Washington Post 2008 Annual Report Download - page 12

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THE WASHINGTON POST COMPANY 2008 FORM 10-K
PART I
Item 1. Business ...................................................................................... 1
Education ..................................................................................... 1
Cable Television Operations ....................................................................... 6
Newspaper Publishing ............................................................................ 13
Television Broadcasting ........................................................................... 16
Magazine Publishing ............................................................................. 20
Other Activities ................................................................................. 21
Production and Raw Materials ...................................................................... 21
Competition .................................................................................... 22
Executive Officers ............................................................................... 24
Employees ..................................................................................... 25
Forward-Looking Statements ........................................................................ 26
Available Information ............................................................................. 26
Item 1A. Risk Factors .................................................................................... 26
Item 1B. Unresolved Staff Comments ........................................................................ 28
Item 2. Properties ..................................................................................... 28
Item 3. Legal Proceedings ............................................................................... 30
Item 4. Submission of Matters to a Vote of Security Holders ....................................................... 31
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities .......... 32
Item 6. Selected Financial Data ........................................................................... 33
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations ........................... 33
Item 7A. Quantitative and Qualitative Disclosures About Market Risk ................................................. 33
Item 8. Financial Statements and Supplementary Data ........................................................... 34
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure .......................... 34
Item 9A. Controls and Procedures ........................................................................... 35
Item 9B. Other Information ................................................................................ 35
PART III
Item 10. Directors, Executive Officers and Corporate Governance ................................................... 36
Item 11. Executive Compensation ........................................................................... 36
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .................. 36
Item 13. Certain Relationships and Related Transactions, and Director Independence ..................................... 36
Item 14. Principal Accounting Fees and Services ................................................................ 36
PART IV
Item 15. Exhibits, Financial Statement Schedules ............................................................... 36
SIGNATURES ........................................................................................... 37
INDEX TO FINANCIAL INFORMATION ........................................................................ 38
Management’s Discussion and Analysis of Results of Operations and Financial Condition (Unaudited) ......................... 39
Financial Statements and Schedule:
Report of Independent Registered Public Accounting Firm ........................................................ 54
Consolidated Statements of Income and Consolidated Statements of Comprehensive (Loss) Income for the Three Fiscal Years Ended
December 28, 2008 ................................................................................ 55
Consolidated Balance Sheets at December 28, 2008 and December 30, 2007 ...................................... 56
Consolidated Statements of Cash Flows for the Three Fiscal Years Ended December 28, 2008 ............................ 58
Consolidated Statements of Changes in Common Shareholders’ Equity for the Three Fiscal Years Ended December 28, 2008 ..... 59
Notes to Consolidated Financial Statements .................................................................. 60
Financial Statement Schedule for the Three Fiscal Years Ended December 28, 2008:
Schedule II—Valuation and Qualifying Accounts ............................................................. 85
Ten-Year Summary of Selected Historical Financial Data (Unaudited) ................................................. 86
INDEX TO EXHIBITS ....................................................................................... 89