GRAHAM HOLDINGS COMPANY - GHC STOCK NEWS

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.

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.