Washington Post 2002 Annual Report Download - page 21

Newsweek has approximately 650 full-time employees (including about 135 editorial employees represented by the
Communications Workers of America under a collective bargaining agreement which expired at the end of 2002
and currently is being renegotiated).
Kaplan employs approximately 4,470 persons on a full-time basis. Kaplan also employs substantial numbers of part-
time employees who serve in instructional and administrative capacities. During peak seasonal periods Kaplan’s
part-time workforce exceeds 10,000 employees. None of Kaplan’s employees is represented by a union.
Post-Newsweek Media, Inc. has approximately 680 full-time and 130 part-time employees. Robinson Terminal
Warehouse Corporation (the Company’s newsprint warehousing and distribution subsidiary) and Greater Washing-
ton Publishing each employ fewer than 100 persons. None of these units’ employees is represented by a union.
Forward-Looking Statements
All public statements made by the Company and its representatives which are not statements of historical fact,
including certain statements in this Annual Report on Form 10-K and elsewhere in the Company’s 2002 Annual
Report to Stockholders, are ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include comments about the Company’s business strategies and
objectives, the prospects for growth in the Company’s various business operations, and the Company’s future
financial performance. As with any projection or forecast, forward-looking statements are subject to various risks and
uncertainties that could cause actual results or events to differ materially from those anticipated in such statements. In
addition to the various matters discussed elsewhere in this Annual Report on Form 10-K (including the financial
statements and other items filed herewith), specific factors identified by the Company that might cause such a
difference include the following: changes in prevailing economic conditions, particularly in the specific geographic
and other markets served by the Company; actions of competitors, including price changes and the introduction of
competitive service offerings; changes in the preferences of readers, viewers and advertisers, particularly in
response to the growth of Internet-based media; changes in communications and broadcast technologies; the effects
of changing cost or availability of raw materials, including changes in the cost or availability of newsprint and
magazine body paper; changes in the extent to which standardized tests are used in the admissions process by
colleges and graduate schools; changes in the extent to which licensing or proficiency examinations are used to
qualify individuals to pursue certain careers; changes in laws or regulations, including changes that affect the way
business entities are taxed; and changes in accounting principles or in the way such principles are applied.
Available Information
The Company’s Internet address is www.washpostco.com. The Company makes available free of charge through its
website its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amend-
ments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as
reasonably practicable after such documents are electronically filed with the Securities and Exchange Commission.
Item 2. Properties.
The Company owns the principal offices of The Washington Post in downtown Washington, D.C., 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. Additionally, the Company owns land on
the corner of 15th and L Streets, N.W., in Washington, D.C., adjacent to The Washington Post office building. This
land is leased on a long-term basis to the owner of a multi-story office building which was constructed on the site in
1982. The Company rents a number of floors in this building. The Company also owns and occupies a small office
building on L Street which is next to The Post’s downtown office building.
The Company owns a printing plant in Fairfax County, Virginia which was built in 1980 and expanded in 1998.
That facility is located on 19 acres of land owned by the Company. Also in 1998 the Company completed
construction of a new printing plant and distribution facility for The Post on a 17-acre tract of land in Prince George’s
County, Maryland which was purchased by the Company in 1996. In addition, the Company owns undeveloped
land near Dulles Airport in Fairfax County, Virginia (39 acres) and in Prince George’s County, Maryland (34 acres).
The Herald owns its plant and office building in Everett, Washington; it also owns two warehouses adjacent to its
plant and a small office building in Lynnwood, Washington.
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