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EXHIBIT 21
SUBSIDIARIES OF THE COMPANY
Jurisdiction % of
of Voting
Incorporation Stock
or Owned
Name of Subsidiary Organization by Company
------------------ ------------- ----------
Bowater Mersey Paper Company Limited ......................... Nova Scotia 49%
Cable One, Inc. .............................................. Delaware 100%
Capitol Fiber, Inc. .......................................... Maryland 80%
The Daily Herald Company ..................................... Washington 100%
The Gazette Newspapers, Inc. ................................. Maryland 100%
Greater Washington Publishing, Inc. .......................... Delaware 100%
I.H.T. Corporation ........................................... Delaware 50%
International Herald Tribune S.A.S. .................. France 33-1/3%
International Herald Tribune S.A.S. .......................... France 33-1/3%
Los Angeles Times-Washington Post News
Service, Inc. ............................................ D.C. 50%
Kaplan, Inc. ................................................. Delaware 100%
American Educational Resources, Inc. ................. Massachusetts 100%
Dearborn Publishing Group, Inc. ...................... Delaware 100%
Dearborn Financial Publishing, Inc. ........... Illinois 100%
Dearborn Financial Institute, Inc. ............ Illinois 100%
Anthony Schools Corporation ............ California 100%
Leonard's Training Programs, Inc. Texas 100%
Kaplan (Canada) Ltd. ................................. Ontario 100%
Kaplan (PR) Inc. ..................................... Puerto Rico 100%
Quest Education Corporation........................... Delaware 100%
Andon Colleges, Inc. .......................... California 100%
DEST Education Corporation ............. California 100%
California Academy of Merchandising,
Art & Design, Inc. ......................... Delaware 100%
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SUBSIDIARIES OF THE COMPANY
(Continued)
Jurisdiction % of
of Voting
Incorporation Stock
or Owned
Name of Subsidiary Organization by Company
------------------ ------------- ----------
CHI Acquisition Corp. ......................... Delaware 100%
DBS Acquisition Corp. ......................... Virginia 100%
ICM Acquisition Corp. ......................... Delaware 100%
HBC Acquisition Corp. ......................... Delaware 100%
Iowa College Acquisition Corporation .......... Delaware 100%
MTSX Acquisition Corp. ........................ Delaware 100%
Maric Learning Systems ........................ California 100%
Nebraska Acquisition Corp. .................... Delaware 100%
OIOPT Acquisition Corp. ....................... Delaware 100%
Palo Vista College of Nursing & Allied Health
Sciences, Inc. ............................. California 100%
SACMD Acquisition Corp. ....................... Delaware 100%
Scottsdale Educational Center for
Allied Health Careers, Inc. ................ Arizona 100%
New Hamsphire Acquisition Corp. ............... Delaware 100%
Hesser, Inc. ........................... New Hampshire 100%
Denver Acquisition Corp. ...................... Delaware 100%
Score Holdings, Inc. ................................. Delaware 100%
Score Learning Corporation .................... California 100%
eScore.com, Inc. .............................. Delaware 100%
Self Test Software, Inc. ............................. Georgia 100%
Newsprint, Inc. .............................................. Virginia 100%
Newsweek, Inc. ............................................... New York 100%
Newsweek Budget Travel, Inc. ......................... Delaware 100%
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SUBSIDIARIES OF THE COMPANY
(Continued)
Jurisdiction % of
of Voting
Incorporation Stock
or Owned
Name of Subsidiary Organization by Company
------------------ ------------- ----------
Newsweek Productions, Inc. ........................... Delaware 100%
Newsweek Services, Inc. .............................. Delaware 100%
Newsweek Services (Canada), Inc. ..................... Delaware 100%
Post Newsweek Tech Media Group, Inc. ......................... Virginia 100%
Post-Newsweek Cable of North Dakota, Inc. .................... Delaware 100%
Post-Newsweek Stations, Inc................................... Delaware 100%
Post-Newsweek Stations, Florida, Inc. ................ Florida 100%
Post-Newsweek Stations, Houston GP, Inc. ............. Delaware 100%
Post-Newsweek Stations, Houston, LP ........... Delaware 1%(a)
Post-Newsweek Stations, Houston Holdings
(Limited), Inc. ..................................... Delaware 100%
Post-Newsweek Stations, Houston, LP ........... Delaware 99%(b)
Post-Newsweek Stations, Michigan, Inc. ............... Delaware 100%
Post-Newsweek Stations, Orlando, Inc. ................ Delaware 100%
Post-Newsweek Stations, San Antonio GP, Inc. Delaware 100%
Post-Newsweek Stations, San Antonio, LP Delaware 1%(a)
Post-Newsweek Stations, San Antonio Holdings
(Limited), Inc. ..................................... Delaware 100%
Post-Newsweek Stations, San Antonio, LP Delaware 99%(b)
Robinson Terminal Warehouse Corporation ...................... Delaware 100%
Washingtonpost.Newsweek Interactive Company, LCC ............. Delaware 100%
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(a) General partnership interest.
(b) Limited partnership interest.
As permitted by Item 601(b)(21) of Regulation S-K, the foregoing list omits
certain subsidiaries which, if considered in the aggregate as a single
subsidiary, would not constitute a "significant subsidiary" as that term is
defined in Rule 1-02(v) of Regulation S-X.
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