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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 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.
The Kaplan Performance Academy will host a free virtual discussion titled “Leading through Learning – is L&D a tactical fixer or strategic enabler?” on October 20, 2020, at 3.30pm GMT/9.30am CST. The event features author Kevin Green and Global Director Andrew Perkins, along with panelists from notable organizations. Key topics will include how corporate learning can align with organizational needs, enhance employee engagement, and support culture assimilation and self-esteem. For more details, visit here.
Graham Healthcare Group has partnered with WorldView Ltd. to launch a comprehensive document management solution aimed at optimizing its Patient Records Teams. By transitioning to WorldView's integrated home health products, such as MedAttach and Mobile Complete, Graham anticipates improved efficiency in document processing and revenue cycles. The collaboration promises to streamline operations, significantly reduce costs associated with multiple vendors, and enhance compliance while caring for over 100,000 patients annually.
The College for Financial Planning, a Kaplan Company, has introduced a $500,000 Diversity Scholarship Program to increase representation in the financial planning field. The program will award up to 60 scholarships annually to underrepresented individuals pursuing CFP certification. Currently, only 3.7% of certified planners are Black or Latino, and women represent just 23% of those certified. Scholarships cover full costs of a one-year CFP program, valued at approximately $7,600.
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