and other		(13,223)		(14,787)		(24,563)		(29,776)
	Intersegment elimination		94		161		225		355
		$	23,726	$	3,728	$	19,670	$	(8,187)
Depreciation of Property, Plant and Equipment
	Higher education	$	10,741	$	11,673	$	24,180	$	23,430
	Test preparation		4,866		4,449		9,624		8,764
	Kaplan international		4,116		4,471		8,112		8,649
	Kaplan corporate and other		341		418		736		885
		$	20,064	$	21,011	$	42,652	$	41,728
Amortization of Intangible Assets		$	2,363	$	3,803	$	4,881	$	7,039
Pension Expense
	Higher education	$	2,807	$	1,587	$	5,614	$	3,174
	Test preparation		641		414		1,281		827
	Kaplan international		87		(11)		174		1
	Kaplan corporate and other		696		(21)		1,268		359
		$	4,231	$	1,969	$	8,337	$	4,361

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable assets
	Higher education	$	603,890	$	949,260
	Test preparation		185,196		197,672
	Kaplan international		794,153		818,613
	Kaplan corporate and other		41,743		22,470
		$	1,624,982	$	1,988,015

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Business Segments (Information by Operating Segment) (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Operating Revenues	$ 1,021,851	$ 989,103	$ 1,980,956	$ 1,944,604
Income (Loss) from Operations	93,050	63,021	116,110	84,319
Equity in Earnings of Affiliates, Net	3,868	3,314	7,286	7,202
Interest Expense, Net	(8,526)	(8,204)	(16,976)	(16,298)
Other (Expense) Income, Net	(12,858)	(635)	(16,941)	7,953
Income from Continuing Operations Before Income Taxes	75,534	57,496	89,479	83,176
Depreciation of property, plant and equipment	63,875	62,401	129,666	124,325
Amortization of intangible assets	3,313	4,428	7,030	8,301
Net Pension Expense (Credit)	12,634	2,369	31,249	5,503
Identifiable assets	3,860,300		3,860,300		4,104,624
Investment in Marketable Equity Securities	457,031		457,031		380,087
Investments In Affiliates	27,386		27,386		15,535
Prepaid Pension Cost	579,303		579,303		604,823
Total Assets	4,924,020		4,924,020		5,105,069
Education [Member]
Operating Revenues	548,230	551,774	1,076,045	1,098,459
Income (Loss) from Operations	23,726	3,728	19,670	(8,187)
Depreciation of property, plant and equipment	20,064	21,011	42,652	41,728
Amortization of intangible assets	2,363	3,803	4,881	7,039
Net Pension Expense (Credit)	4,231	1,969	8,337	4,361
Identifiable assets	1,624,982		1,624,982		1,988,015
Higher Education [Member]
Operating Revenues	273,092	290,861	544,952	599,245
Income (Loss) from Operations	22,534	5,860	27,635	14,819
Depreciation of property, plant and equipment	10,741	11,673	24,180	23,430
Net Pension Expense (Credit)	2,807	1,587	5,614	3,174
Identifiable assets	603,890		603,890		949,260
Test Preparation [Member]
Operating Revenues	85,690	79,787	154,633	142,616
Income (Loss) from Operations	7,831	2,706	3,486	(7,513)
Depreciation of property, plant and equipment	4,866	4,449	9,624	8,764
Net Pension Expense (Credit)	641	414	1,281	827
Identifiable assets	185,196		185,196		197,672
Kaplan International [Member]
Operating Revenues	187,968	179,141	372,781	352,704
Income (Loss) from Operations	6,490	9,788	12,887	13,928
Depreciation of property, plant and equipment	4,116	4,471	8,112	8,649
Net Pension Expense (Credit)	87	(11)	174	1
Identifiable assets	794,153		794,153		818,613
Kaplan Corporate and Other [Member]
Operating Revenues	1,669	3,090	4,273	6,474
Income (Loss) from Operations	(13,223)	(14,787)	(24,563)	(29,776)
Depreciation of property, plant and equipment	341	418	736	885
Net Pension Expense (Credit)	696	(21)	1,268	359
Identifiable assets	41,743		41,743		22,470
Cable Television [Member]
Operating Revenues	204,550	195,579	404,688	385,789
Income (Loss) from Operations	44,710	38,446	81,323	71,223
Depreciation of property, plant and equipment	33,964	32,234	67,697	64,431
Amortization of intangible assets	57	53	107	107
Net Pension Expense (Credit)	913	514	1,795	1,044
Identifiable assets	1,192,679		1,192,679		1,187,603
Newspaper Publishing [Member]
Operating Revenues	138,423	139,228	265,687	271,678
Income (Loss) from Operations	(14,827)	(12,614)	(49,299)	(33,226)
Depreciation of property, plant and equipment	6,201	5,934	12,216	11,819
Amortization of intangible assets	150	172	300	355
Net Pension Expense (Credit)	16,811	7,717	39,740	16,257
Identifiable assets	255,196		255,196		280,323
Television Broadcasting [Member]
Operating Revenues	99,320	95,591	184,590	177,088
Income (Loss) from Operations	47,704	43,728	83,066	74,727
Depreciation of property, plant and equipment	3,151	3,222	6,296	6,347
Amortization of intangible assets	0	0	0	0
Net Pension Expense (Credit)	1,213	1,055	2,501	2,015
Identifiable assets	379,727		379,727		374,075
Other Businesses [Member]
Operating Revenues	31,419	7,177	50,310	11,945
Income (Loss) from Operations	(4,510)	(6,775)	(10,623)	(11,418)
Depreciation of property, plant and equipment	435	0	745	0
Amortization of intangible assets	743	400	1,742	800
Net Pension Expense (Credit)	83	10	159	20
Identifiable assets	72,388		72,388		81,211
Corporate Office [Member]
Operating Revenues	0	0	0	0
Income (Loss) from Operations	(3,753)	(3,492)	(8,027)	(8,800)
Depreciation of property, plant and equipment	60	0	60	0
Amortization of intangible assets	0	0	0	0
Net Pension Expense (Credit)	(10,617)	(8,896)	(21,283)	(18,194)
Identifiable assets	335,328		335,328		193,397
Intersegment Elimination [Member]
Operating Revenues	(91)	(246)	(364)	(355)
Intersegment Elimination [Member] | Education [Member]
Operating Revenues	(189)	(1,105)	(594)	(2,580)
Income (Loss) from Operations	$ 94	$ 161	$ 225	$ 355

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Business Segments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended	3 Months Ended
	Jun. 30, 2013 segments	Jun. 30, 2012 Kaplan International [Member]	Jun. 30, 2012 Kaplan International [Member] Related to certain items recorded in 2011 and 2010 [Member]	Jun. 30, 2012 Kaplan International [Member] A 2011 Acquisition [Member]
Number of reportable segments	7
Prior periods adjustments			$ 3.9
Adjustment to increase liabilities assumed				2.0
Favorable net adjustment		$ 1.9

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Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill) (Details 1) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Goodwill [Line Items]
Goodwill, beginning balance	$ 1,485,946
Accumulated impairment losses, beginning balance	(168,031)
Goodwill, net, beginning balance	1,317,915
Acquisitions	2,521
Foreign currency exchange rate changes	(32,017)
Goodwill, ending balance	1,446,715
Accumulated impairment losses, ending balance	(158,296)
Goodwill, net, ending balance	1,288,419
Education [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1,097,058
Accumulated impairment losses, beginning balance	(102,259)
Goodwill, net, beginning balance	994,799
Acquisitions	0
Foreign currency exchange rate changes	(32,017)
Goodwill, ending balance	1,065,041
Accumulated impairment losses, ending balance	(102,259)
Goodwill, net, ending balance	962,782
Higher Education [Member]
Goodwill [Line Items]
Goodwill, beginning balance	409,184
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	409,184
Foreign currency exchange rate changes	(129)
Goodwill, ending balance	409,055
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	409,055
Test Preparation [Member]
Goodwill [Line Items]
Goodwill, beginning balance	152,187
Accumulated impairment losses, beginning balance	(102,259)
Goodwill, net, beginning balance	49,928
Foreign currency exchange rate changes	0
Goodwill, ending balance	152,187
Accumulated impairment losses, ending balance	(102,259)
Goodwill, net, ending balance	49,928
Kaplan International [Member]
Goodwill [Line Items]
Goodwill, beginning balance	535,687
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	535,687
Foreign currency exchange rate changes	(31,888)
Goodwill, ending balance	503,799
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	503,799
Cable Television [Member]
Goodwill [Line Items]
Goodwill, beginning balance	85,488
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	85,488
Acquisitions	0
Foreign currency exchange rate changes	0
Goodwill, ending balance	85,488
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	85,488
Newspaper Publishing [Member]
Goodwill [Line Items]
Goodwill, beginning balance	81,183
Accumulated impairment losses, beginning balance	(65,772)
Goodwill, net, beginning balance	15,411
Acquisitions	0
Foreign currency exchange rate changes	0
Goodwill, ending balance	71,448
Accumulated impairment losses, ending balance	(56,037)
Goodwill, net, ending balance	15,411
Television Broadcasting [Member]
Goodwill [Line Items]
Goodwill, beginning balance	203,165
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	203,165
Acquisitions	0
Foreign currency exchange rate changes	0
Goodwill, ending balance	203,165
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	203,165
Other Businesses [Member]
Goodwill [Line Items]
Goodwill, beginning balance	19,052
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	19,052
Acquisitions	2,521
Foreign currency exchange rate changes	0
Goodwill, ending balance	21,573
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	$ 21,573

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Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt [Abstract]

Components of Debt [Table Text Block]

	As of
	June 30,		December 31,
(in thousands)	2013		2012
7.25% unsecured notes due February 1, 2019	$	397,686	$	397,479
USD Revolving credit borrowing		―		240,121
AUD Revolving credit borrowing		45,664		51,915
Other indebtedness		6,683		7,196
Total Debt		450,033		696,711
Less: current portion		(3,129)		(243,327)
Total Long-Term Debt	$	446,904	$	453,384

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Consolidated Statements of Changes in Common Shareholders' Equity (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Beginning Balance			$ 2,586,218
Net income for the year	45,134	52,047	50,393	83,615
Net income attributable to noncontrolling interest(s)	253	11	350	81
Dividends paid on redeemable preferred stock	206	222	650	673
Repurchase of Class B common stock			4,196	74,472
Cumulative Foreign Currency Translation Adjustment - Net other comprehensive income (loss)	(3,509)	(8,903)	(7,700)	(567)
Unrealized Gain on Available-for-Sale Securities - Net other comprehensive income (loss)	18,654	3,490	47,770	22,880
Unrealized Gain on Pensions and Other Postretirement Plans - Net other comprehensive income (loss)	(972)	(1,272)	(17)	(1,996)
Cash flow hedge			(84)
Ending Balance	$ 2,685,111		$ 2,685,111

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Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

2. DISCONTINUED OPERATIONS

In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. Under the terms of the agreement, the purchaser received most of the assets and liabilities; however, certain land and buildings and other assets and liabilities were retained by the Company.The results of operations of The Herald for the three and six months endedJune 30, 2013 and 2012,are included in the Company's Condensed Consolidated Statements of Operations as Income (Loss) from Discontinued Operations, Net of Tax. All corresponding prior period operating results presented in the Company's Condensed Consolidated Financial Statements and the accompanying notes have been reclassified to reflect the discontinued operations presented. The Company did not reclassify its Condensed Consolidated Balance Sheets or Statements of Cash Flows to reflect the discontinued operations.

