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Graham Holdings Company reports news about a diversified holding company with businesses in education, television broadcasting, healthcare, manufacturing, automotive dealerships and other operations. Recurring updates include consolidated and division operating results, regular dividend declarations, annual-meeting materials and portfolio actions involving Kaplan businesses.
Kaplan-related announcements cover education programs and partnerships across areas such as financial planning certificates, professional licensure exam preparation and other academic or career-focused services. Company updates also describe how segment performance changes across education, broadcasting, healthcare, manufacturing, automotive and other businesses affect reported revenue, operating income and cash-flow measures.
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Kaplan announces a partnership with the Digital Marketing Institute (DMI) to offer an industry-leading digital marketing certification program. The Digital Marketing PRO course will be part of the Kaplan Credegree™ Program, allowing students to earn recognized credentials while completing their degrees. Graduates will receive two certifications: DMI Certified Digital Marketing Professional and AMA Professional Certified Marketer. This initiative aims to address the digital skills gap and enhance job readiness, providing professionals with essential marketing skills.
Graham Holdings Company (NYSE: GHC) announced a quarterly dividend of $1.51 per share, scheduled for payment on November 4, 2021. Shareholders of record by October 15, 2021 will receive this dividend, reflecting the company's ongoing commitment to returning value to its shareholders.
WDIV-Local 4 has appointed Michele Aenlle-Hayes as the new National Sales Manager. Previously a Sales Executive at LocaliQ, Aenlle-Hayes brings extensive experience in achieving revenue goals across broadcast and digital advertising. In her role, she will oversee national client advertising schedules and manage the station's political business. Recognized for her contributions in sales, she is expected to strengthen WDIV's existing and future client relationships. The appointment takes effect from September 9.
Graham Holdings Company (NYSE: GHC) reported a significant increase in second-quarter net income, reaching $115.4 million ($22.99 per share) compared to $18.9 million ($3.60 per share) in the same period of 2020. Revenue also rose 23% to $801.2 million, driven by growth across various sectors such as education and television broadcasting. However, the ongoing impact of the COVID-19 pandemic continues to affect certain businesses, particularly in education. The company completed the acquisition of Leaf Group Ltd. for approximately $322 million, expanding its consumer internet portfolio.
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Graham Holdings Company (NYSE: GHC) has successfully completed its acquisition of Leaf Group Ltd. (NYSE: LEAF) for $8.50 per share, amounting to approximately $323 million in total. Leaf Group, based in Santa Monica, CA, is a consumer internet entity known for its creator-driven brands that cater to audiences in lifestyle categories such as fitness, wellness, home, art, and design. The acquisition aims to strengthen Graham Holdings' market position by expanding its portfolio in these growing segments.
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Graham Holdings Company (NYSE: GHC) has announced a regular quarterly dividend of $1.51 per share, set to be paid on August 5, 2021. This dividend payment will benefit shareholders who are on record by July 16, 2021. The declaration of this dividend indicates the company's ongoing commitment to returning value to its shareholders.
Graham Holdings Company (NYSE: GHC) reported a net income of $112.5 million ($22.44 per share) for Q1 2021, a significant recovery from a $33.2 million loss in Q1 2020. Revenues decreased by 3% to $712.5 million due to declines in education and television broadcasting. Despite this, operating income improved to $33.8 million from $8.1 million in the previous year. The company announced plans to acquire Leaf Group Ltd. for approximately $323 million, expected to close in mid-2021, which could enhance its digital presence.