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Graham Holdings Company (NYSE: GHC) is a renowned diversified education and media enterprise. The company operates across various sectors, including educational services, television broadcasting, cable systems, and online, print, and local TV news. Its principal subsidiaries include Kaplan, a global leader in education, and Graham Media Group, which owns several prominent television stations like WDIV in Detroit and KPRC in Houston.
In addition, Graham Holdings owns Cable One, offering cable services to small-city subscribers across 19 states, and The Slate Group, known for its digital media brands such as Slate and Foreign Policy. The company is also invested in healthcare through Celtic Healthcare and Residential Healthcare Group, and boasts industrial holdings like Forney Corporation and Joyce/Dayton Corp.
Graham Holdings segments its operations into seven key areas: Kaplan International, Higher Education, Supplemental Education, Television Broadcasting, Manufacturing, Healthcare, and Automotive. The Kaplan International division, encompassing higher education, test prep, language instruction, and professional training, is the primary revenue driver. Television broadcasting is another significant revenue source, primarily through advertising.
The company is committed to innovation, with Trove spearheading digital advancements and SocialCode leading in social marketing solutions. Recent achievements include strategic partnerships, technological innovations, and expansions in educational services and digital media.
Graham Holdings Company (NYSE: GHC) has announced a regular quarterly dividend of $1.80 per share. The dividend will be payable on February 20, 2025, to shareholders who are on record as of February 3, 2025.
Kaplan has been recognized as a double winner in the American Consortium for Equity in Education's 2024 Excellence in Equity – Industry Impact Awards for its All Access License. The company won in both the Company of the Year - Higher Education and Career Readiness and Success Solution categories.
The All Access License enables colleges and universities to provide students with free access to Kaplan's test preparation resources for various admissions exams, licensure, and credentialing programs, including GRE®, GMAT®, LSAT®, MCAT®, NCLEX-RN®, USMLE®, Uniform Bar Exam® and Certified Financial Planner®. This initiative helps eliminate financial barriers and can save students collectively hundreds of thousands of dollars.
The Industry Impact Awards, which named 44 winners across 29 categories, recognizes organizations that have demonstrated proven results in advancing educational equity and access. The All Access License has also received recognition from Fast Company's 2024 World Changing Ideas Awards, and Kaplan was honored in Inc.'s Power Partner Awards for helping businesses grow.
The College for Financial Planning (CFFP), a Kaplan Company, has joined the CFA Institute University Affiliation Program. The institution's Master's of Science in Financial Analysis program has been recognized for incorporating over 70% of the CFA Program curriculum and emphasizing the CFA Institute's ethical standards.
This achievement places CFFP among an elite group, as only about 800 out of more than 15,000 global business programs are CFA Institute-approved. The online program focuses on advanced financial analysis, critical thinking, and ethics. Students who complete 15 of 30 credit hours gain access to Kaplan Schweser review materials, which continues post-graduation to support CFA exam preparation. Additionally, CFFP becomes eligible to receive CFA Program Student Scholarships annually.
Residential Home Health and Hospice, a division of Graham Healthcare Group, has been recognized as one of the Best Places to Work in PA for the third consecutive year by the Central Penn Business Journal and Lehigh Valley Business, in partnership with Best Companies Group.
The recognition is based on a confidential third-party survey measuring employee experience and workplace culture. Companies must maintain a significant presence in Pennsylvania and meet minimum employee requirements to qualify. The award highlights Residential's commitment to creating a positive work environment and innovative employee benefits programs.
According to Suzanne Fischer-Huettner, managing director of BridgeTower Media/Central Penn Business Journal and Lehigh Valley Business, winning organizations demonstrate leadership in employee-first policies and innovative benefits. LeeAnn Lang, Senior Vice President of Administration and Human Resources at Graham Healthcare Group, emphasized that the award reflects their dedication to prioritizing the employee experience.
Kaplan Schweser has released its 2024 CFA Program Survey, revealing significant insights about the impact of artificial intelligence and career satisfaction among CFA charterholders and candidates. The survey shows that 82% of respondents report AI affecting their job roles, with 70% believing AI will add future value.
Key findings include: 60% of respondents reported higher career satisfaction after passing their recent exam or becoming charterholders. Regarding the new CFA Institute Pathways program, 36% plan to pursue Portfolio Management, 15% each for Private Wealth and Private Markets pathways. On ESG investing, 38% believe it will enhance their effectiveness, while 41% are optimistic about its long-term impact on asset management.
Kaplan has released its annual medical school admissions officers survey, revealing important insights into the medical school application process. The survey highlights that a low MCAT score remains the biggest application deal-breaker at 39%, followed by low GPA (24%) and lack of clinical experience (20%).
Regarding AI usage, only 3% of schools allow Generative AI for admissions essays, while 36% prohibit it. On social media screening, 31% of admissions officers have checked applicants' profiles, with 81% considering it acceptable practice.
The survey also found that 63% of admissions officers believe medical school rankings have lost prestige. On political involvement, opinions are divided: 41% support medical schools issuing statements on political topics, while 47% oppose it, with only 30% approving of how schools addressed political issues in the past academic year.
Kaplan has been named to Inc.'s 2024 Best in Business list in multiple categories including Education, General Excellence, Extra Large Company Size, and Enduring Impact. The recognition highlights Kaplan's All Access License initiative, launched in 2022, which enables college students to access various test preparation courses at no cost when their institutions invest in the program. The license covers preparation for major exams including GRE®, GMAT®, LSAT®, MCAT®, bar exam, USMLE®, and NCLEX-RN®. Partner institutions include Cleveland State University, Xavier University of Louisiana, Howard University, and others, with the program already saving thousands of students millions of dollars.
APACS (Association for Program Administrators of CSTEP and STEP) has partnered with Kaplan to provide free test prep courses for graduate-level admissions exams to students at 27 member institutions across New York. The partnership includes preparation for GRE®, GMAT®, LSAT®, MCAT® and DAT® exams, along with technical and soft skills-building courses. Participating schools include Fordham University, Hofstra University, and several SUNY institutions. The initiative aims to support students pursuing careers in STEM, health, and licensed fields, with zero out-of-pocket costs. This comes as New York's STEM workforce grew 67% between 2011-2022, with STEM jobs averaging $193,000 annually.
Albion College has partnered with Kaplan to provide free test preparation courses and skills development resources to all its students, faculty, staff, and alumni. The partnership, known as the All Access License, covers preparation for graduate-level admissions exams including GRE®, GMAT®, LSAT®, and MCAT®, along with career readiness and data literacy courses. Albion is the first institution to extend these benefits to alumni, faculty, and staff, joining other notable institutions like Xavier University of Louisiana and Howard University in this initiative. The partnership aims to break down barriers and create opportunities for academic and professional success.
The Kaplan Educational Foundation (KEF) has announced its new cohort of scholars for the 2024-2025 Kaplan Leadership Program (KLP). The program, established in 2006, supports low-income community college students in completing their associate degrees and transferring to selective four-year institutions. The program provides comprehensive support including stipends, tutoring, academic advisement, and leadership training. Eleven new scholars from various community colleges have been selected. The program boasts a 92% bachelor's degree completion rate, significantly higher than the national average of 16% for community college transfers. KEF recently received a three-year grant from the Ichigo Foundation to launch a Community College Bridge Program targeting high school students.