In August 2012, the Company completed the sale of Kidum and recorded a pre-tax gain of $3.6 million and an after-tax gain of $10.2 million related to this sale in the third quarter of 2012. On July 31, 2012, the Company disposed of its interest in Avenue100 Media Solutions, Inc. and recorded a pre-tax loss of $5.7 million related to the disposition. An income tax benefit of $44.5 million was also recorded in the third quarter of 2012 as the Company determined that Avenue100 had no value. The income tax benefit was due to the Company's tax basis in the stock of Avenue100 exceeding its net book value, as a result of goodwill and other intangible asset impairment charges recorded in 2008, 2010 and 2011 for which no tax benefit was previously recorded.In April 2012, the Company completed the sale of Kaplan EduNeering. Under the terms of the agreement, the purchaser acquired the stock of EduNeering and received substantially all the assets and liabilities. In the second quarter of 2012, the Company recorded an after-tax gain of $18.5 million related to this sale. In February 2012, Kaplan completed the stock sale of Kaplan Learning Technologies (KLT) and recorded an after-tax loss on the sale of $1.9 million. The Company recorded $23.2 million of income tax benefits in the first quarter of 2012 in connection with the sale of its stock in EduNeering and KLT related to the excess of the outside stock tax basis over the net book value of the net assets disposed. The results of operations of Kidum, Avenue100, EduNeering, and KLT, for the three and six months ended June 30, 2012are included in the Company's Condensed Consolidated Statement of Operations as Income (Loss) from Discontinued Operations, Net of Tax.

The summarized income (loss) from discontinued operations, net of tax, is presented below:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Operating revenues	$	―	$	17,908	$	3,461	$	41,079
Operating costs and expenses		―		(22,068)		(5,477)		(49,412)
Loss from discontinued operations		―		(4,160)		(2,016)		(8,333)
Benefit from income taxes		―		(1,370)		(676)		(2,759)
Net Loss from Discontinued Operations		―		(2,790)		(1,340)		(5,574)
Gain (loss) on sales of discontinued operations		―		29,541		(70)		26,459
Provision (benefit) for income taxes on sales of discontinued operations		―		11,000		(24)		(12,454)
Income (Loss) from Discontinued Operations, Net of Tax	$	―	$	15,751	$	(1,386)	$	33,339

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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2013

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets [Text Block]

5. GOODWILL AND OTHER INTANGIBLE ASSETS

Amortization of intangible assets for the three months ended June 30, 2013 and 2012 was $3.3 million and $4.4million, respectively. Amortization of intangible assets for the sixmonths ended June 30, 2013and 2012was $7.0million and $8.3 million, respectively. Amortization of intangible assetsis estimated to be approximately $6 million for the remainder of 2013, $9 million in 2014, $7 million in 2015, $6 million in 2016, $4 million in 2017, $4 million in 2018 and $3 million thereafter.

The changes in the carrying amount of goodwill, by segment, were as follows:

				Cable		Newspaper		Television		Other
(in thousands)		Education		Television		Publishing		Broadcasting		Businesses		Total
Balance as of December 31, 2012
	Goodwill	$	1,097,058	$	85,488	$	81,183	$	203,165	$	19,052	$	1,485,946
	Accumulated impairment losses		(102,259)		―		(65,772)		―		―		(168,031)
			994,799		85,488		15,411		203,165		19,052		1,317,915
Acquisitions			―		―		―		―		2,521		2,521
Foreign currency exchange rate changes			(32,017)		―		―		―		―		(32,017)
Balance as of June 30, 2013
	Goodwill		1,065,041		85,488		71,448		203,165		21,573		1,446,715
	Accumulated impairment losses		(102,259)		―		(56,037)		―		―		(158,296)
		$	962,782	$	85,488	$	15,411	$	203,165	$	21,573	$	1,288,419

The changes in carrying amount of goodwill at the Company's education division were as follows:

		Higher		Test		Kaplan
(in thousands)		Education		Preparation		International		Total
Balance as of December 31, 2012
	Goodwill	$	409,184	$	152,187	$	535,687	$	1,097,058
	Accumulated impairment losses		―		(102,259)		―		(102,259)
			409,184		49,928		535,687		994,799
Foreign currency exchange rate changes			(129)		―		(31,888)		(32,017)
Balance as of June 30, 2013
	Goodwill		409,055		152,187		503,799		1,065,041
	Accumulated impairment losses		―		(102,259)		―		(102,259)
		$	409,055	$	49,928	$	503,799	$	962,782

Other intangible assets consist of the following:

			As of June 30, 2013						As of December 31, 2012
			Gross				Net		Gross				Net
		Useful Life	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)		Range	Amount		Amortization		Amount		Amount		Amortization		Amount
Amortized Intangible Assets
	Non-compete agreements	2-5 years	$	13,850	$	12,790	$	1,060	$	14,008	$	12,546	$	1,462
	Student and customer relationships	2-10 years		71,946		43,314		28,632		73,693		40,787		32,906
	Databases and technology	3-5 years		6,457		6,457		―		6,457		5,707		750
	Trade names and trademarks	2-10 years		25,945		18,433		7,512		26,634		18,185		8,449
	Other	1-25 years		8,733		7,402		1,331		8,849		6,839		2,010
			$	126,931	$	88,396	$	38,535	$	129,641	$	84,064	$	45,577
Indefinite-Lived Intangible Assets
	Franchise agreements		$	496,321					$	496,321
	Wireless licenses			22,150						22,150
	Licensure and accreditation			7,371						7,371
	Other			13,886						13,886
			$	539,728					$	539,728

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Investments

6 Months Ended

Jun. 30, 2013

Investments [Abstract]

Investments [Text Block]

3. INVESTMENTS

Investments in marketable equity securities comprised the following:

	As of
	June 30,		December 31,
(in thousands)	2013		2012
Total cost	$	193,159	$	195,832
Net unrealized gains		263,872		184,255
Total Fair Value	$	457,031	$	380,087

There were no newinvestments in marketable equity securities during the first six months of 2013. The Company invested $45.0 million in marketable equity securities during the first six months of 2012. During the first six months of 2013 and 2012, the proceeds from sales of marketable equity securities were $3.6 million and $2.0 million, respectively, and net realized gains on such sales were $0.9 million and $0.5 million, respectively.

As of June 30, 2013, the Company has a $3.5 million unrealized loss on its investment in Strayer Education, Inc., a publicly traded company. At June 30, 2013, the investment has been in an unrealized loss position for under three months. The Company evaluated this investment for other-than-temporary impairment based on various factors, including the duration and severity of the unrealized loss, the reason for the decline in value and the potential recovery period, and the ability and intent to hold the investment and concluded that the unrealized loss is not other-than-temporary as of June 30, 2013. If any impairment is considered other-than-temporary, the investment will be written down to its fair market value with a corresponding charge to the Consolidated Statement of Operations.

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Acquisitions and Dispositions (Narrative) (Details)	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2012 Education division and other businesses [Member] business	Jun. 30, 2013 Kaplan [Member]	Jun. 30, 2013 Other Businesses [Member] business
Business Acquisition [Line Items]
Number of businesses acquired	4		2
Percent of noncontrolling interest purchased		15.00%

XML

Pension and Postretirement Plans (Tables)

6 Months Ended

Jun. 30, 2013

Pension Plan [Member]

Summary of Net (Benefit) Costs [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	12,710	$	8,701	$	26,075	$	17,808
Interest cost		14,243		14,829		28,534		29,420
Expected return on assets		(25,467)		(24,510)		(51,789)		(48,522)
Amortization of prior service cost		909		919		1,818		1,856
Recognized actuarial loss		1,797		2,503		3,944		4,072
Net Periodic Cost		4,192		2,442		8,582		4,634
Early retirement programs expense		8,442		―		22,700		1,022
Total Cost	$	12,634	$	2,442	$	31,282	$	5,656

Allocation of the Assets of the Company's Pension Plans [Table Text Block]

	As of
	June 30,			December 31,
	2013			2012
U.S. equities		62	%		64	%
U.S. fixed income		13	%		13	%
International equities		25	%		23	%
		100	%		100	%

Supplemental Executive Retirement Plan (SERP) [Member]

Summary of Net (Benefit) Costs [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	430	$	366	$	859	$	733
Interest cost		1,023		1,061		2,046		2,121
Amortization of prior service cost		13		13		27		27
Recognized actuarial loss		711		459		1,422		917
Total Cost	$	2,177	$	1,899	$	4,354	$	3,798

Other Postretirement Plans [Member]

Summary of Net (Benefit) Costs [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	728	$	779	$	1,455	$	1,557
Interest cost		507		684		1,017		1,368
Amortization of prior service credit		(1,306)		(1,402)		(2,666)		(2,804)
Recognized actuarial gain		(504)		(370)		(1,045)		(740)
Net Periodic Benefit		(575)		(309)		(1,239)		(619)
Settlement gain		―		―		(3,471)		―
Total Periodic Benefit	$	(575)	$	(309)	$	(4,710)	$	(619)

XML

Organization, Basis of Presentation and Recent Accounting Pronouncements (Narrative) (Details)	Jun. 30, 2013
Percentage of ownership indicating control for consolidation purposes	more than 50%
Television Broadcasting [Member]
Number of television broadcast stations	6

XML

Investments (Investments in Marketable Equity Securities) (Details 1) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Investments [Abstract]
Total cost	$ 193,159	$ 195,832
Net unrealized gains	263,872	184,255
Total Fair Value	$ 457,031	$ 380,087

