WASHINGTON, Jun 27, 2002 -- The Washington Post Company (NYSE: WPO) announced today that Alice M. Rivlin has been elected to the Board of Directors, effective July 1, 2002. Her election increases The Washington Post Company's Board of Directors to ten members.

Ms. Rivlin is the Henry J. Cohen Professor at the Robert J. Milano Graduate School at the New School University and a Senior Fellow in the Economic Studies Program at the Brookings Institution. She also serves as Director of the Greater Washington Research Program at Brookings. Ms. Rivlin was Vice Chair of the Federal Reserve Board from 1996 to 1999, Director of the White House Office of Management and Budget from 1994 to 1996, and Deputy Director from 1993 to 1994. She served as Chair of the District of Columbia Financial Management Assistance Authority from 1998 to 2001.

Ms. Rivlin was the founding Director of the Congressional Budget Office from 1975 to 1983 and Director of the Economic Studies Program at Brookings from 1983 to 1987. She served as Assistant Secretary for Planning and Evaluation at the U.S. Department of Health, Education and Welfare from 1968 to 1969.

Ms. Rivlin has received an Elliot L. Richardson Prize for Excellence in Public Service, a MacArthur Foundation Prize Fellowship, and honorary doctorates from several universities. She has taught at Harvard University and George Mason University and has served as President of the American Economic Association. She is currently a member of the Board of Directors of KPMG Consulting.

She is a frequent contributor to newspapers, television and radio, and has written several books, including Systematic Thinking for Social Action (l971), Reviving the American Dream (1992), and Beyond the Dot.coms (with Robert Litan, 2001).

Ms. Rivlin was born in 1931 in Philadelphia, Pennsylvania, and grew up in Bloomington, Indiana. She received a B.A. in economics from Bryn Mawr College in 1952 and a Ph.D. from Radcliffe College (Harvard University) in economics in 1958. She is married to economist Sidney G. Winter, who is a professor at the University of Pennsylvania. She has three children and four grandchildren.

SOURCE The Washington Post Company

CONTACT:

Rima Calderon of The Washington Post Company, +1-202-334-6617