GRAHAM HOLDINGS COMPANY - GHC STOCK NEWS

Graham Holdings Company (GHC) reported a net income of $300.4 million ($58.13 per share) for the year ended December 31, 2020, down from $327.9 million ($61.21 per share) in 2019. The net income for Q4 2020 was $237.1 million ($47.34 per share), significantly higher than $145.9 million ($27.25 per share) in Q4 2019. Revenue decreased by 1% to $2,889.1 million, with notable declines in education and manufacturing due to COVID-19. The company expects persistent adverse impacts from the pandemic into 2021. Non-GAAP net income was $158.1 million ($30.60 per share) for 2020, reflecting ongoing restructuring and impairment charges.

Graham Holdings Company (NYSE: GHC) has elected Tony Allen to its Board of Directors. Allen is the President of Delaware State University, managing over 5,000 students and overseeing a $144 million budget. His experience includes leading the Corporate Reputation Group at Bank of America, and he served as a special assistant to Senator Joseph R. Biden, Jr.

Chairman Donald E. Graham praised Allen's diverse background in public service and education, highlighting his expertise as a valuable asset to the board.

Graham Holdings Company (NYSE: GHC) has declared a quarterly dividend of $1.51 per share. This dividend is set to be paid on May 13, 2021, to shareholders recorded on April 16, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

The University of Montana has partnered with Kaplan to introduce Kaplan Credegree programs across over 30 technology fields. This initiative aims to enhance job readiness for students by combining traditional four-year degrees with industry-recognized credentials. Programs will focus on high-demand areas like cybersecurity and data science. A 2019 survey indicates that 70% of respondents value this blended education model. With Montana's tech sector growing significantly, these offerings are seen as vital for student success and employability.

Dr. Andrew Temte, CFA, emphasizes the importance of balanced leadership in his upcoming book, Balancing Act: Teach Coach Mentor Inspire, set for release on April 6, 2021. He identifies key contrasts leaders face, including strength vs. vulnerability and confidence vs. selflessness. Temte shares personal experiences highlighting the need for balance in both personal and professional life. The book aims to guide leaders on enhancing performance through empathy and communication. It is currently available for pre-order at a price of $24.99.

Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.51 per share. This dividend will be paid on February 18, 2021 to shareholders on record as of February 4, 2021. This move reflects the company's ongoing commitment to returning value to its shareholders while maintaining a stable financial outlook.

Metis has introduced new online bootcamps and short immersive courses aimed at enhancing data science and analytics training. The updated offerings include four specialized bootcamps, ranging from six to 14 weeks, and seven two-week immersive courses. The bootcamps will provide mentorship from seasoned industry professionals. Scholarships of $2,000-$3,000 are available for underrepresented groups. Additionally, a dedicated Career Week will be added to assist graduates in job placement. Applications for the March 2021 bootcamps are now open.

Graham Holdings Company (NYSE: GHC) has successfully completed the sale of its podcast technology subsidiary, Megaphone, to Spotify Technology S.A. (NYSE: SPOT). Megaphone specializes in offering hosting and ad-insertion solutions for publishers and tailored ad sales for brand partners. This strategic sale is expected to enhance GHC's focus on its core business operations and potentially improve financial performance in the long term.

Graham Holdings Company (NYSE: GHC) has reached an agreement to sell its podcast technology subsidiary, Megaphone, to Spotify Technology S.A. (NYSE: SPOT) for $235 million. Megaphone specializes in hosting and ad-insertion capabilities for publishers and targeted ad sales for brands. This transaction is pending regulatory approval and other closing conditions. Timothy J. O’Shaughnessy, president and CEO of Graham Holdings, expressed confidence in Megaphone's future under Spotify.