Washington Post 2009 Annual Report Download - page 43

The headquarters offices of Cable ONE are located in a three-story office building in Phoenix, AZ, that was purchased
by Cable ONE in 1998. Cable ONE purchased an adjoining two-story office building in 2005; that building is currently
leased to third-party tenants. The majority of the offices and head-end facilities of the division’s individual cable systems
are located in buildings owned by Cable ONE. Most of the tower sites used by the division are leased. In addition, the
division houses call-center operations in 60,000 square feet of rented space in Phoenix under a lease that will expire in
2013.
WP Company owns the principal offices of The Washington Post in downtown Washington, DC, including both a seven-
story building in use since 1950 and a connected nine-story office building on contiguous property completed in 1972
in which the Company’s principal executive offices are located. WP Company also owns and occupies a small office
building on L Street that is connected to the Post‘s office building. Additionally, WP Company owns land on the corner of
15th and L Streets, NW, in Washington, DC, adjacent to the Post‘s office building. This land is leased on a long-term
basis to the owner of a multistory office building that was constructed on the site in 1982. WP Company rents one floor
in this building, which it has subleased to a third party.
WP Company owns a printing plant in Fairfax County, VA, which was built in 1980 and expanded in 1998. That
facility is located on 19 acres of land owned by WP Company. In July 2009, WP Company closed a printing plant and
distribution facility in Prince George’s County, MD, that was built in 1998 on a 17-acre tract of land owned by WP
Company. This property was sold in 2010.
The Daily Herald Company owns its plant and office building in Everett, WA; it also owns two warehouses and a small
rental building adjacent to its plant, as well as a small office building in Lynnwood, WA.
Post–Newsweek Media, Inc. owns a two-story combination office building and printing plant on a seven-acre plot in
Laurel, MD. Post–Newsweek Media, Inc. also owns a one-story brick building in St. Mary’s County used by editorial and
sales staff and office space in Montgomery and Charles counties, MD. In addition to these owned properties, Post–
Newsweek Media leases editorial and sales office space in Alexandria, VA, and in Frederick, Carroll, Calvert and
Prince George’s counties, MD, and Fairfax County, VA.
The headquarters offices of the Company’s broadcasting operations are located in Detroit, MI, in the same facilities that
house the offices and studios of WDIV. That facility and those that house the operations of each of the Company’s other
television stations are all owned by subsidiaries of the Company, as are the related tower sites (except in Houston,
Orlando, Jacksonville and Miami, where the tower sites are 50% owned).
The principal offices of Newsweek, Inc. are located at 395 Hudson Street in New York City, where Newsweek rents
space on two floors. The lease on this new space, subject to renewal rights, will expire on April 30, 2024. During the
second half of 2009, Newsweek implemented a restructuring plan that resulted in the recognition of lease exit costs
associated with the closing of certain domestic and international offices and bureaus, as well as the write-off of fixed
assets located at the facilities that have been vacated.
Robinson Terminal Warehouse Corporation owns two wharves and several warehouses in Alexandria, VA. These facilities
are adjacent to the business district and occupy approximately seven acres of land. Robinson also owns two partially
developed tracts of land in Fairfax County, VA, aggregating about 20 acres. These tracts are near The Washington
Post‘s Virginia printing plant and include several warehouses. Robinson also owns 23 acres of undeveloped land on the
Potomac River in Charles County, MD.
WPNI leases 85,000 square feet of office space in Arlington, VA, under a lease that will expire in 2015. WP Company
is marketing the space for sublease because the employees have been relocated following the integration of Washington
Post Digital’s business into WP Company in Washington, DC. In addition, WPNI leases space in Washington, DC, and
Los Angeles and subleases space from Newsweek in New York City for Slate’s offices in those cities. WP Company
leases office space for sales representatives in Los Angeles and Detroit and subleases space from Newsweek, Inc. for
sales representatives in New York City, Chicago and San Francisco. In January of 2008, WP Company entered into a
two-year sublease for office space in Washington, DC, to house Foreign Policy magazine.
Greater Washington Publishing’s offices are located in leased space in Vienna, VA, while El Tiempo Latino’s offices are
located in leased space in Arlington, VA.
Avenue100 leases space in an office building in Woburn, MA. This lease expires in 2015.
2009 FORM 10-K 29