Graham Family Selling Off Shares of Washington Post “In Earnest” in Recent Months
Posted on March 20th, 2009 by postguild
Don Graham
By Avi Salzman
Barrons
THE FAMILY THAT OWNS THE Washington Post newspaper has been selling shares in the parent company in earnest in recent months. Donald Graham, the chairman and chief executive officer of Washington Post Co. (ticker: WPO), has sold tens of millions of dollars worth of stock in the past year through a series of trusts he oversees for his relatives.
In the process he has decreased his control of the company’s publicly traded class B shares to 3.2 million shares, or 33.8%, from 3.4 million shares, or 35.2%, last February.
Filed under: Guild News
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