XML

Pension and Postretirement Plans (Total Benefit/Cost) (Details 5) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Cost (Benefit)			$ 8,582	$ 4,634
Early retirement program expense			22,700	1,022
Total Cost (Benefit)	12,634	2,369	31,249	5,503
Amortization of prior service credit (cost)	384	470	821	921
Curtailment loss	0	0	(3,471)	0
Total Recognized in Other Comprehensive Income (Before Tax Effects)	(1,620)	(2,120)	(29)	(3,326)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	12,710	8,701	26,075	17,808
Interest cost	14,243	14,829	28,534	29,420
Expected return on assets	(25,467)	(24,510)	(51,789)	(48,522)
Amortization of prior service cost (credit)	909	919	1,818	1,856
Recognized actuarial loss (gain)	1,797	2,503	3,944	4,072
Net Periodic Cost (Benefit)	4,192	2,442	8,582	4,634
Early retirement program expense	8,442	0	22,700	1,022
Total Cost (Benefit)	12,634	2,442	31,282	5,656
Supplemental Executive Retirement Plan (SERP) [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	430	366	859	733
Interest cost	1,023	1,061	2,046	2,121
Amortization of prior service cost (credit)	13	13	27	27
Recognized actuarial loss (gain)	711	459	1,422	917
Total Cost (Benefit)	2,177	1,899	4,354	3,798
Other Postretirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	728	779	1,455	1,557
Interest cost	507	684	1,017	1,368
Amortization of prior service cost (credit)	(1,306)	(1,402)	(2,666)	(2,804)
Recognized actuarial loss (gain)	(504)	(370)	(1,045)	(740)
Net Periodic Cost (Benefit)	(575)	(309)	(1,239)	(619)
Settlement gain	0	0	(3,471)	0
Total Cost (Benefit)	$ (575)	$ (309)	$ (4,710)	$ (619)

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013		Dec. 31, 2012
Assets
Marketable equity securities	$ 457,031		$ 380,087
7.25% Unsecured Notes due February 1, 2019 [Member]
Liabilities:
7.25% unsecured notes	461,800		481,400
Level 1 [Member]
Assets
Money market investments	0	[1]	0	[2]
Marketable equity securities	457,031	[3]	380,087	[3]
Other current investments	14,978	[4]	14,134	[4]
Total Financial Assets	472,009		394,221
Liabilities:
Deferred compensation plan liabilities	0	[5]	0	[5]
7.25% unsecured notes	0	[6]	0	[6]
AUD Revolving credit borrowing	0	[6]	0	[6]
Interest rate swap	0	[7]	0	[7]
Total Financial Liabilities	0		0
Level 2 [Member]
Assets
Money market investments	290,500	[1]	432,670	[2]
Marketable equity securities	0	[3]	0	[3]
Other current investments	23,210	[4]	24,717	[4]
Total Financial Assets	313,710		457,387
Liabilities:
Deferred compensation plan liabilities	62,358	[5]	62,297	[5]
7.25% unsecured notes	461,812	[6]	481,424	[6]
AUD Revolving credit borrowing	45,664	[6]	51,915	[6]
Interest rate swap	1,323	[7]	1,567	[7]
Total Financial Liabilities	571,157		597,203
Total [Member]
Assets
Money market investments	290,500	[1]	432,670	[2]
Marketable equity securities	457,031	[3]	380,087	[3]
Other current investments	38,188	[4]	38,851	[4]
Total Financial Assets	785,719		851,608
Liabilities:
Deferred compensation plan liabilities	62,358	[5]	62,297	[5]
7.25% unsecured notes	461,812	[6]	481,424	[6]
AUD Revolving credit borrowing	45,664	[6]	51,915	[6]
Interest rate swap	1,323	[7]	1,567	[7]
Total Financial Liabilities	$ 571,157		$ 597,203

[1] The Company’s money market investments are included in cash and cash equivalents.

[2] The Company’s money market investments are included in cash, cash equivalents and restricted cash.

[3] The Company’s investments in marketable equity securities are classified as available-for-sale.

[4] Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).

[5] Includes The Washington Post Company Deferred Compensation Plan and supplemental savings plan benefits under The Washington Post Company Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.

[6] See Note 6 for carrying amount of these notes and borrowing.

[7] Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

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Income Taxes (Income from Operations) (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income (Loss) from Operations before Extraordinary Items [Abstract]
Income from Continuing Operations Before Income Taxes	$ 75,534	$ 57,496	$ 89,479	$ 83,176

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Condensed Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Condensed Consolidated Statements of Comprehensive Income
Net Income	$ 45,134	$ 52,047	$ 50,393	$ 83,615
Foreign currency translation adjustments:
Translation adjustments arising during the period	(3,509)	(8,911)	(7,700)	(1,088)
Adjustment for sales of businesses with foreign operations	0	8	0	521
Total foreign currency translation adjustments, before tax	(3,509)	(8,903)	(7,700)	(567)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period	31,423	6,590	80,501	38,905
Reclassification adjustment for gain on available-for-sale securitird included in net income	(333)	(772)	(884)	(772)
Total unrealized gains on available-for-sale securities, before tax	31,090	5,818	79,617	38,133
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(384)	(470)	(821)	(921)
Amortization of net actuarial loss included in net income	2,004	2,590	4,321	4,247
Settlement gain included in net income	0	0	(3,471)	0
Total pension and other postretirement plans, before tax	1,620	2,120	29	3,326
Cash flow hedge gain (loss)	214	(1,342)	244	(1,377)
Other Comprehensive Income (Loss), Before Tax	29,415	(2,307)	72,190	39,515
Income tax expense related to items of other comprehensive income	(13,170)	(2,638)	(31,957)	(16,031)
Other Comprehensive Income (Loss), Net of Tax	16,245	(4,945)	40,233	23,484
Comprehensive Income	61,379	47,102	90,626	107,099
Comprehensive income attributable to noncontrolling interests	(254)	(17)	(372)	(107)
Total Comprehensive Income Attributable to The Washington Post Company	$ 61,125	$ 47,085	$ 90,254	$ 106,992

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Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

8.EARNINGS PER SHARE

The Company's earnings per share from continuing operations (basic and diluted) are presented below:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
(in thousands, except per share amounts)			2013		2012		2013		2012
Income from continuing operations attributable to The
	Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Less: Amount attributable to participating securities				(1,159)		(711)		(1,318)		(1,079)
Basic income from continuing operations attributable to
	The Washington Post Company common stockholders		$	43,516	$	35,352	$	49,461	$	48,443
Plus: Amount attributable to participating securities				1,159		711		1,318		1,079
Diluted income from continuing operations attributable to
	The Washington Post Company common stockholders		$	44,675	$	36,063	$	50,779	$	49,522
Basic weighted average shares outstanding				7,229		7,431		7,228		7,473
Plus: Effect of dilutive shares related to stock options and restricted stock				54		114		48		107
Diluted weighted average shares outstanding				7,283		7,545		7,276		7,580
Income Per Share from Continuing Operations Attributable
	to The Washington Post Company Common Stockholders:
		Basic	$	6.02	$	4.76	$	6.84	$	6.48
		Diluted	$	6.02	$	4.76	$	6.84	$	6.48

For the three and six months ended June 30, 2013 and 2012, the basic earnings per share computed under the two-class method is lower than the diluted earnings per share computed under the if-converted method for participating securities, resulting in the presentation of the lower amount in diluted earnings per share. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of63,000and 63,750stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of 51,300 restricted stock awards, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2012 exclude the effects of125,044 and113,294 stock options outstanding, respectively, as their inclusion would have been antidilutive.The diluted earnings per share amounts for the three and six months ended June 30, 2012 exclude the effects of 51,500 restricted stock awards, as their inclusion would have been antidilutive.

In the three and six months ended June 30, 2012, the Company declared regular dividends totaling $2.45 and $7.35 per share, respectively. In December 2012, the Company declared and paid an accelerated cash dividend totaling $9.80 per share, in lieu of regular quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013.

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash Flows from Operating Activities
Net Income	$ 50,393	$ 83,615
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	129,848	126,276
Amortization of intangible assets	7,030	8,738
Net pension expense	8,582	4,634
Early retirement program expense	22,700	1,022
Foreign exchange loss (gain)	17,236	(68)
Net loss (gain) on sales of businesses	70	(26,459)
Net gain on sales or write-downs of marketable equity securities and cost method investments	(696)	(7,375)
Equity in earnings of affiliates, net of distributions	(7,277)	(7,202)
Provision (benefit) for deferred income taxes	263	(11,698)
Net loss (gain) on sale of property, plant and equipment	377	(1,528)
Change in assets and liabilities:
Decrease in accounts receivable, net	29,608	32,736
Decrease (increase) in inventories	3,046	(102)
Decrease in accounts payable and accrued liabilities	(58,715)	(24,145)
Decrease in deferred revenue	(13,980)	(15,702)
Increase in income taxes payable	14,430	3,823
(Increase) decrease in other assets and other liabilities, net	(6,394)	2,292
Other	990	850
Net Cash Provided by Operating Activities	197,511	169,707
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(87,652)	(97,830)
Purchases of marketable equity securities and other investments	(10,754)	(46,133)
Net proceeds from sales of businesses, property, plant and equipment and other assets	5,341	73,959
Investments in certain businesses, net of cash acquired	(1,200)	(8,971)
Other	11	1,623
Net Cash Used in Investing Activities	(94,254)	(77,352)
Cash Flows from Financing Activities
Repayment of short-term borrowing	(240,121)	(109,671)
Common shares repurchased	(4,196)	(74,472)
Purchase of shares from a noncontrolling interest	(3,115)	0
Dividends paid	(437)	(37,775)
Other	23,216	11,438
Net Cash Used in Financing Activities	(224,653)	(210,480)
Effect of Currency Exchange Rate Change	(4,468)	1,145
Net Decrease in Cash and Cash Equivalents	(125,864)	(116,980)
Beginning Cash and Cash Equivalents	512,431	381,099
Ending Cash and Cash Equivalents	$ 386,567	$ 264,119

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Other Non-Operating Income (Expense) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Other Non-Operating Income (Expense) [Abstract]
Foreign currency (loss) gain, net	$ (12,622)	$ (2,592)	$ (17,236)	$ 68
Gain on sales of marketable equity securities	337	505	879	505
Gain (loss) on sales or write-downs of cost method investments, net	1	1,106	(178)	6,872
Other, net	(574)	346	(406)	508
Total Other Non-Operating (Expense) Income	$ (12,858)	$ (635)	$ (16,941)	$ 7,953

