seven acres of land. Robinson also owns two partially developed tracts of land
in Fairfax County, Virginia, aggregating about 22 acres. These tracts are near
The Washington Post's satellite printing plant and include several warehouses.
In 1992 Robinson purchased approximately 23 acres of undeveloped land on the
Potomac River in Charles County, Maryland, for the possible construction of
additional warehouse capacity.
Stanley H. Kaplan Educational Center Ltd. owns a six-story building
located at 131 West 56th Street in New York City, which serves as the Manhattan
Educational Center, and a one-story building in Brooklyn, New York, which
houses Kaplan's printing and production facilities. Kaplan's headquarters
offices are located at 810 Seventh Avenue in New York City, where Kaplan rents
space on two floors under leases which expire between 1994 and 1998. All
Kaplan educational centers outside of Manhattan occupy leased premises.
Legi-Slate's offices are located in leased premises in Washington, D.C.
ITEM 3. LEGAL PROCEEDINGS.
The Company and its subsidiaries are parties to various civil lawsuits
that have arisen in the ordinary course of their businesses, including actions
for libel and invasion of privacy. Management does not believe that any
litigation pending against the Company will have a material adverse effect on
its business or financial condition.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
The Company's Class B Common Stock is traded on the New York Stock
Exchange under the symbol "WPO." The Company's Class A Common Stock is not
The high and low sales prices of the Company's Class B Common Stock during
the last two years were:
Quarter High Low High Low
------- ---- ----- ---- ---
<S> <C> <C> <C>
January - March . . . . . . . $ 242 $ 228 $ 242 $ 193
April - June . . . . . . . . 244 227 246 214
July - September . . . . . . 230 212 244 214
October - December. . . . . . 257 219 241 215
During 1993 the Company repurchased 99,800 shares of Class B
Common Stock in unsolicited transactions at prices no higher than the last sale
price on the New York Stock Exchange. Of the total shares repurchased in 1993,
36,800 shares were included in trading volume reported on that year's
consolidated tape and accounted for less than one percent of such volume.