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WASHINGTON POST COMPANY AND ORACLE CORPORATION ANNOUNCE ELECTRONIC PUBLISHING ALLIANCE

 /ADVANCE/ WASHINGTON, Jan. 17 /PRNewswire/ -- The Washington Post Company (NYSE: WPO) and Oracle Corporation today announced plans to jointly develop and market multimedia software and services designed to bring electronic publishing to the information highway.
 Through its new Digital Ink electronic publishing subsidiary, The Washington Post Company will work with Oracle to develop new forms of electronic publications and advertising. These new interactive products will combine text, audio and video. They are intended for use on personal computers, advanced television systems and portable devices.
 "We look forward to working with Oracle and their impressive technology to develop cutting-edge electronic publications," said Donald E. Graham, chairman and chief executive officer of The Washington Post Company.
 "We are very proud to work with The Washington Post Company," said Lawrence J. Ellison, president and chief executive officer of Oracle Corporation. "They bring a great history of success in producing quality newspapers and national magazines, as well as deep experience in broadcast, digital communications and cable. The new electronic products of the information highway will require all these skills, as well as the software to make it happen."
 The Washington Post Company and Oracle have agreed to form a business relationship to combine their unique resources. The companies have executed a letter of intent, and a definitive agreement is expected to follow later this year, along with specific product announcements.
 The Washington Post Company is one of the nation's leading diversified publishing and information companies. Its principal operations include newspaper and magazine publishing, broadcasting and cable television systems. The company owns The Washington Post newspaper, Newsweek and Newsweek International, several television stations, as well as cable systems serving almost 500,000 subscribers in 15 states.
 The Post Company was an early and successful participant in the cellular telephone industry. It owns a majority interest in American Personal Communications, which was recently awarded a pioneer's preference license by the Federal Communications Commission to develop new, low-cost, digital telephone services in the Washington-Baltimore region. In November, The Post Company announced creation of a new subsidiary, Digital Ink, to unite its various electronic publishing efforts.
 "We're excited about this partnership and increasing the interactive information and advertising services we can provide for consumers," said Donald K. Brazeal, editor and publisher of Digital Ink. "Applying journalistic skills and values to help people use increasing amounts of electronic data will be an important step forward on the information superhighway. It's also a logical extension of the electronic publishing initiatives The Post Company launched with Newsweek's award- winning CD-ROM product, Newsweek Interactive."
 Oracle Corporation, headquartered in Redwood Shores, CA, is a leading supplier of information management software and services. Oracle provides the software backbone to enable rapid access to large amounts of digitized text, image, audio and full-motion video. Oracle software runs on personal digital assistants, personal computers, workstations, minicomputers, mainframes and massively parallel computers. The company offers its products, along with consulting, education and support, in 93 countries around the world.
 Oracle today is the leading producer of software for corporate databases and the world's second largest software firm overall, as measured by market capitalization. During the last several years, Oracle has aggressively adapted its database management program to the world of online interactive services.
 "Our effort at making the information highway a reality grows out of Oracle's expertise in managing large databases," said Dick Brass, Oracle's senior vice president for corporate affairs. "We are pleased that The Washington Post Company has chosen Oracle to help create new information products for its customers. We view this as a very important strategic alliance."
 Oracle's software is designed to run on a variety of computers and with a variety of operating systems. The company also has designed its software to run on advanced massively parallel computers. Massively parallel computers use thousands of inexpensive microprocessors in a single system. Each processor has its own communications pathway to the outside world. The total system thus avoids the congested data pathways that plague traditional computers and limit their use in providing video-rich multimedia services, in which thousands of users access data at the same time.
 Oracle has rewritten and expanded its software to accommodate video, audio and textual data. The new Oracle software -- including the multimedia database capable of managing multiple data types, its authoring environment for creating appealing on-screen interfaces, and networking software to connect any PC or smart TV interface to the Oracle service -- will be officially unveiled by Oracle in a worldwide television news conference on January 18. The presentation will include a demonstration of interactive services under development by The Washington Post Company and Oracle.
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 /CONTACT: Dick Brass, 206-954-1986, Internet: dbrass(at)oracle.com, or Zach Nelson or Margaret Lasecke, 415-506-4176, all for Oracle; or Donald K. Brazeal, 202-334-7330, or Guyon Knight, 202-334-6642, both of The Washington Post, Internet: dbrazeal(at)access.digex.net/
 (WPO)


CO: The Washington Post Company; Oracle Corporation ST: District of Columbia, California IN: PUB CPR SU:

IH-DC -- DC012 -- 1225 01/14/94 13:17 EST
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Date:Jan 14, 1994
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