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Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Operating Revenues [Abstract]
Education	$ 548,230	$ 551,774	$ 1,076,045	$ 1,098,459
Advertising	186,702	186,486	349,850	354,044
Circulation and Subscriber	227,753	217,747	449,462	431,424
Other	59,166	33,096	105,599	60,677
Total Operating Revenues	1,021,851	989,103	1,980,956	1,944,604
Operating Costs and Expenses [Abstract]
Operating	469,319	461,788	921,300	922,088
Selling, general and administrative	392,294	397,465	806,850	805,571
Depreciation of property, plant and equipment	63,875	62,401	129,666	124,325
Amortization of intangible assets	3,313	4,428	7,030	8,301
Total Operating Costs and Expenses	928,801	926,082	1,864,846	1,860,285
Income from Operations	93,050	63,021	116,110	84,319
Equity in earnings of affiliates, net	3,868	3,314	7,286	7,202
Interest income	522	775	1,032	1,844
Interest expense	(9,048)	(8,979)	(18,008)	(18,142)
Other (expense) income, net	(12,858)	(635)	(16,941)	7,953
Income from Continuing Operations Before Income Taxes	75,534	57,496	89,479	83,176
Provision for Income Taxes	30,400	21,200	37,700	32,900
Income from Continuing Operations	45,134	36,296	51,779	50,276
Income (Loss) from Discontinued Operations, Net of Tax	0	15,751	(1,386)	33,339
Net Income	45,134	52,047	50,393	83,615
Net Income Attributable to Noncontrolling Interest	(253)	(11)	(350)	(81)
Net Income Attributable to The Washington Post Company	44,881	52,036	50,043	83,534
Redeemable Preferred Stock Dividends	(206)	(222)	(650)	(673)
Net Income Attributable to The Washington Post Company Common Stockholders	44,675	51,814	49,393	82,861
Amounts Attributable to The Washington Post Company Common Stockholders
Income from continuing operations	44,675	36,063	50,779	49,522
Income (loss) from discontinued operations, net of tax	0	15,751	(1,386)	33,339
Net income attributable to The Washington Post Company common stockholders	$ 44,675	$ 51,814	$ 49,393	$ 82,861
Per Share Information Attributable to The Washington Post Company Common Stockholders
Basic income per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Basic income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Basic net income per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87
Basic average number of common shares outstanding	7,229	7,431	7,228	7,473
Diluted income per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Diluted income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Diluted net income per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87
Diluted average number of common shares outstanding	7,283	7,545	7,276	7,580

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Earnings Per Share (Narrative) (Details) (USD $)	3 Months Ended	6 Months Ended	1 Months Ended	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Dec. 31, 2012 Accelerated dividends in lieu of regular quarterly dividends in 2013 [Member]	Jun. 30, 2013 Stock Option Plan [Member]	Jun. 30, 2012 Stock Option Plan [Member]	Jun. 30, 2013 Stock Option Plan [Member]	Jun. 30, 2012 Stock Option Plan [Member]	Jun. 30, 2013 Stock Awards [Member]	Jun. 30, 2012 Stock Awards [Member]	Jun. 30, 2013 Stock Awards [Member]	Jun. 30, 2012 Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities, shares				63,000	125,044	63,750	113,294	51,300	51,500	51,300	51,500
Dividends declared per common share	$ 2.45	$ 7.35	$ 9.80

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Other Non-Operating Income (Expense) (Tables)

6 Months Ended

Jun. 30, 2013

Other Non-Operating Income (Expense) [Abstract]

Summary of Other Non-Operating Income (Expense) [Table Text Block]

		Three Months Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
(in thousands)		2013		2012		2013		2012
Foreign currency (loss) gain, net		$	(12,622)	$	(2,592)	$	(17,236)	$	68
Gain on sales of marketable equity securities			337		505		879		505
Gain (loss) on sales or write-downs of cost method investments, net			1		1,106		(178)		6,872
Other, net			(574)		346		(406)		508
	Total Other Non-Operating (Expense) Income	$	(12,858)	$	(635)	$	(16,941)	$	7,953

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Investments (Tables)

6 Months Ended

Jun. 30, 2013

Investments [Abstract]

Investments in Marketable Equity Securities [Table Text Block]

	As of
	June 30,		December 31,
(in thousands)	2013		2012
Total cost	$	193,159	$	195,832
Net unrealized gains		263,872		184,255
Total Fair Value	$	457,031	$	380,087

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Goodwill and Other Intangible Assets (Other Intangible Assets) (Details) 2 (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Amortized intangible assets [Abstract]
Gross Carrying Amount	$ 126,931	$ 129,641
Accumulated Amortization	88,396	84,064
Net Carrying Amount	38,535	45,577
Indefinite Lived Intangible Assets Excluding Goodwill [Line Items]
Indefinite-Lived Intangible Assets, Net	539,728	539,728
Franchise Agreements [Member]
Indefinite Lived Intangible Assets Excluding Goodwill [Line Items]
Indefinite-Lived Intangible Assets, Net	496,321	496,321
Wireless Licenses [Member]
Indefinite Lived Intangible Assets Excluding Goodwill [Line Items]
Indefinite-Lived Intangible Assets, Net	22,150	22,150
Licensure and Accreditation [Member]
Indefinite Lived Intangible Assets Excluding Goodwill [Line Items]
Indefinite-Lived Intangible Assets, Net	7,371	7,371
Other [Member]
Indefinite Lived Intangible Assets Excluding Goodwill [Line Items]
Indefinite-Lived Intangible Assets, Net	13,886	13,886
Non-compete Agreements [Member]
Amortized intangible assets [Abstract]
Gross Carrying Amount	13,850	14,008
Accumulated Amortization	12,790	12,546
Net Carrying Amount	1,060	1,462
Non-compete Agreements [Member] | Minimum [Member]
Amortized intangible assets [Abstract]
Useful Life	2 years	2 years
Non-compete Agreements [Member] | Maximum [Member]
Amortized intangible assets [Abstract]
Useful Life	5 years	5 years
Student and Customer Relationships [Member]
Amortized intangible assets [Abstract]
Gross Carrying Amount	71,946	73,693
Accumulated Amortization	43,314	40,787
Net Carrying Amount	28,632	32,906
Student and Customer Relationships [Member] | Minimum [Member]
Amortized intangible assets [Abstract]
Useful Life	2 years	2 years
Student and Customer Relationships [Member] | Maximum [Member]
Amortized intangible assets [Abstract]
Useful Life	10 years	10 years
Databases and Technology [Member]
Amortized intangible assets [Abstract]
Gross Carrying Amount	6,457	6,457
Accumulated Amortization	6,457	5,707
Net Carrying Amount	0	750
Databases and Technology [Member] | Minimum [Member]
Amortized intangible assets [Abstract]
Useful Life	3 years	3 years
Databases and Technology [Member] | Maximum [Member]
Amortized intangible assets [Abstract]
Useful Life	5 years	5 years
Trade Names and Trademarks [Member]
Amortized intangible assets [Abstract]
Gross Carrying Amount	25,945	26,634
Accumulated Amortization	18,433	18,185
Net Carrying Amount	7,512	8,449
Trade Names and Trademarks [Member] | Minimum [Member]
Amortized intangible assets [Abstract]
Useful Life	2 years	2 years
Trade Names and Trademarks [Member] | Maximum [Member]
Amortized intangible assets [Abstract]
Useful Life	10 years	10 years
Other [Member]
Amortized intangible assets [Abstract]
Gross Carrying Amount	8,733	8,849
Accumulated Amortization	7,402	6,839
Net Carrying Amount	$ 1,331	$ 2,010
Other [Member] | Minimum [Member]
Amortized intangible assets [Abstract]
Useful Life	1 year	1 year
Other [Member] | Maximum [Member]
Amortized intangible assets [Abstract]
Useful Life	25 years	25 years

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Pension and Postretirement Plans (Obligation, Asset, and Funding Information) (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 12,710	$ 8,701	$ 26,075	$ 17,808
Interest cost	14,243	14,829	28,534	29,420
Supplemental Executive Retirement Plan (SERP) [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	430	366	859	733
Interest cost	1,023	1,061	2,046	2,121
Other Postretirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	728	779	1,455	1,557
Interest cost	$ 507	$ 684	$ 1,017	$ 1,368

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Subsequent Events (Details) (Subsequent Event [Member], USD $) In Millions, unless otherwise specified	Aug. 05, 2013
Subsequent Event [Line Items]
Number of days following closing to change corporate name	60 days
Sale of Publishing Subsidiaries [Member]
Subsequent Event [Line Items]
Additional amount to be transferred to Purchaser related to pension	$ 50
Letter Agreement aggregate purchase price for divestiture of business	250
Target cash amount related to purchase price adjustments	$ 8.5
Number of days from Letter Agreement to execute definitive Securities Purchase Agreement	60 days

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Property, Plant and Equipment (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Property, Plant and Equipment [Abstract]
Depreciation of property, plant and equipment	$ 63,875	$ 62,401	$ 129,666	$ 124,325

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Discontinued Operations (Operating Results After Reclassifying Certain Operations As Discontinued Operations) (Details 2) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Operating Revenues [Abstract]
Education	$ 548,230	$ 551,774	$ 1,076,045	$ 1,098,459
Advertising	186,702	186,486	349,850	354,044
Circulation and subscriber	227,753	217,747	449,462	431,424
Other	59,166	33,096	105,599	60,677
Total operating revenues	1,021,851	989,103	1,980,956	1,944,604
Operating Costs and Expenses [Abstract]
Operating	469,319	461,788	921,300	922,088
Selling, general and administrative	392,294	397,465	806,850	805,571
Depreciation of property, plant and equipment	63,875	62,401	129,666	124,325
Amortization of intangible assets	3,313	4,428	7,030	8,301
Total operating costs and expenses	928,801	926,082	1,864,846	1,860,285
Income (Loss) from Operations	93,050	63,021	116,110	84,319
Equity in earnings of affiliates, net	3,868	3,314	7,286	7,202
Interest income	522	775	1,032	1,844
Interest expense	(9,048)	(8,979)	(18,008)	(18,142)
Other income (expense), net	(12,858)	(635)	(16,941)	7,953
Income (Loss) From Continuing Operations Before Income Taxes	75,534	57,496	89,479	83,176
Provision for Income Taxes	30,400	21,200	37,700	32,900
Income (Loss) from Continuing Operations	45,134	36,296	51,779	50,276
Income (Loss) from Discontinued Operations, Net of Tax	0	15,751	(1,386)	33,339
Net Income (Loss)	45,134	52,047	50,393	83,615
Net (Income) Loss Attributable to Noncontrolling Interests	(253)	(11)	(350)	(81)
Net Income (Loss) Attributable to The Washington Post Company	44,881	52,036	50,043	83,534
Redeemable Preferred Stock Dividends	(206)	(222)	(650)	(673)
Net Income (Loss) Attributable to The Washington Post Company Common Stockholders	44,675	51,814	49,393	82,861
Amounts Attributable to The Washington Post Company Common Stockholders
Income (loss) from continuing operations	44,675	36,063	50,779	49,522
Income (Loss) from Discontinued Operations, Net of Tax	0	15,751	(1,386)	33,339
Net Income (Loss) Attributable to The Washington Post Company Common Stockholders	$ 44,675	$ 51,814	$ 49,393	$ 82,861
Per Share Information Attributable to The Washington Post Company Common Stockholders
Basic income (loss) per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Basic income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Basic net income (loss) per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87
Diluted income (loss) per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Diluted income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Diluted net income (loss) per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87

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Investments (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Investments in marketable equity securities			$ 0	$ 45,000,000
Proceeds from sales of marketable equity securities			3,600,000	2,000,000
Gain on sales of marketable equity securities	337,000	505,000	879,000	505,000
Company's investments in marketable equity securities	457,031,000		457,031,000		380,087,000
Unrealized loss on investment	263,872,000		263,872,000		184,255,000
Strayer Education Inc. [Member]
Unrealized loss on investment	$ (3,500,000)		$ (3,500,000)

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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements [Text Block]

7. FAIR VALUE MEASUREMENTS

Fair value measurements are determined based on the assumptions that a market participant would use in pricing an asset or liability based on a three-tiered hierarchy that draws a distinction between market participant assumptions based on (i) observable inputs, such as quoted prices in active markets (Level 1); (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2); and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measure. The Company's assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.

