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WASHINGTON POST COMPANY TO ACQUIRE TWO TEXAS TELEVISION STATIONS

 WASHINGTON, Dec. 1 /PRNewswire/ -- The Washington Post Company (NYSE: WPO) and H & C Communications, Inc., have reached an agreement in principle for The Washington Post Company to acquire the assets of KPRC- TV, an NBC affiliate in Houston, and KSAT-TV, an ABC affiliate in San Antonio, the two companies announced today.
 The sale is subject to execution of a definitive purchase agreement and approvals of the transaction by the Federal Communications Commission and the boards of directors of both companies. The sale will be a cash transaction; the price was not disclosed.
 Donald E. Graham, chairman and chief executive officer of The Washington Post Company, said: "We're pleased to add two fine stations to the company's broadcast group, Post-Newsweek Stations. Houston and San Antonio are two of the greatest cities in the United States. We hope our traditional emphasis on high-quality local news and public affairs programming will serve these communities well and provide a solid foundation for financial growth."
 Oveta Culp Hobby, chairman of the H & C Communications executive committee, stated: "It has been a fascinating and wonderful experience to have been part of television almost since the inception of the medium. During that time, I have been privileged to work with some truly outstanding people. The Grahams are also outstanding people and have earned a notable reputation for providing superior community service."
 According to William P. Hobby, H & C board chairman: "The fine people of KPRC-TV and KSAT-TV have our enduring affection and respect. I know that they will integrate easily with the honored traditions of the Post-Newsweek Stations."
 Jessica H. Catto, vice chairman of H & C, noted: "We are pleased that The Washington Post Company will purchase these exceptional stations. They are very experienced broadcasters."
 Post-Newsweek Stations currently owns and operates WDIV-4, an NBC affiliate in Detroit; WPLG-10, an ABC affiliate in Miami; WFSB-3, a CBS affiliate in Hartford, Conn.; and WJXT-4, a CBS affiliate in Jacksonville, Fla.
 The Washington Post Company is a diversified media organization whose principal operations include newspaper and magazine publishing, broadcasting and cable television systems. The company owns The Washington Post newspaper, The Herald (Everett, Wash.), Newsweek, Newsweek International and cable systems serving almost 500,000 subscribers in 15 midwestern, western and southern states.
 -0- 12/1/93
 /CONTACT: Guyon Knight of The Washington Post Company, 202-334-6642/
 (WPO)


CO: The Washington Post Company; H & C Communications, Inc. ST: District of Columbia IN: TLS PUB SU: TNM

MH-DC -- DC022 -- 9232 12/01/93 11:41 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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