Washington Post 2011 Annual Report Download - page 42

Graphic Communications Conference of the International Brotherhood of Teamsters (November 15, 2013); and 15
electricians, represented by the International Brotherhood of Electrical Workers (March 12, 2012). The agreement
covering 322 mailroom workers represented by the Communications Workers of America expired on May 18, 2003;
the parties reached a Comprehensive Tentative Agreement that was subject to ratification on December 16, 2009. WP
Company has twice failed to ratify the Comprehensive Tentative Agreement. The agreement covering 17 engineers,
carpenters and painters represented by the International Union of Operating Engineers expired on April 12, 2008;
negotiations have yet to produce a successor agreement.
Of the approximately 186 full-time and 71 part-time employees at The Daily Herald Company, about 51 full-time and 15
part-time employees are represented by one of three unions. The Hearld’s collective-bargaining agreement with the
Graphic Communications Conference of the International Brotherhood of Teamsters, which represents press operators,
expires on July 26, 2012; its agreement with The Newspaper Guild—Communications Workers of America, which
represents printers and mailers, expired on October 31, 2012; and its agreement with the International Brotherhood of
Teamsters, which represents bundle haulers, has been extended through December 31, 2013.
PNS has approximately 870 full-time employees, of whom about 134 are union-represented. Of the seven collective
bargaining agreements covering union-represented employees, five have expired and are being renegotiated. One
collective bargaining agreement will expire in 2012.
PNM has approximately 352 full-time and 145 part-time employees. The Company has approximately 115 full-time
employees. Each of the following—The Slate Group, FP Group, Social Code, Avenue100, Robinson Terminal
Warehouse Corporation, Greater Washington Publishing, Inc., Express Publications Company, LLC and El Tiempo Latino
LLC—employs fewer than 100 persons. None of these units’ employees is represented by a union.
Forward-Looking Statements
All public statements made by the Company and its representatives that are not statements of historical fact, including certain
statements in this Annual Report on Form 10-K and elsewhere in the Company’s 2011 Annual Report to Stockholders, are
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include comments about the Company’s business strategies and objectives, the prospects for growth in the
Company’s various business operations and the Company’s future financial performance. As with any projection or forecast,
forward-looking statements are subject to various risks and uncertainties, including the risks and uncertainties described in
Item 1A of this Annual Report on Form 10-K, that could cause actual results or events to differ materially from those
anticipated in such statements. Accordingly, undue reliance should not be placed on any forward-looking statement made
by or on behalf of the Company. The Company assumes no obligation to update any forward- looking statement after the
date on which such statement is made, even if new information subsequently becomes available.
Available Information
The Company’s Internet address is washpostco.com. The Company makes available free of charge through its website its
Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those
reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after
such documents are electronically filed with the Securities and Exchange Commission. In addition, the Company’s
Certificate of Incorporation, its Corporate Governance Guidelines, the Charters of the Audit and Compensation
Committees of the Company’s Board of Directors and the codes of conduct adopted by the Company and referred to in
Item 10 of this Annual Report on Form 10-K are each available on the Company’s website; printed copies of such
documents may be obtained by any stockholder upon written request to the Secretary of the Company at 1150
15th Street, NW, Washington, DC 20071.
Item 1A. Risk Factors.
The Company faces a number of significant risks and uncertainties in connection with its operations. The most significant
of these are described below. These risks and uncertainties may not be the only ones facing the Company. Additional
risks and uncertainties not presently known, or currently deemed immaterial, may adversely affect the Company in the
future. In addition to the other information included in this Annual Report on Form 10-K, investors should carefully consider
the following risk factors. If any of the events or developments described below occurs, it could have a material adverse
effect on the Company’s business, financial condition or results of operations.
• Failure to Comply With Statutory and Regulatory Requirements Could Result in Loss of Access to U.S. Federal
Student Loans and Grants Under Title IV, a Requirement to Pay Fines or Monetary Liabilities or Other Sanctions
To maintain Title IV eligibility, each group of schools combined into an OPEID unit must comply with the extensive statutory
and regulatory requirements of the Higher Education Act and other laws relating to its financial aid management,
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