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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.
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.
Graham Holdings Company (NYSE: GHC) reported a net income of $77.6 million ($15.22 per share) in Q3 2020, up from $43.1 million ($8.05 per share) in Q3 2019. Revenue decreased by 3% to $717 million, primarily due to COVID-19 impacts, with declines in education and manufacturing. The company recorded an operating income of $40.2 million, significantly improved from $16.3 million a year ago. For the first nine months of 2020, the net income was $63.2 million, a notable drop from $182 million in 2019. Cost-reduction measures were implemented across divisions as the pandemic's effects are expected to persist into 2021.
Graham Holdings Company (NYSE: GHC) will host a virtual Investor Day on December 3, 2020, from 1:00 p.m. to 3:00 p.m. ET. The event will feature presentations from the management team discussing the company’s operations and financials. Interested parties must register in advance to participate, with an archived recording available for those unable to attend live. Graham Holdings is a diversified holding company with operations in education, broadcasting, healthcare, and manufacturing, among others.
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