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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 acquired a Ford dealership in Manassas, VA, from the Battlefield Automotive Group. The purchase price was not disclosed. Christopher J. Ourisman and his team will manage the dealership, with Graham Holdings holding a 90% stake. This acquisition expands the company’s existing automotive portfolio, which includes Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner, and Ourisman Jeep Bethesda, positioning Graham Holdings for potential revenue growth in the automotive sector.
Graham Healthcare Group has acquired InTeliCare Health Services, marking its initial expansion into Florida. Finalized on December 15, 2021, this move aims to enhance personalized home health care access across the state. The integration will be part of Graham's Residential Home Health division, known for strong care networks in Michigan, Illinois, and Pennsylvania. CEO David Curtis highlighted the growing elderly population in Florida as an opportunity for growth. The acquisition is expected to retain InTeliCare's workforce and support operational efficiencies.
Kaplan has launched The Kindness Curriculum, a free program for K-12 students, coinciding with World Kindness Day on November 13, 2021. Designed in collaboration with The Kindness Factory, this curriculum aims to promote kindness in educational settings across the U.S. after successful implementation in nearly 3,000 schools in Australia. The curriculum emphasizes twelve core attributes and is aligned with CASEL competencies, hoping to reach over 25,000 schools by 2025.
Graham Holdings Company (NYSE: GHC) reported a net income of $39.6 million ($7.90 per share) for Q3 2021, down from $77.6 million ($15.22 per share) in Q3 2020. Total revenue rose 13% to $809.4 million, driven by gains in education, healthcare, and automotive sectors, although manufacturing and television broadcasting faced declines. Operating income was -$16.6 million, contrasting with $40.2 million a year prior. Impairments and COVID-19 impacts significantly influenced financials, with ongoing uncertainty for the remainder of the year.
Graham Holdings Company (NYSE: GHC) has announced a virtual Investor Day on December 9, 2021, from 1:00 p.m. to 3:00 p.m. ET. The event will feature discussions on the Company's operations and financials, alongside presentations from its management team. Registration is required to attend the live webcast, with access available on the Company’s website. An archived recording will also be accessible post-event. Graham Holdings operates in various sectors including education, media, and healthcare, and owns Kaplan and Graham Media Group.
Keller Williams has partnered with Kaplan to launch the KW School of Real Estate (KSCORE), a fully-digital training program set to begin operations in early 2022. Aimed at increasing diversity in the industry, KSCORE will provide diverse educational formats and state-approved prelicensing courses for aspiring real estate agents. The initiative targets the underrepresentation of Black, Hispanic, and Asian agents compared to their demographics in the general population. The program is expected to add over 15,000 new agents annually.
On October 13, 2021, Graham Media Group, a subsidiary of Graham Holdings Company (NYSE: GHC), appointed Terri Cope-Walton as Vice President and General Manager of WJXT and WCWJ in Jacksonville, Florida. She replaces Bob Ellis, who moved to WDIV in Detroit. Cope-Walton, with extensive experience as News Director at WRTV, is committed to localism and aims to strengthen community ties. Emily Barr, CEO of Graham Media Group, expressed enthusiasm about Cope-Walton's community involvement and leadership skills. She officially starts on November 15, 2021.
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