Graham (GHC) S-3ASR Automatic shelf registration

Exhibit 12.1

The Washington Post Company

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	Thirty-Nine Weeks Ended		Fiscal Year Ended
	September 28, 2008		December 30, 2007		December 31, 2006		January 1, 2006		January 2, 2005		December 28, 2003
Earnings:
Income before income taxes and cumulative effect of change in accounting principle, and equity in earnings (losses) of affiliates	$	82,800	$	475,132	$	518,344	$	500,525	$	544,723	$	392,354
Add:  Fixed charges		50,896		70,279		64,310		64,421		60,565		53,404
Amortization of capitalized interest		-		-		68		198		198		198
Distributed income of equity investees		189		2,155		900		850		800		750
Earnings	$	133,885	$	547,566	$	583,622	$	565,994	$	606,286	$	446,706
Fixed charges:
Interest expensed	$	19,514	$	24,046	$	25,343	$	26,754	$	28,032	$	27,804
Portion of rent expense representative of interest		31,382		46,233		38,967		37,667		32,533		25,600
Total fixed charges	$	50,896	$	70,279	$	64,310	$	64,421	$	60,565	$	53,404
Ratio of earnings to fixed charges		2.6		7.8		9.1		8.8		10.0		8.4