The Company's financial assets and liabilities measured at fair value on a recurring basiswere as follows:

(in thousands)			Level 1		Level 2		Total
As of June 30, 2013
Assets
	Money market investments (1)		$	―	$	290,500	$	290,500
	Marketable equity securities (3)			457,031		―		457,031
	Other current investments (4)			14,978		23,210		38,188
		Total Financial Assets	$	472,009	$	313,710	$	785,719
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,358	$	62,358
	7.25% unsecured notes (6)			―		461,812		461,812
	AUD revolving credit borrowing (6)			―		45,664		45,664
	Interest rate swap (7)			―		1,323		1,323
		Total Financial Liabilities	$	―	$	571,157	$	571,157

As of December 31, 2012
Assets
	Money market investments (2)		$	―	$	432,670	$	432,670
	Marketable equity securities (3)			380,087		―		380,087
	Other current investments (4)			14,134		24,717		38,851
		Total Financial Assets	$	394,221	$	457,387	$	851,608
Liabilities
	Deferred compensation plan liabilities (5)		$	―	$	62,297	$	62,297
	7.25% unsecured notes (6)			―		481,424		481,424
	AUD revolving credit borrowing (6)			―		51,915		51,915
	Interest rate swap (7)			―		1,567		1,567
		Total Financial Liabilities	$	―	$	597,203	$	597,203

____________

(1)The Company's money market investments are included in cash and cash equivalents.

(2)The Company's money market investments are included in cash, cash equivalents and restricted cash.

(3)The Company's investments in marketable equity securities are classified as available-for-sale.

(4)Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).

(5)Includes The Washington Post Company Deferred Compensation Plan and supplemental savings plan benefits under The Washington Post Company Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.

(6)See Note 6 for carrying amount of these notes and borrowing.

(7)Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

For assets that are measured using quoted prices in active markets, the total fair value is the published market price per unit multiplied by the number of units held without consideration of transaction costs. Assets and liabilities that are measured using significant other observable inputs are primarily valued by reference to quoted prices of similar assets or liabilities in active markets, adjusted for any terms specific to that asset or liability.

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Contingencies (Details)	Jun. 30, 2013 claims
Number of existing legal claims or proceedings that are likely to have a material effect on the Company's business	0
Portion of regulations under 90/10 rule	a KHE OPEID unit would lose its eligibility to participate in Title IV programs for a period of at least two fiscal years if it derives more than 90% of its receipts from Title IV programs, as calculated on a cash basis in accordance with the Higher Education Act and applicable DOE regulations, in each of two consecutive fiscal years, commencing with the unit’s first fiscal year that ends after August 14, 2008. Any OPEID unit with Title IV receipts exceeding 90% for a single fiscal year ending after August 14, 2008, will be placed on provisional certification and may be subject to other enforcement measures.
Higher Education [Member]
Management's estimated outcome absent adoption of changes	at least 10 of the KHE Campuses’ OPEID units, representing approximately 11% of KHE’s 2012 revenues, could have a 90/10 ratio over 90%
Title IV participating institutions including Kaplan University and Broomall, PA [Member]
Number of pending DOE program reviews	6

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Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Summary of Other Comprehensive Income (Loss) [Table Text Block]

			Three Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(3,509)	$	―	$	(3,509)	$	(8,911)	$	―	$	(8,911)
	Adjustment for sales of businesses with foreign operations			―		―		―		8		―		8
				(3,509)		―		(3,509)		(8,903)		―		(8,903)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			31,423		(12,569)		18,854		6,590		(2,637)		3,953
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(333)		133		(200)		(772)		309		(463)
				31,090		(12,436)		18,654		5,818		(2,328)		3,490
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(384)		153		(231)		(470)		189		(281)
	Amortization of net actuarial loss included in net income			2,004		(801)		1,203		2,590		(1,037)		1,553
				1,620		(648)		972		2,120		(848)		1,272
Cash flow hedge:
	Gain (loss) for the period			214		(86)		128		(1,342)		538		(804)
Other Comprehensive Income (Loss)			$	29,415	$	(13,170)	$	16,245	$	(2,307)	$	(2,638)	$	(4,945)

			Six Months Ended June 30,
			2013							2012
			Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)			Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
	Translation adjustments arising during the period		$	(7,700)	$	―	$	(7,700)	$	(1,088)	$	―	$	(1,088)
	Adjustment for sales of businesses with foreign operations			―		―		―		521		―		521
				(7,700)		―		(7,700)		(567)		―		(567)
Unrealized gains on available-for-sale securities:
	Unrealized gains for the period			80,501		(32,200)		48,301		38,905		(15,562)		23,343
	Reclassification adjustment for gain on available-for-sale
		securities included in net income		(884)		353		(531)		(772)		309		(463)
				79,617		(31,847)		47,770		38,133		(15,253)		22,880
Pension and other postretirement plans:
	Amortization of net prior service credit included in net income			(821)		328		(493)		(921)		369		(552)
	Amortization of net actuarial loss included in net income			4,321		(1,728)		2,593		4,247		(1,699)		2,548
	Settlement gain included in net income			(3,471)		1,388		(2,083)		―		―		―
				29		(12)		17		3,326		(1,330)		1,996
Cash flow hedge:
	Gain (loss) for the period			244		(98)		146		(1,377)		552		(825)
Other Comprehensive Income			$	72,190	$	(31,957)	$	40,233	$	39,515	$	(16,031)	$	23,484

Summary of Changes in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

			Cumulative				Unrealized Gain
			Foreign				on Pensions				Accumulated
			Currency		Unrealized Gain		and Other				Other
			Translation		on Available-for-		Postretirement		Cash Flow		Comprehensive
(in thousands, net of taxes)			Adjustment		Sale Securities		Plans		Hedge		Income
Balance as of December 31, 2012			$	26,072	$	110,553	$	117,169	$	(940)	$	252,854
	Other comprehensive income (loss) before
		reclassifications		(7,700)		48,301		―		(84)		40,517
	Net amount reclassified from accumulated
		other comprehensive income		―		(531)		17		230		(284)
	Net other comprehensive income (loss)			(7,700)		47,770		17		146		40,233
Balance as of June 30, 2013			$	18,372	$	158,323	$	117,186	$	(794)	$	293,087

Summary of Amounts and Line Items of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

		Amount Reclassified from Accumulated Other Comprehensive Income
		Three Months Ended				Six Months Ended				Affected Line Item in the
		June 30,				June 30,				Condensed Consolidated
(in thousands)		2013		2012		2013		2012		Statement of Operations
Unrealized Gains (Losses) on Available-for-sale Securities:
	Realized gains for the period	$	(333)	$	(772)	$	(884)	$	(772)	Other (expense) income, net
			133		309		353		309	Provision for Income Taxes
			(200)		(463)		(531)		(463)	Net of Tax
Pension and Other Postretirement Plans
	Amortization of net prior service credit		(384)		(470)		(821)		(921)	(1)
	Amortization of net actuarial loss		2,004		2,590		4,321		4,247	(1)
	Settlement gain		―		―		(3,471)		―	(1)
			1,620		2,120		29		3,326	Before tax
			(648)		(848)		(12)		(1,330)	Provision for Income Taxes
			972		1,272		17		1,996	Net of Tax
Cash Flow Hedge
			197		35		383		35	Interest expense
			(79)		(14)		(153)		(14)	Provision for Income Taxes
			118		21		230		21	Net of Tax
Total reclassification for the period		$	890	$	830	$	(284)	$	1,554	Net of Tax

____________

(1)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9).

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Goodwill and Other Intangible Assets (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Amortization of Intangible Assets
Amortization of intangible assets	$ 3,313,000	$ 4,428,000	$ 7,030,000	$ 8,301,000
Estimated amortization of intangible assets, remainder of 2013	6,000,000		6,000,000
Estimated amortization of intangible assets, 2014	9,000,000		9,000,000
Estimated amortization of intangible assets, 2015	7,000,000		7,000,000
Estimated amortization of intangible assets, 2016	6,000,000		6,000,000
Estimated amortization of intangible assets, 2017	4,000,000		4,000,000
Estimated amortization of intangible assets, 2018	4,000,000		4,000,000
Estimated amortization of intangible assets, after 2018	$ 3,000,000		$ 3,000,000

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Other Non-Operating Income (Expense)

6 Months Ended

Jun. 30, 2013

Other Non-Operating Income (Expense) [Abstract]

Other Non-Operating Income (Expense) [Text Block]

10. OTHER NON-OPERATINGINCOME (EXPENSE)

A summary of non-operating(expense)income is as follows:

		Three Months Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
(in thousands)		2013		2012		2013		2012
Foreign currency (loss) gain, net		$	(12,622)	$	(2,592)	$	(17,236)	$	68
Gain on sales of marketable equity securities			337		505		879		505
Gain (loss) on sales or write-downs of cost method investments, net			1		1,106		(178)		6,872
Other, net			(574)		346		(406)		508
	Total Other Non-Operating (Expense) Income	$	(12,858)	$	(635)	$	(16,941)	$	7,953

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Debt

6 Months Ended

Jun. 30, 2013

Debt [Abstract]

Debt [Text Block]

6. DEBT

The Company's borrowings consist of the following:

	As of
	June 30,		December 31,
(in thousands)	2013		2012
7.25% unsecured notes due February 1, 2019	$	397,686	$	397,479
USD Revolving credit borrowing		―		240,121
AUD Revolving credit borrowing		45,664		51,915
Other indebtedness		6,683		7,196
Total Debt		450,033		696,711
Less: current portion		(3,129)		(243,327)
Total Long-Term Debt	$	446,904	$	453,384

The Company's other indebtedness at June 30, 2013 andDecember 31, 2012is atinterest ratesfrom 0% to 6% and matures from 2013 to 2017.

