Washington Post 2004 Annual Report Download - page 38

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cities, and also leases oÇce space for WPNI sales representatives in New York City, Chicago, San Francisco and Los Angeles.
Greater Washington Publishing's offices are located in leased space in Fairfax, Virginia, while El Tiempo Latino LLC's
offices are located in leased space in Arlington, Virginia.
Item 3. Legal Proceedings.
The Company and its subsidiaries are defendants in various civil lawsuits that have arisen in the ordinary course of their
businesses, including actions alleging libel, invasion of privacy and violations of applicable wage and hour laws. While it is
not possible to predict the outcome of these lawsuits, in the opinion of management their ultimate disposition should not
have a material adverse effect on the financial position, liquidity or results of operations of the Company.
Item 4. Submission of Matters to a Vote of Security Holders.
Not applicable.
PART II
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities.
The Company's Class B Common Stock is traded on the New York Stock Exchange under the symbol ""WPO.'' The
Company's Class A Common Stock is not publicly traded.
The high and low sales prices of the Company's Class B Common Stock during the last two years were:
2004 2003
Quarter High Low High Low
January Ó MarchÏÏÏÏÏÏÏ $921 $790 $764 $659
April Ó June ÏÏÏÏÏÏÏÏÏÏÏ 983 886 741 679
July Ó SeptemberÏÏÏÏÏÏÏ 956 830 752 650
October Ó December ÏÏÏ 999 862 820 667
During 2004 the Company did not repurchase any shares of its Class B Common Stock.
At January 31, 2005, there were 28 holders of record of the Company's Class A Common Stock and 1,006 holders of
record of the Company's Class B Common Stock.
Both classes of the Company's Common Stock participate equally as to dividends. Quarterly dividends were paid at the
rate of $1.75 per share during 2004 and $1.45 per share during 2003.
Item 6. Selected Financial Data.
See the information for the years 2000 through 2004 contained in the table titled ""Ten-Year Summary of Selected
Historical Financial Data'' which is included in this Annual Report on Form 10-K and listed in the index to financial information
on page 27 hereof (with only the information for such years to be deemed filed as part of this Annual Report on Form 10-
K).
Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations.
See the information contained under the heading ""Management's Discussion and Analysis of Results of Operations and
Financial Condition'' which is included in this Annual Report on Form 10-K and listed in the index to financial information on
page 27 hereof.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
The Company is exposed to market risk in the normal course of its business due primarily to its ownership of marketable
equity securities, which are subject to equity price risk, and to its borrowing activities, which are subject to interest rate risk.
22 THE WASHINGTON POST COMPANY