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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.
Kaplan announces a partnership with the Digital Marketing Institute (DMI) to offer an industry-leading digital marketing certification program. The Digital Marketing PRO course will be part of the Kaplan Credegree™ Program, allowing students to earn recognized credentials while completing their degrees. Graduates will receive two certifications: DMI Certified Digital Marketing Professional and AMA Professional Certified Marketer. This initiative aims to address the digital skills gap and enhance job readiness, providing professionals with essential marketing skills.
Graham Holdings Company (NYSE: GHC) announced a quarterly dividend of $1.51 per share, scheduled for payment on November 4, 2021. Shareholders of record by October 15, 2021 will receive this dividend, reflecting the company's ongoing commitment to returning value to its shareholders.
WDIV-Local 4 has appointed Michele Aenlle-Hayes as the new National Sales Manager. Previously a Sales Executive at LocaliQ, Aenlle-Hayes brings extensive experience in achieving revenue goals across broadcast and digital advertising. In her role, she will oversee national client advertising schedules and manage the station's political business. Recognized for her contributions in sales, she is expected to strengthen WDIV's existing and future client relationships. The appointment takes effect from September 9.
Graham Holdings Company (NYSE: GHC) reported a significant increase in second-quarter net income, reaching $115.4 million ($22.99 per share) compared to $18.9 million ($3.60 per share) in the same period of 2020. Revenue also rose 23% to $801.2 million, driven by growth across various sectors such as education and television broadcasting. However, the ongoing impact of the COVID-19 pandemic continues to affect certain businesses, particularly in education. The company completed the acquisition of Leaf Group Ltd. for approximately $322 million, expanding its consumer internet portfolio.
Graham Holdings Company (NYSE: GHC) has successfully completed its acquisition of Leaf Group Ltd. (NYSE: LEAF) for $8.50 per share, amounting to approximately $323 million in total. Leaf Group, based in Santa Monica, CA, is a consumer internet entity known for its creator-driven brands that cater to audiences in lifestyle categories such as fitness, wellness, home, art, and design. The acquisition aims to strengthen Graham Holdings' market position by expanding its portfolio in these growing segments.
Graham Holdings Company (NYSE: GHC) has announced a regular quarterly dividend of $1.51 per share, set to be paid on August 5, 2021. This dividend payment will benefit shareholders who are on record by July 16, 2021. The declaration of this dividend indicates the company's ongoing commitment to returning value to its shareholders.
Graham Holdings Company (NYSE: GHC) reported a net income of $112.5 million ($22.44 per share) for Q1 2021, a significant recovery from a $33.2 million loss in Q1 2020. Revenues decreased by 3% to $712.5 million due to declines in education and television broadcasting. Despite this, operating income improved to $33.8 million from $8.1 million in the previous year. The company announced plans to acquire Leaf Group Ltd. for approximately $323 million, expected to close in mid-2021, which could enhance its digital presence.
Graham Holdings Company (NYSE:GHC) will conduct its 2021 Annual Meeting of Shareholders via webcast on May 6, 2021, at 8:30 a.m. (EDT), due to the COVID-19 pandemic. Shareholders of record on March 17, 2021 can access the meeting using their control number and password “GHC2021.” Participants holding shares through brokers should register by May 3, 2021. Questions can be submitted in advance via the company's website or during the webcast.
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