During the three months endedJune 30, 2013 and 2012, the Company had average borrowings outstanding of approximately $454.1 million and $455.5million, respectively, at average annual interest rates of approximately 7.0%. During the three months ended June 30, 2013 and 2012, the Company incurred net interest expense of $8.5 million and $8.2 million, respectively.

During the six months endedJune 30, 2013 and 2012, the Company had average borrowings outstanding of approximately $489.5 million and $472.0 million, respectively, at average annual interest rates of approximately 7.0%. During the six months ended June 30, 2013 and 2012, the Company incurred net interest expense of $17.0 million and $16.3 million, respectively.

At June 30, 2013, the fair value of the Company's 7.25% unsecured notes, based on quoted market prices, totaled $461.8million, compared with the carrying amount of $397.7 million. At December 31, 2012, the fair value of the Company's 7.25% unsecured notes, based on quoted market prices, totaled $481.4million, compared with the carrying amount of $397.5 million. The carrying value of the Company's other unsecured debt at June 30, 2013 approximates fair value.

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Organization, Basis of Presentation and Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2013

Organization, Basis Of Presentation And Recent Accounting Pronouncements [Abstract]

Organization, Basis of Presentation and Recent Accounting Pronouncements

1. ORGANIZATION, BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS

The Washington Post Company, Inc. (the Company) is a diversified education and media company. The Company's Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States. The Company's media operations consist of the ownership and operation of cable television systems, newspaper publishing (principally The Washington Post), and television broadcasting (through the ownership and operation of six television broadcast stations).

Financial Periods – The Company and its subsidiaries report on a calendar-quarter basis, with the exception of most of the newspaper publishing operations, which report on a thirteen week quarter ending on the Sunday nearest the calendar quarter-end.

Basis of Presentation – The accompanying condensed consolidated financial statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States of America (GAAP) for interim financial information; (ii) the instructions to Form 10-Q; and (iii) the guidance of Rule 10-01 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, for financial statements required to be filed with the Securities and Exchange Commission (SEC). They include the assets, liabilities, results of operations and cash flows of the Company, including its domestic and foreign subsidiaries that are more than 50% owned or otherwise controlled by the Company. As permitted under such rules, certain notes and other financial information normally required by GAAP have been condensed or omitted. Management believes the accompanying condensed consolidated financial statements reflect all normal and recurring adjustments necessary for a fair presentation of the Company's financial position, results of operations, and cash flows as of and for the periods presented herein. The Company's results of operations for the threeand sixmonths ended June 30, 2013 and 2012 may not be indicative of the Company's future results. These condensed consolidated financial statements are unaudited and should be read in conjunction with the Company's audited consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP.

Certain amounts in previously issued financial statements have been reclassified to conform to the current year presentation, which includes the reclassification of the results of operations of certain businesses as discontinued operations for all periods presented.

Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements – The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates.

Recently Adopted and Issued Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (FASB) issued final guidance on the presentation of reclassifications out of other comprehensive income to net income. The amendment requires an entity to provide information about the amounts reclassified out of other comprehensive income by component. In addition, an entity is required to present, either on the face of the income statement or in a footnote, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, only if the amount reclassified is required by GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide detail about those amounts. This amendment is effective for interim and fiscal years beginning after December 15, 2012. The adoption of the amendment in the first quarter of 2013 is reflected in the Company's Notes to Condensed Consolidated Financial Statements.

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Earnings Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Income from continuing operations attributable to The Washington Post Company common stockholders	$ 44,675	$ 36,063	$ 50,779	$ 49,522
Less: Amount attributable to participating securities	(1,159)	(711)	(1,318)	(1,079)
Basic income from continuing operations attributable to The Washington Post Company common stockholders	43,516	35,352	49,461	48,443
Plus: Amount attributable to participating securities	1,159	711	1,318	1,079
Diluted income from continuing operations attributable to The Washington Post Company common stockholders	$ 44,675	$ 36,063	$ 50,779	$ 49,522
Basic weighted average shares outstanding	7,229	7,431	7,228	7,473
Plus: Effect of dilutive shares related to stock options and restricted stock	54	114	48	107
Diluted weighted average shares outstanding	7,283	7,545	7,276	7,580
Income Per Share From Continuing Operations To Common Stockholders [Abstract]
Basic	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Diluted	$ 6.02	$ 4.76	$ 6.84	$ 6.48

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Income Taxes (Income Tax Reconciliation) (Details 3) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Tax Reconciliation [Line Items]
Total provision for income tax	$ 30,400	$ 21,200	$ 37,700	$ 32,900

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Discontinued Operations (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended	3 Months Ended		1 Months Ended	0 Months Ended	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Feb. 29, 2012 Sale of Kaplan Learning Technologies [Member] Education [Member]	Jun. 30, 2012 Sale of Kaplan EduNeering [Member] Education [Member]	Mar. 31, 2012 Sales of Kaplan EduNeering and Kaplan Learning Technologies [Member] Education [Member]	Aug. 31, 2012 Sale of Kidum [Member] Education [Member]	Jul. 31, 2012 Disposition of Avenue 100 Media Solutions Inc. [Member] Other Businesses [Member]	Sep. 30, 2012 Disposition of Avenue 100 Media Solutions Inc. [Member] Other Businesses [Member]
Pre-tax gain (loss) on sale and/or disposition	$ 0	$ 29,541,000	$ (70,000)	$ 26,459,000				$ 3,600,000	$ (5,700,000)
After-tax gain (loss) on sale and/or disposition					(1,900,000)	18,500,000		10,200,000
Income tax benefits in connection with sales and/or dispositions of businesses							$ 23,200,000			$ 44,500,000

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Summary of Quarterly Operating Results and Comprehensive Income (Unaudited) (Quarterly Results) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Operating Revenues [Abstract]
Education	$ 548,230	$ 551,774	$ 1,076,045	$ 1,098,459
Advertising	186,702	186,486	349,850	354,044
Circulation and subscriber	227,753	217,747	449,462	431,424
Other	59,166	33,096	105,599	60,677
Total operating revenues	1,021,851	989,103	1,980,956	1,944,604
Operating Costs and Expenses [Abstract]
Operating	469,319	461,788	921,300	922,088
Selling, general and administrative	392,294	397,465	806,850	805,571
Depreciation of property, plant and equipment	63,875	62,401	129,666	124,325
Amortization of intangible assets	3,313	4,428	7,030	8,301
Total operating costs and expenses	928,801	926,082	1,864,846	1,860,285
Income (Loss) from Operations	93,050	63,021	116,110	84,319
Equity in earnings of affiliates, net	3,868	3,314	7,286	7,202
Interest income	522	775	1,032	1,844
Interest expense	(9,048)	(8,979)	(18,008)	(18,142)
Other income (expense), net	(12,858)	(635)	(16,941)	7,953
Income from Continuing Operations Before Income Taxes	75,534	57,496	89,479	83,176
Provision for Income Taxes	30,400	21,200	37,700	32,900
Income (Loss) from Continuing Operations	45,134	36,296	51,779	50,276
Income (Loss) from Discontinued Operations, Net of Tax	0	15,751	(1,386)	33,339
Net Income (Loss)	45,134	52,047	50,393	83,615
Net (Income) Loss Attributable to Noncontrolling Interests	(253)	(11)	(350)	(81)
Net Income (Loss) Attributable to The Washington Post Company	44,881	52,036	50,043	83,534
Redeemable Preferred Stock Dividends	(206)	(222)	(650)	(673)
Net Income (Loss) Attributable to The Washington Post Company Common Stockholders	44,675	51,814	49,393	82,861
Amounts Attributable to The Washington Post Company Common Stockholders
Income from continuing operations	44,675	36,063	50,779	49,522
Income (loss) from discontinued operations, net of tax	0	15,751	(1,386)	33,339
Net income (loss) attributable to The Washington Post Company common stockholders	$ 44,675	$ 51,814	$ 49,393	$ 82,861
Per Share Information Attributable to The Washington Post Company Common Stockholders
Basic income (loss) per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Basic income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Basic net income (loss) per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87
Diluted income (loss) per common share from continuing operations	$ 6.02	$ 4.76	$ 6.84	$ 6.48
Diluted income (loss) per common share from discontinued operations	$ 0	$ 2.08	$ (0.18)	$ 4.39
Diluted net income (loss) per common share	$ 6.02	$ 6.84	$ 6.66	$ 10.87
Average number of common shares outstanding, basic	7,229	7,431	7,228	7,473
Average number of common shares outstanding, diluted	7,283	7,545	7,276	7,580

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Accumulated Other Comprehensive Income (Loss) (Components of OCI) (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Foreign currency translation adjustments:
Translation adjustments arising during the period, before tax	$ (3,509)	$ (8,911)	$ (7,700)	$ (1,088)
Translation adjustments arising during the period, income tax	0	0	0	0
Translation adjustments arising during the period, after tax	(3,509)	(8,911)	(7,700)	(1,088)
Adjustment for sales of businesses with foreign operations, before tax	0	8	0	521
Adjustment for sales of businesses with foreign operations, income tax	0	0	0	0
Adjustment for sales of businesses with foreign operations, after tax	0	8	0	521
Total foreign currency translation adjustments, before tax	(3,509)	(8,903)	(7,700)	(567)
Total foreign currency translation adjustments, income tax	0	0	0	0
Total foreign currency translation adjustments, after tax	(3,509)	(8,903)	(7,700)	(567)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, before tax	31,423	6,590	80,501	38,905
Unrealized gains for the period, tax	(12,569)	(2,637)	(32,200)	(15,562)
Unrealized gains for the period, after tax	18,854	3,953	48,301	23,343
Reclassification adjustment for gain on available-for-sale securities included in net income, before tax	(333)	(772)	(884)	(772)
Reclassification adjustment for gain on available-for-sale securities included in net income, income tax	133	309	353	309
Reclassification adjustment for gain on available-for-sale securities included in net income, after tax	(200)	(463)	(531)	(463)
Total unrealized gains on available-for-sale securities, before tax	31,090	5,818	79,617	38,133
Total unrealized gains on available-for-sale securities, income tax	(12,436)	(2,328)	(31,847)	(15,253)
Total unrealized gains on available-for-sale securities, after tax	18,654	3,490	47,770	22,880
Pension and other postretirement plans:
Amortization of net prior service credit included in net income, before tax	(384)	(470)	(821)	(921)
Amortization of net prior service credit included in net income, income tax	153	189	328	369
Amortization of net prior service credit included in net income, after tax	(231)	(281)	(493)	(552)
Amortization of net actuarial loss included in net income, before tax	2,004	2,590	4,321	4,247
Amortization of net actuarial loss included in net income, income tax	(801)	(1,037)	(1,728)	(1,699)
Amortization of net actuarial loss included in net income, after tax	1,203	1,553	2,593	2,548
Settlement gain included in net income, before tax	0	0	(3,471)	0
Settlement gain included in net income, income tax			1,388	0
Settlement gain included in net income, after tax			(2,083)	0
Total pension and other postretirement plans, before tax	1,620	2,120	29	3,326
Total pension and other postretirement plans, income tax	(648)	(848)	(12)	(1,330)
Total pension and other postretirement plans, after tax	972	1,272	17	1,996
Cash flow hedge:
Gain (loss) for the period, before tax	214	(1,342)	244	(1,377)
Gain (loss) for the period, income tax	(86)	538	(98)	552
Gain (loss) for the period, after tax	128	(804)	146	(825)
Other Comprehensive Income, before tax	29,415	(2,307)	72,190	39,515
Other Comprehensive Income, income tax	(13,170)	(2,638)	(31,957)	(16,031)
Other Comprehensive Income, after tax	$ 16,245	$ (4,945)	$ 40,233	$ 23,484

XML

Business Segments

6 Months Ended

Jun. 30, 2013

Business Segments [Abstract]

Business Segments [Text Block]

13. BUSINESS SEGMENTS

The Company has seven reportable segments: Kaplan Higher Education, Kaplan Test Preparation, Kaplan International, cable television, newspaper publishing, and television broadcasting and other businesses.

