GRAHAM HOLDINGS COMPANY - GHC STOCK NEWS

Librarium, in partnership with Meta Reality Labs and Kaplan, has launched an innovative VR app for test preparation on Meta Quest 2, priced at $19.99. This app aims to enhance memory retention and performance in students through gamified learning experiences using advanced VR technology. Initial offerings include over 100 curated flashcard decks and a specialized MCAT bundle developed with Kaplan. The collaboration seeks to revolutionize the $11 billion test prep market, providing engaging, immersive educational tools.

Residential Hospice, a division of Graham Healthcare Group, has acquired Comfort Hospice in St. Louis, Missouri, and Grace Hospice in Maumee, Ohio from U.S. Medical Management. This strategic acquisition marks Residential Hospice's entry into the Missouri and Ohio markets, expanding its footprint in the Midwest. The company plans to retain current employees to ensure continuity of care and will enhance patient and staff support with improved benefits and operational efficiencies. This move aims to make hospice care more accessible and align with Residential Hospice's commitment to quality patient care.

Metis, a premier data science training provider and part of Kaplan, has partnered with Florida International University (FIU) to introduce the FIU Data Science Bootcamp. This 24-week online program starts in October and features a project-based curriculum crafted by leading professionals. Six specialized 4-week courses cover essential topics such as Python fundamentals, exploratory data analysis, machine learning, and natural language processing. The initiative aims to equip learners with vital skills for lucrative careers in the growing data science sector.

The Kaplan Educational Foundation announces the college acceptances of its latest cohort in the Kaplan Leadership Program, which supports low-income and underrepresented community college students in obtaining bachelor's degrees from prestigious institutions. Established in 2006, the program offers extensive resources including tutoring, advisement, and stipends. This year, students received acceptances from renowned schools including Princeton University and Haverford College, with a historical 87% graduation rate for Kaplan Scholars.

Graham Holdings Company (NYSE: GHC) reported a net loss of $67.5 million ($13.95 per share) for Q2 2022, down from a profit of $115.4 million ($22.99 per share) in Q2 2021. Excluding certain items, net income was $59.7 million ($12.07 per share), up from $44.6 million ($8.85 per share) in the prior year. Revenue rose 16% to $933.3 million, driven by gains in education, broadcasting, and healthcare. However, the company faced a $165.5 million loss on marketable equity securities and declines in manufacturing revenues.

Kaplan has partnered with Amazon to provide career and academic advisement support to 750,000 hourly Amazon employees in the U.S. The initiative is part of Amazon’s Career Choice program aimed at helping employees upskill for career advancement. Kaplan's services include program identification, success coaching, resume development, and job preparation. This collaboration aims to enhance employee satisfaction and engagement. Both companies anticipate significant positive impacts on employees' career trajectories, strengthening Kaplan's presence in the business-to-business sector.

Haig Partners LLC advised Lustine Automall in its sale to Graham Ourisman Automotive, a venture between Graham Holdings Company (NYSE: GHC) and Chris Ourisman. The acquisition includes Lustine Toyota and Lustine Chrysler-Dodge-Jeep-Ram located in Woodbridge, VA. Haig Partners has facilitated the sale of 15 dealerships in Virginia and 29 nationwide in 2022. The dealerships are expected to thrive in the competitive DC automotive market, benefiting from strong product offerings from Toyota and Chrysler-Dodge-Jeep-Ram.

Graham Holdings Company (NYSE: GHC) has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, VA, from the Lustine Automotive Group. The financial terms of the deal were not disclosed. Christopher J. Ourisman will lead the operations at these dealerships with a team of industry professionals. Graham Holdings now owns five automotive dealerships, including locations in Rockville, Tysons Corner, Bethesda, and Manassas, VA, enhancing its market presence in the automotive sector.

The SEAL Future Foundation (SFF) has enhanced its partnership with Kaplan to provide U.S. Navy SEALs with Kaplan Credegree programs, allowing them to earn industry-recognized credentials at no cost. The programs include Certified Financial Planner, Certified Public Accountant, and many more, aimed at boosting job readiness. SFF's senior director emphasized the importance of these credentials for transitioning SEALs, while Kaplan's director expressed excitement in helping more veterans secure professional credentials. This initiative is aimed at preparing veterans for successful civilian careers.