GRAHAM HOLDINGS COMPANY - GHC STOCK NEWS

HelloFresh has partnered with Kaplan to provide GED courses at no cost for its hourly workers, aiming to help them achieve their high school equivalency diploma. Employees can choose between self-paced and live online courses. This initiative aligns with HelloFresh's commitment to employee development and education. Kaplan emphasizes the value of education and professional advancement linked to GED completion, with 97% of U.S. colleges and employers accepting the credential. Since 1942, over 20 million people have earned a GED, with graduates typically earning $9,000 more annually than those without.

NEW YORK – The Creating Pathways and Access for Student Success Foundation (CPASS) has partnered with Kaplan to provide prep courses for medical and dental school entrance exams, including the MCAT® and DAT®. This initiative aims to assist underrepresented Illinois students aspiring for STEM careers. Recipients will gain access to CPASS's academic support in key subjects and professional development workshops. The program reflects CPASS’s commitment to increase diversity in healthcare professions. Kaplan's involvement emphasizes its dedication to supporting educational access for underrepresented groups. This collaboration is anticipated to expand to reach more students in the summer.

Graham Holdings Company (NYSE: GHC) reported a substantial decline in net income for the year ended December 31, 2022, totaling $67.1 million ($13.79 per share), down from $352.1 million ($70.45 per share) in 2021. Excluding specific items, net income was $287.2 million ($59.03 per share) for 2022, compared to $162.6 million ($32.53 per share) in the prior year. Revenues rose 23% to $3.92 billion, driven by growth across all divisions. However, the company faced challenges including $129 million in impairment charges and a significant operating loss of $54.9 million in Q4 2022. Highlights included increased revenue from education and automotive divisions, while healthcare results were impacted by increased costs and expenses.

Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.65 per share, scheduled for payment on May 11, 2023. Shareholders on record as of April 20, 2023 will receive this dividend. This decision underscores the company's ongoing commitment to returning value to its shareholders.

Talladega College, Alabama’s first private liberal arts college for Black students, has partnered with Kaplan to offer all undergraduate students free prep courses for graduate admissions exams such as the GRE, GMAT, LSAT, and MCAT. This initiative aims to enhance the educational and professional opportunities for students, supported by Title III funding. Kaplan, known for its 85 years of test preparation experience, views this partnership as a critical investment for students' futures and a means to eliminate barriers to graduate education. Talladega College joins other HBCUs in this program, which reflects a trend toward supporting student success in high-stakes testing.

WDIV Local 4 has introduced a new customer service portal called "Help Desk" aimed at enhancing community engagement. This platform allows users to submit inquiries, access a growing knowledge base, and interact with the newsroom in real-time through live chats. Supported by Zendesk, Help Desk will optimize response times and compile data to drive news coverage. WDIV aims to provide customer-centric service, treating viewers as customers and focusing on delivering verified news information. The initiative is backed by a grant from the Google News Initiative, reinforcing WDIV's commitment to local journalism.

Delaware State University, ranked No. 2 among public HBCUs by U.S. News & World Report, has announced a partnership with Kaplan to provide all undergraduate students free test prep courses for graduate-level admissions exams such as GRE, GMAT, LSAT, and MCAT. This initiative aims to enhance educational accessibility, thereby improving graduation rates and economic mobility for first-generation and low-resource students. Kaplan's All Access program, recently adopted by Delaware State, follows similar partnerships with other institutions, reflecting a collaborative effort to support student success.

The College for Financial Planning, a Kaplan Company, introduces Freedom Scholarships for active duty U.S. military personnel and veterans. These scholarships aim to support individuals pursuing CFP® certification and Master’s degrees in finance. Awarded annually, they target those showing potential in financial planning or analysis. The scholarships cover tuition for various educational programs, with specific eligibility criteria including a bachelor’s degree for certain scholarships. The initiative underscores the College's commitment to enhancing educational opportunities for military members, acknowledging their leadership attributes.