Washington Post 2008 Annual Report Download - page 41

Test Prep business; a 15,000-square-foot three-story building in Berkeley, CA, used for its Test Prep and English-language
training businesses; a 25,000-square-foot one-story building in Omaha, NE, which is currently vacant; a 131,000-
square-foot five-story brick building in Manchester, NH, used by Hesser College; a 25,000-square-foot building in
Hammond, IN, used by Kaplan Career College (formerly Sawyer College); a 45,000-square-foot three-story brick
building in Houston, TX, used by the Texas School of Business; and a 34,000-square-foot building in London, U.K., and
a 2,200-square-foot building in Oxfordshire, U.K., each of which is used by Holborn College. Kaplan University’s
corporate offices, together with a data center, call center and employee-training facilities, are located in two 97,000-
square-foot leased buildings located on adjacent lots in Ft. Lauderdale, FL. Both of those leases will expire in 2017. In
December 2008, Kaplan University entered into an agreement to lease a two-story, 124,500-square-foot building in
Orlando, FL, to house additional call center and employee-training facilities, and a data center. One floor at the Orlando
facility will be sublet to a third party through July of 2009. Kaplan’s distribution facilities for most of its domestic
publications are located in a 291,000-square-foot warehouse in Aurora, IL, under a lease expiring in 2017. Kaplan’s
headquarters offices are located at 888 7th Avenue in New York City, where Kaplan rents space on three floors under a
lease that will expire in 2017. Overseas, DBS’s facilities in Dublin, Ireland, are located in nine buildings aggregating
approximately 79,000 square feet of space that have been rented under leases expiring between 2009 and 2029.
Kaplan Publishing has an office and distribution warehouse in Wokingham, Berkshire, of 25,000 square feet, under a
lease expiring in 2016. Kaplan Financial’s largest leaseholds are office and instructional space in London of
33,000 square feet (which lease will expire in 2033), 21,000 square feet (which lease will expire in 2015), and
28,000 square feet (comprising six separate leases, which leases will expire in 2015); office and instructional space in
Birmingham of 23,500 square feet (comprising two separate leases, which leases will expire in 2017); office and
instructional space in Manchester of 26,000 square feet (comprising five separate leases, which leases will expire in
2027); and office and instructional space in Wales of 34,000 square feet (on an open-ended lease with termination on
12 months’ notice). Kidum has 44 locations throughout Israel, all of which are occupied under leases expiring between
2009 and 2012. All other Kaplan facilities in the United States and overseas (including administrative offices and
instructional locations) also occupy leased premises.
WP Company owns the principal offices of The Washington Post in downtown Washington, DC, including both a seven-
story building in use since 1950 and a connected nine-story office building on contiguous property completed in 1972 in
which the Company’s principal executive offices are located. WP Company also owns and occupies a small office
building on L Street which is connected to The Post’s office building. Additionally, WP Company owns land on the corner
of 15th and L Streets, NW, in Washington, DC, adjacent to The Post’s office building. This land is leased on a long-term
basis to the owner of a multi-story office building that was constructed on the site in 1982. WP Company rents one floor
in this building, which it has subleased to a third party.
WP Company owns a printing plant in Fairfax County, VA, which was built in 1980 and expanded in 1998. That
facility is located on 19 acres of land owned by WP Company. WP Company also owns a printing plant and
distribution facility in College Park, MD, which was built in 1998 on a 17-acre tract of land owned by WP Company.
As noted previously, WP Company plans to close this facility in 2009.
The Daily Herald Company owns its plant and office building in Everett, WA; it also owns two warehouses and a small
rental building adjacent to its plant, as well as a small office building in Lynnwood, WA.
Early in 2007, Post–Newsweek Media, Inc. completed the construction of a two-story combination office building and
printing plant on a 7-acre plot in Laurel, MD. In July 2006, The Gazette sold the two-story brick building in Gaithersburg,
MD, that served as its headquarters, although certain editorial and administrative personnel occupied the building until
early 2008. At this time, the staff moved into the renovated two-story brick building, also in Gaithersburg, that had
formerly held the Montgomery County printing operations for Post–Newsweek Media. The Company closed a printing
facility in Waldorf, MD, in 2008 that served as the headquarters for the Southern Maryland Newspapers. In May 2007,
the Company finished construction of a one-story brick building in St. Mary’s County and moved that county’s editorial
and sales staff to this property. In addition to this owned property, Post–Newsweek Media leases editorial and sales
office space in Alexandria, VA, and in Frederick, Carroll, Calvert and Prince George’s Counties, MD.
The headquarters offices of the Company’s broadcasting operations are located in Detroit, MI, 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). In January 2007, the Company’s Post–Newsweek
Stations subsidiary purchased a 5.8-acre site north of Miami on which it is constructing a new building to house the
operations of WPLG and sold WPLG’s existing facility in Miami. WPLG will continue to occupy this facility pursuant to a
lease with the new owner until the new building in completed.
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