Washington Post 2004 Annual Report Download - page 31

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. In March 2005 PostNewsweek Tech Media plans to
launch Government Leader , a quarterly publication that will focus on issues of interest to senior government 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. 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.
Other Activities
Bowater Mersey Paper Company
The Company owns 49% of the common stock of Bowater Mersey Paper Company Limited, the majority interest in which is
held by a subsidiary of Bowater Incorporated. Bowater Mersey owns and operates a newsprint mill near Halifax, Nova
Scotia, and also owns extensive woodlands that provide part of the mill's wood requirements. In 2004 Bowater Mersey
produced about 275,000 tons* of newsprint.
BrassRing
The Company beneficially owns a 49.3% equity interest in BrassRing LLC, an Internet-based hiring management company.
The other principal members of BrassRing are the Tribune Company with a 26.9% interest; Gannett Co., Inc. with a
12.4% interest; and the venture capital firm Accel Partners with a 10.5% interest.
Production and Raw Materials
The Washington Post and Express are produced at the printing plants of WP Company in Fairfax County, Virginia and
Prince George's County, Maryland. The Herald and The Enterprise Newspapers are produced at The Daily Herald
Company's plant in Everett, Washington, while The Gazette Newspapers, Southern Maryland Newspapers, and El
Tiempo Latino
are all printed at the commercial printing facilities owned by Post-Newsweek Media, Inc. Greater
Washington Publishing's periodicals are produced by independent contract printers with the exception of one periodical
that is printed at one of the commercial printing facilities owned by Post-Newsweek Media, Inc. All PostNewsweek Tech
Media publications are produced by independent contract printers.
Newsweek 's domestic edition is produced by three independent contract printers at six separate plants in the United
States; advertising inserts and photo-offset films for the domestic edition are also produced by independent contractors.
The international editions of Newsweek are printed in England, Singapore, Switzerland, the Netherlands, South Africa and
Hollywood, Florida; insertions for The Bulletin are printed in Australia. Since 1997 Newsweek and a subsidiary of Time
Warner have used a jointly owned company based in England to provide production and distribution services for the
Europe, Middle East and Africa edition of Newsweek and the Europe edition of Time . In 2002 this jointly owned company
began providing certain production and distribution services for the Asian editions of these magazines. Budget Travel is
produced by one of the independent contract printers that also prints Newsweek 's domestic edition.
In 2004 The Washington Post and Express consumed about 190,000 tons and 3,000 tons of newsprint, respectively.
Such newsprint was purchased from a number of suppliers, including Bowater Incorporated, which supplied approximately
37% of the 2004 newsprint requirements for these newspapers. Although for many years some of the newsprint
purchased for The Post from Bowater Incorporated typically was provided by Bowater Mersey Paper Company Limited,
since 1999 none of the newsprint consumed by either The Post or Express has come from that source.
The announced price of newsprint (excluding discounts) was approximately $750 per ton throughout 2004. Discounts
from the announced price of newsprint can be substantial, and prevailing discounts decreased throughout the year. The
* All references in this report to newsprint tonnage and prices refer to short tons (2,000 pounds) and not to metric tons (2,204.6 pounds), which are often used
in newsprint price quotations.
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