Washington Post 2014 Annual Report Download - page 37

Forney Corporation
Forney Corporation (Forney) is a global supplier of burners, igniters, dampers and controls for combustion processes in
electric utility and industrial applications. Forney is headquartered in Addison, TX, and its manufacturing plant is in
Monterrey, Mexico. Forney’s customers include power plants and industrial systems around the world.
Joyce/Dayton Corp.
Joyce/Dayton Corp. (Joyce/Dayton) is a leading manufacturer of screw jacks, linear actuators and related linear motion
products and lifting systems in North America. Joyce/Dayton provides its lifting and positioning products to customers
across a diverse range of industrial end markets, including renewable energy, metals and metalworking, oil and gas,
satellite antennae and material handling sectors. The Company acquired Joyce/Dayton in May 2014.
Competition
Kaplan’s businesses operate in fragmented and competitive markets. KHE competes with both facilities-based and other
distance-learning providers of similar educational services, including not-for-profit colleges and universities and for-profit
businesses. PACE competes in each of its professional lines with other companies that provide preparation for exams
required for professional licenses, certifications and designations. KTP competes with a variety of regional and national
test preparation businesses, with individual tutors and with in-school preparation for standardized tests. Overseas, each of
Kaplan’s businesses competes with other for-profit companies and, in certain instances, with government-supported
schools and institutions that provide similar training and educational programs. Students choose among providers based
on program offerings, convenience, quality of instruction, reputation, placement rates, student services and cost.
Cable systems operate in a highly competitive environment. In addition to competing with over-the-air reception, cable
systems face competition from various other forms of video program delivery systems, including DBS services, telephone
companies and the Internet. Certain of the Company’s cable systems also have been partially or substantially overbuilt,
using conventional cable system technology, by various small to mid-sized independent telephone companies that
typically offer Internet and telephone service, as well as basic cable service. Local telephone companies compete with
cable systems in the delivery of high-speed Internet access by providing DSL service. In addition, on their own or via
strategic partnerships with DBS operators that permit telephone companies to package the video programming services of
DBS operators with telephone companies’ own DSL service, some telephone companies are competing with the video
programming and Internet services being offered by existing cable systems. Satellite-delivered broadband and high-
powered WiMAX services will increasingly provide competition to Cable ONE. Video programming, including broadcast
programming, is becoming more available on the Internet, where viewers can watch programming for free, as well as
access pay-per-view offerings. Cable ONE distinguishes itself from its competition by providing excellent local customer
service and consistently attaining very high levels of customer satisfaction.
GMG competes for audiences and advertising revenues with television and radio stations, cable systems and video services
offered by telephone companies serving the same or nearby areas; with DBS services; and, to a lesser degree, with other
media, such as newspapers and magazines. Cable systems operate in substantially all of the areas served by the Company’s
television stations, where they compete for television viewers by importing out-of-market television signals; by distributing pay-
cable, advertiser-supported and other programming that is originated for cable systems; and by offering movies and other
programming on a pay-per-view basis. In addition, DBS services provide nationwide distribution of television programming,
including pay-per-view programming and programming packages unique to DBS, using digital transmission technologies. The
Company’s television stations may also become subject to increased competition from low-power television stations, wireless
cable services and satellite master antenna systems, which can carry pay-cable and similar program material. In addition,
movies and television programming are available free of charge on the websites of the major TV networks, as well as on the
advertising-supported website Hulu.
The home health and hospice industries are extremely competitive and fragmented, consisting of both for-profit and non-
profit companies. Celtic and Residential compete primarily with privately owned and hospital-operated home health and
hospice service providers.
Executive Officers
The executive officers of the Company, each of whom is elected annually by the Board of Directors, are as follows:
Donald E. Graham, age 69, has been Chairman of the Board of the Company since September 1993 and Chief Executive
Officer of the Company since May 1991. Mr. Graham served as President of the Company from May 1991 until September
1993 and prior to that had been a Vice President of the Company for more than five years. Mr. Graham also served as
Publisher of the Post from 1979 until September 2000 and as Chairman of the Post from September 2000 to February 2008.
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