STOCK TITAN
  1. Home
  2. News
  3. GHC

Graham Holdings Company to Sell Megaphone to Spotify

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

ARLINGTON, Va.--()--Graham Holdings Company (NYSE: GHC) announced today that it has entered into an agreement with Spotify Technology S.A. (NYSE: SPOT) to sell Megaphone for $235 million. Megaphone is a podcast technology company that provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners.

“Spotify will be a great home for Megaphone. I am proud of the Megaphone team and what they have built, and we look forward to their continued success,” said Timothy J. O’Shaughnessy, president and chief executive officer of Graham Holdings Company.

The transaction is subject to regulatory approval and the satisfaction of other closing conditions.

Allen & Company LLC assisted in the sale process.

Contacts

Pinkie Mayfield
(703) 345-6450
Pinkie.Mayfield@ghco.com

Stock GHC logo
Graham Holdings Company

NYSE:GHC

GHC Rankings

#1486 Ranked by Market Cap
#2634 Ranked by Stock Gains
#1848 Ranked by Dividends

GHC Latest News

May 21, 2024
Sun Sentinel Names Kaplan a Winner of the South Florida Top Workplaces 2024 Award, Marking its Fourth Consecutive Annual Recognition
May 16, 2024
Kaplan Certified as a Most Loved Workplace® for Fourth Consecutive Year, a Recognition of Employees’ On-The-Job Happiness and Career Satisfaction
May 14, 2024
Fast Company Names Kaplan’s All Access License as a Winner in its 2024 World Changing Ideas Awards
May 8, 2024
Manhattan Prep/Kaplan Survey: Most Future Business School Applicants Wary About Unrestricted Use of AI in Admissions Essays
May 7, 2024
Graham Holdings Company Declares Regular Quarterly Dividend

GHC Stock Data

3.29B
3.33M
18.32%
82.9%
1.23%
Colleges, Universities, and Professional Schools
Educational Services
Link
United States of America
ARLINGTON

About GHC

graham holdings company (nyse: ghc) is a diversified education and media company whose principal operations include educational services, television broadcasting, cable systems and online, print and local tv news. the company owns kaplan, a leading global provider of educational services; graham media group (wdiv–detroit, kprc–houston, wkmg–orlando, ksat–san antonio, wjxt–jacksonville); cable one, serving small-city subscribers in 19 midwestern, western and southern states; the slate group (slate, slate v, theroot); and foreign policy. the company also owns trove, a digital team focused on innovation and experimentation with emerging technologies; socialcode, a leading social marketing solutions company; celtic healthcare; forney corporation; joyce/dayton corp.; and residential healthcare group.