Education.Kaplan's Colloquy business moved from Kaplan International to Kaplan Corporate effective January 1, 2013. Segment operating results of the education division have been restated to reflect this change.

In the second quarter of 2012, Kaplan International results benefitted from a favorable net $1.9 million adjustment. This included a $2.0 million adjustment to increase liabilities assumed in a 2011 acquisition and a favorable $3.9 million out of period expense adjustment related to certain items recorded in 2011 and 2010. With respect to the $3.9 million out of period expense adjustment, the Company has concluded that it was not material to the Company's financial position or results of operations for 2012, 2011 and 2010 and the related interim periods, based on its consideration of quantitative and qualitative factors.

NewspaperPublishing. In March 2013, the Company completed the sale of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. As a result, The Herald results are included in discontinued operations, net of tax, for all periods presented. The newspaper publishing segment operating results have been restated to reflect this change.

The following table summarizes financial information related to each of the Company's business segments:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Education	$	548,230	$	551,774	$	1,076,045	$	1,098,459
	Cable television		204,550		195,579		404,688		385,789
	Newspaper publishing		138,423		139,228		265,687		271,678
	Television broadcasting		99,320		95,591		184,590		177,088
	Other businesses		31,419		7,177		50,310		11,945
	Corporate office		―		―		―		―
	Intersegment elimination		(91)		(246)		(364)		(355)
		$	1,021,851	$	989,103	$	1,980,956	$	1,944,604
Income (Loss) from Operations
	Education	$	23,726	$	3,728	$	19,670	$	(8,187)
	Cable television		44,710		38,446		81,323		71,223
	Newspaper publishing		(14,827)		(12,614)		(49,299)		(33,226)
	Television broadcasting		47,704		43,728		83,066		74,727
	Other businesses		(4,510)		(6,775)		(10,623)		(11,418)
	Corporate office		(3,753)		(3,492)		(8,027)		(8,800)
		$	93,050	$	63,021	$	116,110	$	84,319
Equity in Earnings of Affiliates, Net			3,868		3,314		7,286		7,202
Interest Expense, Net			(8,526)		(8,204)		(16,976)		(16,298)
Other (Expense) Income, Net			(12,858)		(635)		(16,941)		7,953
Income from Continuing Operations Before Income Taxes		$	75,534	$	57,496	$	89,479	$	83,176
Depreciation of Property, Plant and Equipment
	Education	$	20,064	$	21,011	$	42,652	$	41,728
	Cable television		33,964		32,234		67,697		64,431
	Newspaper publishing		6,201		5,934		12,216		11,819
	Television broadcasting		3,151		3,222		6,296		6,347
	Other businesses		435		―		745		―
	Corporate office		60		―		60		―
		$	63,875	$	62,401	$	129,666	$	124,325
Amortization of Intangible Assets
	Education	$	2,363	$	3,803	$	4,881	$	7,039
	Cable television		57		53		107		107
	Newspaper publishing		150		172		300		355
	Television broadcasting		―		―		―		―
	Other businesses		743		400		1,742		800
	Corporate office		―		―		―		―
		$	3,313	$	4,428	$	7,030	$	8,301
Net Pension Expense (Credit)
	Education	$	4,231	$	1,969	$	8,337	$	4,361
	Cable television		913		514		1,795		1,044
	Newspaper publishing		16,811		7,717		39,740		16,257
	Television broadcasting		1,213		1,055		2,501		2,015
	Other businesses		83		10		159		20
	Corporate office		(10,617)		(8,896)		(21,283)		(18,194)
		$	12,634	$	2,369	$	31,249	$	5,503

Identifiable assets for the Company's business segments consist of the following:

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable Assets
	Education	$	1,624,982	$	1,988,015
	Cable television		1,192,679		1,187,603
	Newspaper publishing		255,196		280,323
	Television broadcasting		379,727		374,075
	Other businesses		72,388		81,211
	Corporate office		335,328		193,397
		$	3,860,300	$	4,104,624
Investments in Marketable Equity Securities			457,031		380,087
Investments in Affiliates			27,386		15,535
Prepaid Pension Cost			579,303		604,823
Total Assets		$	4,924,020	$	5,105,069

The Company's education division comprises the following operating segments:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)		2013		2012		2013		2012
Operating Revenues
	Higher education	$	273,092	$	290,861	$	544,952	$	599,245
	Test preparation		85,690		79,787		154,633		142,616
	Kaplan international		187,968		179,141		372,781		352,704
	Kaplan corporate and other		1,669		3,090		4,273		6,474
	Intersegment elimination		(189)		(1,105)		(594)		(2,580)
		$	548,230	$	551,774	$	1,076,045	$	1,098,459
Income (Loss) from Operations
	Higher education	$	22,534	$	5,860	$	27,635	$	14,819
	Test preparation		7,831		2,706		3,486		(7,513)
	Kaplan international		6,490		9,788		12,887		13,928
	Kaplan corporate and other		(13,223)		(14,787)		(24,563)		(29,776)
	Intersegment elimination		94		161		225		355
		$	23,726	$	3,728	$	19,670	$	(8,187)
Depreciation of Property, Plant and Equipment
	Higher education	$	10,741	$	11,673	$	24,180	$	23,430
	Test preparation		4,866		4,449		9,624		8,764
	Kaplan international		4,116		4,471		8,112		8,649
	Kaplan corporate and other		341		418		736		885
		$	20,064	$	21,011	$	42,652	$	41,728
Amortization of Intangible Assets		$	2,363	$	3,803	$	4,881	$	7,039
Pension Expense
	Higher education	$	2,807	$	1,587	$	5,614	$	3,174
	Test preparation		641		414		1,281		827
	Kaplan international		87		(11)		174		1
	Kaplan corporate and other		696		(21)		1,268		359
		$	4,231	$	1,969	$	8,337	$	4,361

Identifiable assets for the Company's education division consist of the following:

		As of
		June 30,		December 31,
(in thousands)		2013		2012
Identifiable assets
	Higher education	$	603,890	$	949,260
	Test preparation		185,196		197,672
	Kaplan international		794,153		818,613
	Kaplan corporate and other		41,743		22,470
		$	1,624,982	$	1,988,015

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Pension and Postretirement Plans

6 Months Ended

Jun. 30, 2013

Pension and Postretirement Plans [Abstract]

Pension and Postretirement Plans [Text Block]

9. PENSION AND POSTRETIREMENT PLANS

Defined Benefit Plans. The total cost arising from the Company's defined benefit pension plans, including a portion included in discontinued operations, consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	12,710	$	8,701	$	26,075	$	17,808
Interest cost		14,243		14,829		28,534		29,420
Expected return on assets		(25,467)		(24,510)		(51,789)		(48,522)
Amortization of prior service cost		909		919		1,818		1,856
Recognized actuarial loss		1,797		2,503		3,944		4,072
Net Periodic Cost		4,192		2,442		8,582		4,634
Early retirement programs expense		8,442		―		22,700		1,022
Total Cost	$	12,634	$	2,442	$	31,282	$	5,656

The Company announced a Voluntary Retirement Incentive Program in February 2013, which was offered to certain employees of the Washington Post newspaper. The total early retirement program expensefor this program for the six months ended June 30, 2013was $20.4 million. Of this amount, $12.0 million was recorded in the first quarter of 2013 and $8.4 millionwas recorded in the second quarter of 2013. In addition, the Washington Post newspaper recorded $2.3 million in special separation benefits for a group of employees in the first quarter of 2013. The early retirement program expense and special separation benefits for these programs are being funded from the assets of the Company's pension plan.

In the first quarter of 2012, the Company offered a Voluntary Retirement Incentive Program to certain employees of Post-Newsweek Media and recorded early retirement program expense of $1.0 million. The early retirement program expense for these programs was funded from the assets of the Company's pension plan.

The total cost arising from the Company's Supplemental Executive Retirement Plan (SERP) consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	430	$	366	$	859	$	733
Interest cost		1,023		1,061		2,046		2,121
Amortization of prior service cost		13		13		27		27
Recognized actuarial loss		711		459		1,422		917
Total Cost	$	2,177	$	1,899	$	4,354	$	3,798

Defined Benefit Plan Assets. The Company's defined benefit pension obligations are funded by a portfolio made up of a relatively small number of stocks and high-quality fixed-income securities that are held by a third-party trustee. The assets of the Company's pension plan were allocated as follows:

	As of
	June 30,			December 31,
	2013			2012
U.S. equities		62	%		64	%
U.S. fixed income		13	%		13	%
International equities		25	%		23	%
		100	%		100	%

Essentially all of the assets are actively managed by two investment companies. The goal of the investment managers is to produce moderate long-term growth in the value of these assets, while protecting them against large decreases in value. Both of these managers may invest in a combination of equity and fixed-income securities and cash. The managers are not permitted to invest in securities of the Company or in alternative investments. The investment managers cannot invest more than 20% of the assets at the time of purchase in the stock of Berkshire Hathaway or more than 10% of the assets in the securities of any other single issuer, except for obligations of the U.S. Government, without receiving prior approval by the Plan administrator. As of June 30, 2013, the managers can invest no more than 24% of the assets in international stocks at the time the investment is made, and no less than 10% of the assets could be invested in fixed-income securities. None of the assets is managed internally by the Company.

