Washington Post 2005 Annual Report Download - page 41

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:
2005 2004
Quarter High Low High Low
January Ó MarchÏÏÏÏÏÏÏ $963 $880 $921 $790
April Ó June ÏÏÏÏÏÏÏÏÏÏÏ 900 814 983 886
July Ó SeptemberÏÏÏÏÏÏÏ 900 787 956 830
October Ó December ÏÏÏ 806 717 999 862
During 2005 the Company did not repurchase any shares of its Class B Common Stock.
At January 31, 2006, there were 30 holders of record of the Company's Class A Common Stock and 966 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 $1.85 per share during 2005 and $1.75 per share during 2004.
Item 6. Selected Financial Data.
See the information for the years 2001 through 2005 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 30 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 30 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; to its borrowing and cash-management activities, which are subject
to interest rate risk; and to its foreign business operations, which are subject to foreign exchange rate risk. Neither the
Company nor any of its subsidiaries is a party to any derivative financial instruments.
Equity Price Risk
The Company has common stock investments in several publicly traded companies (as discussed in Note C to the
Company's Consolidated Financial Statements) that are subject to market price volatility. The fair value of these common
stock investments totaled $329,921,000 at January 1, 2006.
The following table presents the hypothetical change in the aggregate fair value of the Company's common stock
investments in publicly traded companies assuming hypothetical stock price fluctuations of plus or minus 10%, 20% and
30% in the market price of each stock included therein:
Value of Common Stock Investments Value of Common Stock Investments
Assuming Indicated Decrease in Assuming Indicated Increase in
Each Stock's Price Each Stock's Price
¿30% ¿20% ¿10% °10% °20% °30%
$230,945,000 $263,937,000 $296,929,000 $362,913,000 $395,905,000 $428,897,000
2005 FORM 10-K 25