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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.
Residential Home Health and Hospice, part of Graham Healthcare Group, has been honored as a 2024 Top Workplace by the St. Louis Post-Dispatch. This marks the fourth time Residential has received this recognition in the St. Louis market. The award, based solely on confidential employee feedback gathered by Energage, highlights exceptional workplace culture. The survey evaluates areas such as coaching, connection, engagement, leadership, and benefits. Senior VP LeeAnn Lang emphasized that the award underscores the company's dedication to creating a positive employee environment. Residential Home Health and Hospice is actively hiring for various positions.
A recent survey by Manhattan Prep and Kaplan reveals that most MBA applicants believe their social media posts are 'fair game' for admissions officers. The survey, conducted among 306 aspiring business school students, found that 59% consider social media checks fair, while 41% view it as an invasion of privacy.
Furthermore, 66% of respondents believe their social media content would not impact their admissions chances, 22% think it would help, and 12% feel it would hurt. Only a small portion (3%) plan to delete posts before applying.
Stacey Koprince, director of content and curriculum at Manhattan Prep, notes that while social media is a factor, key admission criteria include standardized test scores, work experience, GPA, recommendations, essays, and interviews. It is advised that applicants remain cautious about their online presence.
Kaplan's All Access License has been awarded the 'Test Prep Innovation of the Year' for the second consecutive year by EdTech Breakthrough. This accolade highlights Kaplan's significant contribution to the educational technology sector. The All Access License allows colleges and universities to offer students free access to Kaplan's test prep resources, covering exams like the GRE, GMAT, LSAT, MCAT, NCLEX-RN, USMLE, and others, potentially saving students hundreds of thousands of dollars. Notable partners include Xavier University of Louisiana, Howard University, Spelman College, and Cleveland State University. This initiative primarily benefits underserved minorities, first-generation college students, and low-income families, aiming to diversify professional fields.
The City University of New York (CUNY) School of Law has expanded its partnership with Kaplan to provide free bar exam preparation courses for all its graduating students starting with the class of 2024. This initiative aims to support student success from the first day of law school through the bar exam. Kaplan will also offer enhanced curriculum support throughout the students' academic journey. The partnership is part of Kaplan's All Access initiative, which provides comprehensive test prep at no cost to students. CUNY joins other institutions like Rutgers Law School and Howard University in this program.
Kaplan, a global educational services provider, has been honored with the South Florida Top Workplaces 2024 award by the Sun Sentinel. This marks the fourth consecutive year Kaplan has received this accolade, which is based entirely on employee feedback collected through a survey conducted by Energage. The survey assesses employee experiences, including respect, support, and growth opportunities. CEO Gregory Marino and Chief People Officer Yvonne Yancy highlighted employee dedication and satisfaction as key contributors to this recognition. Earlier this month, Kaplan also received the Most Loved Workplace certification from the Best Practice Institute for the fourth year in a row.
Kaplan, a global provider of educational services, has been certified as a Most Loved Workplace® for the fourth consecutive year by Best Practice Institute (BPI). This certification is based on Kaplan's scores from the Love of Workplace Index™, which evaluates employee satisfaction and sentiment, including respect, collaboration, support, and a sense of belonging. CEO Gregory Marino and Chief People Officer Yvonne Yancy emphasized that this recognition highlights Kaplan's commitment to employee engagement and talent development. The study by BPI noted that increased employee sentiment correlates with higher productivity and longer employee tenure.
Fast Company has recognized Kaplan's All Access License as a winner in the 2024 World Changing Ideas Awards in the Large Business: 1,000+ Employees category. Launched in 2022, Kaplan’s All Access License offers colleges and universities the chance to provide free test prep courses for various high-stakes exams, including the GRE, GMAT, and LSAT, at zero cost to students. This initiative has already seen positive outcomes, with Cleveland State University extending the offering to alumni and half of all participating students coming from underserved backgrounds. Kaplan, with over 85 years of test prep experience, aims to close the opportunity gap and improve career readiness for students, particularly those from minority and low-income families. Kaplan was previously honored in 2023 on Fast Company’s Brands That Matter list for its cultural relevance and community impact.
A recent survey by Manhattan Prep/Kaplan revealed that most aspiring MBA students have mixed attitudes towards the use of AI in admissions essays. While 56% are in favor of AI tools with restrictions, 20% oppose their use entirely. Only a few business schools have policies on AI use in essays, indicating an unresolved issue. Additionally, concerns exist about the unfair advantage AI might provide and the lack of writing skills among applicants. Despite this, many students are open to using AI if allowed by schools.
Graham Holdings Company (NYSE: GHC) has announced a regular quarterly dividend of $1.72 per share, payable on August 8, 2024, to shareholders of record on July 18, 2024.
University of Detroit Mercy (UDM) has partnered with Kaplan to offer free comprehensive test prep courses for graduate-level admissions exams and licensing exams, including the GRE, GMAT, LSAT, MCAT, INBDE, NCLEX-RN exam, and others. This alliance aims to enhance student success in graduate and professional schools, professional licensing exams, and overall employability. The partnership provides students with access to Kaplan's All Access License for free, eliminating costs for test preparation services.
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