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Whatever the problem, Graham's company has never been healthier. 1976 will show record profits and record revenues. The Post itself, crippled by Graham's decision to endure a pressmen's strike late in 1975, has gained back all of the circulation and most of the advertising linage it lost to the evening Star. Newsweek and the broadcast stations rang up gains for 1976. and the Trenton Times edged into the black.
Graham, meanwhile, is giving more and more responsibility to her son Donald, 31, who apprenticed as a rookie D.C. policeman before joining the Post as a reporter in 1971. Don became the paper's general manager last November. "He has always had a passionate interest in publishing," says his mother. "I hope he'll replace me." But not soon. Katharine Graham, at the height of her power and prosperity, is not about to fade gently into the background.