Washington Post 2003 Annual Report Download - page 31

The online version of Newsweek, which includes stories from Newsweek 's print edition as well as other material, has been
a co-branded feature on the MSNBC.com website since 2000. This feature is being produced by Wash-
ingtonpost.Newsweek Interactive Company, another subsidiary of the Company.
Arthur Frommer's Budget Travel magazine, another Newsweek publication, was published ten times during 2003 and had
an average paid circulation of more than 500,000 copies. Budget Travel is headquartered in New York City and has its
own editorial staff.
During recent years Congress has considered a range of proposals intended to restrict the marketing of tobacco products.
The Company cannot now predict what actions may eventually be taken to limit or restrict tobacco advertising. However,
such advertising accounts for only about 1% of Newsweek's operating revenues and negligible revenues at The
Washington Post
and the Company's other publications. Moreover, federal law has prohibited the carrying of
advertisements for cigarettes and smokeless tobacco by commercial radio and television stations for many years. Thus the
Company believes that any restrictions on tobacco advertising that may eventually be put into effect would not have a
material adverse effect on Newsweek or on any of the Company's other business operations.
PostNewsweek Tech Media
This division of Post-Newsweek Media, Inc. publishes controlled-circulation trade periodicals and produces trade shows
and conferences for the government information technology industry.
Specifically, PostNewsweek Tech Media publishes Washington Technology, a twice-monthly news magazine for
government information technology systems integrators; Government Computer News, a news magazine published 30
times per year serving government managers who buy information technology products and services; and GCN
Technology,
a news magazine published four times per year providing information technology product reviews and other
buying information for government information technology managers. Washington Technology, Government Computer
News,
and GCN Technology have circulations of about 40,000, 87,000, and 100,000 copies, respectively. This
division also publishes the Federal Technology Almanac, an annual reference guide for federal government information
technology managers and private-sector information technology executives.
PostNewsweek Tech Media also produces the FOSE trade show, which is held each spring in Washington, D.C. for
information technology decision makers in government and industry, and the PSX trade show, which attracts government
procurement officers and vendors of the services such officers purchase. This division also produces a number of smaller
conferences and events, including awards dinners honoring leading individuals and companies in the government
information technology community.
Education
Kaplan, Inc., a subsidiary of the Company, provides an extensive range of educational services for children, students and
professionals. Kaplan's historical focus on test preparation has been expanded as new educational and career services
businesses have been acquired or initiated. The Company divides Kaplan's various businesses into two categories:
supplemental education, which consists of Kaplan's Test Preparation and Admissions, Professional, and Score Education
Divisions; and higher education, which consists of Kaplan's Higher Education Division.
Through its Test Preparation and Admissions Division, Kaplan prepares students for a broad range of admissions and
licensing examinations, including the SATs, LSATs, GMATs, MCATs, GREs, and nursing and medical boards. This business
can be subdivided into four categories: K-12 (serving schools and school districts seeking assistance in preparing students
for state assessment tests and for the SATs and ACTs and providing professional training for teachers); Graduate and Pre-
College (serving high school and college students and professionals, primarily with preparation for admissions tests to
college and to graduate, medical and law schools); Medical (serving medical professionals preparing for licensing
exams); and English Language Training (serving foreign students and professionals wishing to study or work in the U.S.).
Many of this division's test preparation courses have been available to students via the Internet since 1999. During 2003
the Test Preparation and Admissions Division enrolled nearly 270,000 students (including over 76,000 enrolled in online
programs) and provided courses at 159 permanent centers located throughout the United States and in Canada, Puerto
Rico, London and Paris. In addition, Kaplan licenses material for certain of these courses to third parties who during 2003
offered such courses at 27 centers located in 12 foreign countries. The Test Preparation and Admissions Division also
currently co-publishes more than 180 book titles, predominantly in the areas of test preparation, admissions, career
guidance and life skills, through a joint venture with Simon & Schuster, and develops educational software for the K through
12 and graduate markets which is sold through arrangements with a third party who is responsible for production and
distribution. This division also produces a college newsstand guide in conjunction with Newsweek.
2003 FORM 10-K 11