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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.
The College for Financial Planning—a Kaplan Company has introduced a Spanish-language version of the Financial Paraplanner Qualified ProfessionalSM (FPQP®) designation program. This program targets Spanish-speaking or bilingual advisors to enhance their understanding of financial terms and concepts in Spanish, enabling better client communication and relationships. Serving the growing Hispanic community, the course supports financial services companies in understanding and meeting Hispanic clients' needs, aspirations, and financial goals.
Graham Holdings Company (NYSE: GHC) reported its financial results for the first quarter of 2024, showing a revenue of $1,152.7 million, up 12% from the same period in 2023. Operating income improved to $35.4 million, and adjusted operating cash flow rose to $82.8 million. The Company had $815.6 million in borrowings outstanding, cash and investments totaling $981.9 million, and reported net income of $124.4 million ($27.72 per share) for Q1 2024.
The Kaplan Educational Foundation will honor Danielle Conley and Harold Elish for their commitment to equity and opportunity at a Gala Event in New York City on May 15th. Ms. Conley and Mr. Elish have demonstrated dedication to increasing opportunities for overlooked and underserved individuals. Danielle Conley is a partner at Latham & Watkins, LLP, with extensive experience in civil rights and diversity initiatives. Harold Elish, a Managing Director at UBS, focuses on providing financial planning and investment services. KEF aims to help community college students earn bachelor's degrees at top schools, with a 92% success rate.
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