WASHINGTON -- The Washington Post Company said today that its Board of Directors has approved an increase in the annual dividend rate on the company's common stock from $4.80 to $5.00 per share.

The dividend for the first quarter of 1998, $1.25 per share, is payable on February 6, 1998, to shareholders of record on January 23, 1998.

Contact:
Guyon Knight
(202) 334-6642