In determining the expected rate of return on plan assets, the Company considers the relative weighting of plan assets, the historical performance of total plan assets and individual asset classes and economic and other indicators of future performance. In addition, the Company may consult with and consider the input of financial and other professionals in developing appropriate return benchmarks.

The Company evaluated its defined benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of June 30, 2013. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At June 30, 2013 and December 31, 2012, the pension plan held common stock in one investment that exceeded 10% of total plan assets. This investment was valued at $321.2 million and $223.1 million at June 30, 2013 and December 31, 2012, respectively, or approximately 14%and 11%, respectively, of total plan assets.Assets also included $226.2 million and $179.9 million of Berkshire Hathaway common stock at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013and December 31, 2012, the pension plan held investments in one foreign country that exceeded 10% of total plan assets. These investments were valued at $337.4 million and $240.4 million at June 30, 2013 and December 31, 2012, respectively, or approximately 14%and 12%, respectively,of total plan assets.

Other Postretirement Plans. The total benefit arising from the Company's other postretirement plans, including a portion included in discontinued operations, consists of the following components:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Service cost	$	728	$	779	$	1,455	$	1,557
Interest cost		507		684		1,017		1,368
Amortization of prior service credit		(1,306)		(1,402)		(2,666)		(2,804)
Recognized actuarial gain		(504)		(370)		(1,045)		(740)
Net Periodic Benefit		(575)		(309)		(1,239)		(619)
Settlement gain		―		―		(3,471)		―
Total Periodic Benefit	$	(575)	$	(309)	$	(4,710)	$	(619)

As part of the sale of The Herald, changes were made with respect to its postretirement medical plan, resulting in a $3.5 million settlement gain that is included in discontinued operations, net of tax, for the first quarter of 2013.

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations [Abstract]

Summarized Income (Loss) from Discontinued Operations, Net Of Tax [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2013		2012		2013		2012
Operating revenues	$	―	$	17,908	$	3,461	$	41,079
Operating costs and expenses		―		(22,068)		(5,477)		(49,412)
Loss from discontinued operations		―		(4,160)		(2,016)		(8,333)
Benefit from income taxes		―		(1,370)		(676)		(2,759)
Net Loss from Discontinued Operations		―		(2,790)		(1,340)		(5,574)
Gain (loss) on sales of discontinued operations		―		29,541		(70)		26,459
Provision (benefit) for income taxes on sales of discontinued operations		―		11,000		(24)		(12,454)
Income (Loss) from Discontinued Operations, Net of Tax	$	―	$	15,751	$	(1,386)	$	33,339

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Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

14.SUBSEQUENT EVENTS

On August 5, 2013, after approval by the Company's Board of Directors on the same day, the Company entered into a binding letter agreement (the Letter Agreement) with Nash Holdings LLC, a Delaware limited liability company (the Purchaser), and Explore Holdings LLC, a Washington limited liability company, as guarantor (the Guarantor), pursuant to which the Purchaser will acquire all the issued and outstanding equity securities of each of WP Company LLC, Express Publications Company, LLC, El Tiempo Latino, LLC, Robinson Terminal Warehouse, LLC, Greater Washington Publishing, LLC and Post-Newsweek Media, LLC (the Publishing Subsidiaries). The Publishing Subsidiaries together conduct most of the Company's publishing businesses, including publishing The Washington Post, Express, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times and El Tiempo Latino and related websites, and operating Washington Post Live and Washington Post News Media Services and the Company's commercial printing and distribution business and paper handling and storage business (collectively, the Publishing Business). The Purchaser will also acquire all other assets of the Company primarily related to the Publishing Business, including all of the Company's rights in the name “The Washington Post”. The Company will change its corporate name within 60 days following the closing. The Purchaser will not acquire the Company's interests in theClassified Ventures, LLCbusinesses, The Slate Group LLC, The FP Group, WaPo Labs and certain excluded real estate, including the Company headquarters building in downtown Washington, DC and certain land and property in Alexandria, VA. The liabilities under the Retirement Plan for The Washington Post Companies relating to the active employees of the Publishing Business will be transferred to the Purchaser, along with pension assets that have a value equal to the projected benefit obligation in respect of these active employees plus an additional $50 million.

The Purchaser will pay an aggregate purchase price of $250 million in cash, subject to customary adjustments for working capital, target cash of $8.5 million and any outstanding debt of the Publishing Business. The Guarantor has agreed to guarantee the purchase price payment obligations of the Purchaser.

Within 60 days of the date of the Letter Agreement, the Company and the Purchaser will prepare and execute a definitive Securities Purchase Agreement (the Purchase Agreement) providing for the transactions contemplated by the Letter Agreement on terms consistent with the Letter Agreement and containing other customary terms. If the parties cannot agree on the terms of the Purchase Agreement, an arbitrator selected by the parties will decide any disputed terms.

The closing of the transactions is subject to customary closing conditions, including the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 02, 2013 Class A Common Stock [Member]	Aug. 02, 2013 Class B Common Stock [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	wpo
Entity Registrant Name	WASHINGTON POST CO
Entity Central Index Key	0000104889
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,179,199	6,242,864

XML

Organization and Basis of Presentation (Policy)

6 Months Ended

Jun. 30, 2013

Organization, Basis Of Presentation And Recent Accounting Pronouncements [Abstract]

Financial Periods

Financial Periods – The Company and its subsidiaries report on a calendar-quarter basis, with the exception of most of the newspaper publishing operations, which report on a thirteen week quarter ending on the Sunday nearest the calendar quarter-end.

Basis of Presentation

Basis of Presentation – The accompanying condensed consolidated financial statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States of America (GAAP) for interim financial information; (ii) the instructions to Form 10-Q; and (iii) the guidance of Rule 10-01 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, for financial statements required to be filed with the Securities and Exchange Commission (SEC). They include the assets, liabilities, results of operations and cash flows of the Company, including its domestic and foreign subsidiaries that are more than 50% owned or otherwise controlled by the Company. As permitted under such rules, certain notes and other financial information normally required by GAAP have been condensed or omitted. Management believes the accompanying condensed consolidated financial statements reflect all normal and recurring adjustments necessary for a fair presentation of the Company's financial position, results of operations, and cash flows as of and for the periods presented herein. The Company's results of operations for the threeand sixmonths ended June 30, 2013 and 2012 may not be indicative of the Company's future results. These condensed consolidated financial statements are unaudited and should be read in conjunction with the Company's audited consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP.

Certain amounts in previously issued financial statements have been reclassified to conform to the current year presentation, which includes the reclassification of the results of operations of certain businesses as discontinued operations for all periods presented.

Use of Estimates in the Preparation of the Condensed Financial Statements

Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements – The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates.

XML

Accumulated Other Comprehensive Income (Loss) (Reclassifications out of AOCI) (Details 3) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 9,048		$ 8,979		$ 18,008		$ 18,142
Other (expense) income, net	(12,858)		(635)		(16,941)		7,953
Income Before Tax	75,534		57,496		89,479		83,176
Provision for Income Taxes	(30,400)		(21,200)		(37,700)		(32,900)
Income Net of Tax	45,134		36,296		51,779		50,276
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income Net of Tax	890		830		(284)		1,554
Unrealized Gain (Losses) on Available- for- Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Other (expense) income, net	(333)		(772)		(884)		(772)
Provision for Income Taxes	133		309		353		309
Income Net of Tax	(200)		(463)		(531)		(463)
Pension and Other Postretirement Plans [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Tax	1,620		2,120		29		3,326
Provision for Income Taxes	(648)		(848)		(12)		(1,330)
Income Net of Tax	972		1,272		17		1,996
Amortization of net prior service credit [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Tax	(384)	[1]	(470)	[1]	(821)	[1]	(921)	[1]
Amortization of net actuarial loss [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Tax	2,004	[1]	2,590	[1]	4,321	[1]	4,247	[1]
Settlement gain [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Tax	0	[1]	0	[1]	(3,471)	[1]	0	[1]
Cash Flow Hedge [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest expense	197		35		383		35
Provision for Income Taxes	(79)		(14)		(153)		(14)
Income Net of Tax	$ 118		$ 21		$ 230		$ 21

[1] These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9).

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Accumulated Other Comprehensive Income (Loss) (AOCI balances) (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Abstract]
Cumulative Foreign Currency Translation Adjustment, beginning balance			$ 26,072
Cumulative Foreign Currency Translation Adjustment - Other comprehensive income (loss) before reclassifications	(3,509)	(8,911)	(7,700)	(1,088)
Cumulative Foreign Currency Translation Adjustment - Net amount reclassified from accumulated other comprehensive income	0	8	0	521
Cumulative Foreign Currency Translation Adjustment - Net other comprehensive income (loss)	(3,509)	(8,903)	(7,700)	(567)
Cumulative Foreign Currency Translation Adjustment, ending balance	18,372		18,372
Unrealized Gain on Available-for-Sale Securities, beginning balance			110,553
Unrealized Gain on Available-for-Sale Securities - Other comprehensive income (loss) before reclassifications			48,301
Unrealized Gain on Available-for-Sale Securities - Net amount reclassified from accumulated other comprehensive income	(200)	(463)	(531)	(463)
Unrealized Gain on Available-for-Sale Securities - Net other comprehensive income (loss)	18,654	3,490	47,770	22,880
Unrealized Gain on Available-for-Sale Securities, ending balance	158,323		158,323
Unrealized Gain on Pensions and Other Postretirement Plans, beginning balance			117,169
Unrealized Gain on Pensions and Other Postretirement Plans - Other comprehensive income (loss) before reclassifications			0
Unrealized Gain on Pensions and Other Postretirement Plans - Net amount reclassified from accumulated other comprehensive income			17
Unrealized Gain on Pensions and Other Postretirement Plans - Net other comprehensive income (loss)	(972)	(1,272)	(17)	(1,996)
Unrealized Gain on Pensions and Other Postretirement Plans, ending balance	117,186		117,186
Cash Flow Hedge, beginning balance			(940)
Cash Flow Hedge - Other comprehensive income (loss) before reclassifications			(84)
Cash Flow Hedge - Net amount reclassified from accumulated other comprehensive income			230
Cash Flow Hedge - Net other comprehensive income (loss)	128	(804)	146	(825)
Cash Flow Hedge, ending balance	(794)		(794)
Accumulated Other Comprehensive Income, beginning balance			252,854
Accumulated Other Comprehensive Income - Other comprehensive income (loss) before reclassifications			40,517
Accumulated Other Comprehensive Income - Net amount reclassified from accumulated other comprehensive income			(284)
Accumulated Other Comprehensive Income - Net other comprehensive income (loss)	16,245	(4,945)	40,233	23,484
Accumulated Other Comprehensive Income, ending balance	$ 293,087		$ 293,087