NVTC Honors Jay Morse, retired CFO of the Washington Post Co., with the Michael G. Devine Hall of Fame Award at Annual CFO Awards

Honor to Be Presented During Greater Washington Technology CFO Awards Ceremony on June 3rd

HERNDON, Va. May 19, 2009 - The Northern Virginia Technology Council (NVTC) announced today John B. (Jay) Morse, Jr. as the winner of the Michael G. Devine Hall of Fame award. For 19 years, Morse was The Washington Post Co.'s Chief Financial Officer until retiring in December 2008. Now in its 13th year, the Hall of Fame award is presented to a leader who has made a significant contribution to the Northern Virginia region. The award will be officially presented to Morse at the Greater Washington Technology CFO Awards June 3 at The Ritz-Carlton in McLean, Va.

"For over 36 years, Jay has been a leader in the region by placing a high standard on how technology and finance can both shape and transform a company and on how the business community can serve our region," said Bobbie Kilberg, President and CEO of NVTC. "On behalf of NVTC, we are pleased to honor Jay for his accomplishments and leadership in the business community."

Morse has served on NVTC's Board of Directors and was a longtime judge and committee member of the CFO Awards program. With his commitment of significant time, support and guidance, Morse was very instrumental in building the Awards into the premier and highly respected program it is today.

Morse joined The Washington Post Co. in 1989 where he served as Chief Financial Officer and Senior Vice President. In these positions, he was responsible for technology, investor relations, treasury and investment functions, as well as tax, audit and accounting areas. In addition to his role as CFO, Morse was President of Washington Post Telecommunications, Inc and Washington Post Productions, Inc., both subsidiaries of The Washington Post Company.

Prior to joining The Washington Post Co., Morse was a partner at PricewaterhouseCoopers (PwC) where he was responsible for working with publishing and media companies, as well as multimedia lending institutions during his 17 year tenure at the firm.

Morse serves as Trustee and President of the College Foundation at the University of Virginia. He also serves as a member of the Board of Directors of Host Hotels and Resorts, AES Corporation, and Home Shopping Network and previously served as a Director of Crestline Capital Corporation.

Morse is a member of the American Institute of Certified Public Accountants and the Financial Institute, where he has served for 15 years on the Committee on Corporate Reporting. He is also an active member with the Financial Accounting Standards Advisory Council (FASAC), past Chairman of the Conference Board's US Council for Financial Executives and has served as a liaison to the European Council of CFOs.