Washington Post 2004 Annual Report Download - page 37

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 Oakland, California. Post-Newsweek Media has contracted to
purchase approximately 7 acres of undeveloped land in Prince George's County, Maryland, on which it plans to build a
combination office building and commercial printing facility.
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. Most of the tower sites used by the Division are leased. In
addition, the Division houses a call-center operation in 20,000 square feet of rented space in Phoenix under a lease that
expires in 2013.
Kaplan owns a total of ten buildings, including a 26,000-square-foot six-story building located at 131 West 56th Street in
New York City, which serves as an educational center primarily for international students, and a 2,300-square-foot office
condominium in Chapel Hill, North Carolina which it utilizes for its Test Prep business. Kaplan also owns a 15,000-square-
foot three-story building in Berkeley, California utilized for its Test Prep and English Language Training businesses; a
39,000-square-foot four-story brick building and a 19,000-square-foot two-story brick building in Lincoln, Nebraska
which are used by Hamilton College; a 25,000-square-foot one-story building in Omaha, Nebraska also used by
Hamilton College; a 131,000-square-foot five-story brick building in Manchester, New Hampshire used by Hesser
College; an 18,000-square-foot one-story brick building in Dayton, Ohio used by the Ohio Institute of Photography and
Technology; a 25,000-square-foot building in Hammond, Indiana used by Sawyer College; and a 45,000-square-foot
three-story brick building in Houston, Texas used by the Texas School of Business. Kaplan University's new corporate office
is in a 97,000-square-foot building located in Ft. Lauderdale, Florida, which has been leased for a term expiring in 2015.
Kaplan's distribution facilities for most of its domestic publications are located in a 169,000-square-foot warehouse in
Aurora, Illinois which has been rented under a lease which expires in 2010. Kaplan's headquarters offices are located at
888 7th Avenue in New York City, where Kaplan rents space on three floors under a lease which expires in 2017.
Overseas, Dublin Business School's facilities in Dublin, Ireland are located in four buildings aggregating approximately
54,000 square feet of space which have been rented under leases expiring between 2018 and 2028. The Financial
Training Company's two largest leaseholds are office and instructional space in London of 21,000 square feet and
28,000 square feet which are being occupied under leases that expire in 2007 and 2019, respectively. All other Kaplan
facilities in the United States and overseas (including administrative offices and instructional locations) also occupy leased
premises.
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. Newsweek also leases a portion of a building in Mountain Lakes, N.J. to
house its accounting, production and distribution departments. The lease on this space will expire in 2007 but is renewable
for two five-year periods at Newsweek's option.
Robinson Terminal Warehouse Corporation owns two wharves and several warehouses in Alexandria, Virginia. 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, Virginia, aggregating about 20 acres. These tracts are near The
Washington Post
's Virginia printing plant and include several warehouses. In 1992 Robinson purchased approximately 23
acres of undeveloped land on the Potomac River in Charles County, Maryland, for the possible construction of additional
warehouse capacity.
The offices of Washingtonpost.Newsweek Interactive occupy 85,000 square feet of office space in Arlington, Virginia
under a lease which expires in 2010. Express Publications Company subleases part of this space. In addition, WPNI
leases space in Washington, D.C. and subleases space from Newsweek in New York City for Slate 's offices in those
2004 FORM 10-K 21