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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 quarterly dividend of
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.
Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.65 per share. This dividend is set to be paid on February 16, 2023, to shareholders of record by February 2, 2023. This consistent dividend payment underscores the company's commitment to returning value to its shareholders.
Projects In Knowledge (PIK), powered by Kaplan, launched videos highlighting the inspiring journeys of two individuals with ALS, showcasing their determination to live fulfilling lives. Andrea Peet, who has completed marathons in all 50 states, and David Lloyd Jr., who adapted his passion for racing to raise nearly $1 million for ALS research, share their stories to inspire others. PIK aims to educate medical professionals through these testimonials. Recently, PIK received Best-In-Class recognition from Bristol Myers Squibb for its innovative educational programs in lung cancer and psoriasis.
The College for Financial Planning has launched a new Financial Advising Accelerator certificate program aimed at helping individuals start their careers in financial advising. The online course, which takes approximately eight to 10 weeks to complete at 10 hours per week, focuses on practical skills like business planning and client communication. A recent survey indicated that many new entrants to the industry lack essential skills, prompting the need for this program. Tuition is set at
The Kaplan Educational Foundation (KEF) Executive Director Nolvia Delgado has been named to Crain's New York Business '40 Under 40' list for her efforts in promoting educational opportunities for underserved communities. KEF's Kaplan Leadership Program boasts an impressive 89% graduation rate for its participants, many of whom attend top U.S. colleges. Delgado, a KEF alumna, aims to empower community college students with the skills needed for future success. This recognition highlights KEF's commitment to increasing access to higher education.