Washington Post 2003 Annual Report Download - page 39

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 amendments 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.
WP 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, WP Company owns land on the corner of 15th
and L Streets, N.W., in Washington, D.C., adjacent to The Post 's office building. This land is leased on a long-term basis
to the owner of a multi-story office building that was constructed on the site in 1982. WP Company rents a number of
floors in this building. WP Company also owns and occupies a small office building on L Street which is connected to The
Post
's office building. On December 22, 2003, WP Company sold a 35,000-square-foot lot on 15th Street next to the lot
containing The Post 's office building. The lot that was sold contained a two-level parking facility that had been used by Post
employees for many years but was no longer needed for that purpose since the basement under The Post 's office building
had been converted into a parking garage in 2002.
WP 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 WP Company. WP Company also owns a printing plant and distribution
facility in Prince George's County, Maryland, which was built in 1998 on a 17-acre tract of land owned by WP Company.
In addition, WP 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.
Post-Newsweek Media, Inc. owns a two-story brick building that serves as its headquarters and as headquarters for The
Gazette Newspapers
and a separate two-story brick building that houses its Montgomery County commercial printing
business. All of these properties are located in Gaithersburg, Maryland. In addition, Post-Newsweek Media, Inc. owns a
one-story brick building in Waldorf, Maryland that houses its Charles County commercial printing business and also serves
as the headquarters for two of the Southern Maryland Newspapers . The other editorial and sales offices for The Gazette
Newspapers
and the Southern Maryland Newspapers are located in leased premises. The PostNewsweek Tech Media
Division leases office space in Washington, D.C. and San Francisco, California.
The headquarters offices of the Company's broadcasting operations are located in Detroit, Michigan 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 and Jacksonville, where the tower sites are 50% owned).
The headquarters offices of the Cable Television Division are located in a three-story office building in Phoenix, Arizona
that was purchased by Cable One in 1998. The majority of the offices and head-end facilities of the Division's individual
cable systems are located in buildings owned by Cable One. Substantially all of the tower sites used by the Division are
leased.
The principal offices of Newsweek are located at 251 West 57th Street in New York City, where Newsweek rents space
on nine floors. The lease on this space will expire in 2009 but is renewable for a 15-year period at Newsweek's option at
rentals to be negotiated or arbitrated.
Budget Travel 's offices are also located in New York City, where they occupy
premises under a lease that expires in 2010. In 1997 Newsweek sold its Mountain Lakes, N.J. facility to a third party and
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