His wife followed him on military assignments to Sioux Falls, South Dakota and Harrisburg, Pennsylvania up until 1945, when he went to the Pacific theater as an intelligence officer of the Far East Air Force, which was created in August 1944. Their first baby died at birth. Four children followed: Elizabeth ('Lally') Morris Graham, now Weymouth (born July 3, 1943), Donald Edward Graham (born April 22, 1945), William Welsh Graham (1948–2017), and Stephen Meyer Graham (born 1952). Career at The Washington Post Company In 1946, when Washington Post publisher Eugene Meyer was named the first president of the World Bank, he passed the position of publisher to Graham. When Meyer left the World Bank later that year, he took the title of chairman of the board of the Washington Post Company, leaving Graham as publisher. In 1948, Meyer transferred his actual control of the Post Company stock (the company was privately owned) to his daughter and her husband. Katharine Graham received 30 percent as a gift. Phil received 70 percent of the stock, his purchase financed by his father-in-law. Meyer remained a close adviser to his son-in-law until his death in 1959, at which time Graham assumed the titles of President and Chairman of the Board of the Post company. Leadership of company under Graham In 1949, the Post Company purchased a controlling ownership interest in Washington radio station WTOP, jointly owned with CBS. This marked the beginnings of the Post Company's involvement in broadcasting. The following year the Post/CBS joint venture bought the CBS-affiliated television station in Washington, and changed the call letters to WTOP-TV (later WDVM-TV, and now WUSA-TV), and in 1953 the company bought WMBR radio and WMBR-TV (now WJXT) in Jacksonville, Florida. The company gained full ownership of the WTOP stations in 1954. In 1954, the Post Company bought the competing morning newspaper, the Times-Herald, for $8.5 million. The Post kept most of the Times-Herald'''s advertising, features, columnists and comics — and most of its readers. It immediately jumped ahead of the Evening Star, the city's prominent afternoon paper, in circulation, and in 1959, it passed the Star in advertising linage. In 1961, the Post Company purchased the controlling stock interest in Newsweek from the Vincent Astor Foundation. When the deal was closed in New York City, Graham wrote a check for $2,000,000 as a down payment on the $8,985,000 purchase price. In 1962, the Post