Washington Post 2010 Annual Report Download - page 53

Test Prep Business relocated from 888 7th Avenue and 1440 Broadway, respectively, to consolidated space at 395
Hudson Street, occupying two floors and approximately 159,540 square feet of space. Kaplan, Inc. is marketing the
vacated space at 888 7th Avenue for sublease as the current lease will expire in 2017. Overseas, DBS’s facilities in
Dublin, Ireland, are located in six buildings aggregating approximately 83,000 square feet of space that have been
rented under leases expiring between 2016 and 2029. Kaplan Publishing has an office and distribution warehouse in
Wokingham, Berkshire, U.K., 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 will expire in 2033), 21,000
square feet (which will expire in 2015) and 35,000 square feet (comprising six separate leases, which will expire in
2015); office and instructional space in Birmingham of 23,500 square feet (comprising two separate leases, which will
expire in 2017); office and instructional space in Manchester of 26,000 square feet (comprising of five separate leases,
which will expire in 2022); 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 19 locations throughout Israel, all of which are occupied under leases
expiring between 2010 and 2015. All other Kaplan facilities in the U.S. and overseas (including administrative offices
and instructional locations) occupy leased premises.
The headquarters offices of Cable ONE are located in a three-story office building in Phoenix, AZ, that was purchased
by Cable ONE in 1998. Cable ONE purchased an adjoining two-story office building in 2005; that building is currently
leased to third-party tenants. 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 call-center operations in 60,000 square feet of rented space in Phoenix under a lease that will expire in 2013.
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 that 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 multistory 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. In July 2009, WP Company closed a printing plant and
distribution facility in Prince George’s County, MD, that was built in 1998 on a 17-acre tract of land owned by WP
Company. This property was sold in 2010.
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.
Post–Newsweek Media, Inc. owns a two-story combination office building and printing plant on a seven-acre plot in
Laurel, MD. Post–Newsweek Media, Inc. also owns a one-story brick building in St. Mary’s County used by editorial
and sales staff and office space in Montgomery and Charles counties, MD. In addition to these owned properties,
Post–Newsweek Media leases editorial and sales office space in Frederick, Carroll, Calvert and Prince George’s
counties, MD, and Fairfax County, VA.
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, Jacksonville and Miami, where the tower sites are 50% owned).
Robinson Terminal Warehouse Corporation owns two wharves and several warehouses in Alexandria, VA. These facilities
are adjacent to the business district and occupy approximately 7 acres of land. Robinson also owns two partially
developed tracts of land in Fairfax County, VA, aggregating about 20 acres. These tracts are near The Washington
Post’s Virginia printing plant and include several warehouses. Robinson also owns 23 acres of undeveloped land on the
Potomac River in Charles County, MD.
WP Company has assumed financial responsibility for the lease of approximately 85,000 square feet of office space in
Arlington, VA, that will expire in 2015. The space has been subleased because the Washington Post Digital and Slate
employees who worked there have been relocated to Washington, DC, following the integration of Washington Post
Digital’s business into WP Company. In addition, WP Company leases space in New York City for certain Slate Group
and corporate personnel, and digital and print sales representatives. WP Company also leases office space for sales
representatives in Chicago, Los Angeles, and San Francisco. The Slate Group leases space in Washington, DC, for its
staff in that city and additional space in Washington, DC, to house Foreign Policy magazine.
2010 FORM 10-K 37