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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.
Graham Holdings Company (NYSE: GHC) has successfully completed the sale of its podcast technology subsidiary, Megaphone, to Spotify Technology S.A. (NYSE: SPOT). Megaphone specializes in offering hosting and ad-insertion solutions for publishers and tailored ad sales for brand partners. This strategic sale is expected to enhance GHC's focus on its core business operations and potentially improve financial performance in the long term.
Graham Holdings Company (NYSE: GHC) has reached an agreement to sell its podcast technology subsidiary, Megaphone, to Spotify Technology S.A. (NYSE: SPOT) for $235 million. Megaphone specializes in hosting and ad-insertion capabilities for publishers and targeted ad sales for brands. This transaction is pending regulatory approval and other closing conditions. Timothy J. O’Shaughnessy, president and CEO of Graham Holdings, expressed confidence in Megaphone's future under Spotify.
Graham Holdings Company (NYSE: GHC) reported a net income of $77.6 million ($15.22 per share) in Q3 2020, up from $43.1 million ($8.05 per share) in Q3 2019. Revenue decreased by 3% to $717 million, primarily due to COVID-19 impacts, with declines in education and manufacturing. The company recorded an operating income of $40.2 million, significantly improved from $16.3 million a year ago. For the first nine months of 2020, the net income was $63.2 million, a notable drop from $182 million in 2019. Cost-reduction measures were implemented across divisions as the pandemic's effects are expected to persist into 2021.
Graham Holdings Company (NYSE: GHC) will host a virtual Investor Day on December 3, 2020, from 1:00 p.m. to 3:00 p.m. ET. The event will feature presentations from the management team discussing the company’s operations and financials. Interested parties must register in advance to participate, with an archived recording available for those unable to attend live. Graham Holdings is a diversified holding company with operations in education, broadcasting, healthcare, and manufacturing, among others.
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The Kaplan Performance Academy will host a free virtual discussion titled “Leading through Learning – is L&D a tactical fixer or strategic enabler?” on October 20, 2020, at 3.30pm GMT/9.30am CST. The event features author Kevin Green and Global Director Andrew Perkins, along with panelists from notable organizations. Key topics will include how corporate learning can align with organizational needs, enhance employee engagement, and support culture assimilation and self-esteem. For more details, visit here.
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Graham Healthcare Group has partnered with WorldView Ltd. to launch a comprehensive document management solution aimed at optimizing its Patient Records Teams. By transitioning to WorldView's integrated home health products, such as MedAttach and Mobile Complete, Graham anticipates improved efficiency in document processing and revenue cycles. The collaboration promises to streamline operations, significantly reduce costs associated with multiple vendors, and enhance compliance while caring for over 100,000 patients annually.