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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.
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.
Kaplan has launched Career Core™, a career-services initiative in collaboration with multiple universities, aimed at enhancing job readiness among students. This program provides access to industry-specific advisors, rigorous career curricula, and opportunities for obtaining recognized credentials. With backing from notable universities, Career Core addresses the challenges of work readiness amid budget cuts in higher education. Kaplan generates over $1 billion in economic impact for partners globally, reflecting its commitment to enhancing educational services.
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.
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