Graham Holdings Company (GHC) - NYSE
  • Dec. 22, 2015, 3:23 PM
    | Dec. 22, 2015, 3:23 PM
  • Oct. 22, 2015, 2:37 PM
    • Education services company Kaplan (GHC -1.1%) is acquiring accounting-education specialists SmartPros (SPRO +29.9%), for about $16.9M.
    • That comes to $3.57/share, or a 40% premium over SmartPros' closing price yesterday. SmartPros is currently trading at $3.52.
    • The company -- which posted $13.5M in revenues for 2014 -- has a suite of services for continuing education in accounting. Kaplan's Dr. Andrew Temte says SmartPros offerings will provide a good domestic complement to the company's global accountancy programs.
    • The deal should close by year-end with approval by SmartPros shareholders.
    | Oct. 22, 2015, 2:37 PM
  • Jul. 1, 2015, 12:49 PM
    | Jul. 1, 2015, 12:49 PM | 1 Comment
  • Jun. 11, 2015, 8:34 PM
    • Cable One stock began when-issued trading today under the symbol CABO, ahead of its spinoff from Graham Holdings (GHC +1.4%), working between $405 and $400 before closing at $399.84.
    • That's about 36.9% of the share price for parent Graham Holdings, closing today at $1,085.
    • On July 1, Graham shareholders of record June 15 will receive a share of Cable One stock for every Class A and Class B GHC share they hold, via a tax-free transaction. There will be a $550M debt offering along with the spinoff to pay a special dividend. Graham has just under 5M shares outstanding.
    • In Graham's Q1 earnings report, cable revenues of $198.7M made up 23.5% of its total revenues of $846.1M.
    • Previously: Graham Holdings details timing of Cable One spinoff (Jun. 04 2015)
    | Jun. 11, 2015, 8:34 PM
  • Nov. 14, 2014, 10:07 AM
    • Shares of Graham Holdings (GHC +10.5%) rally on heavy volume after the company announced last night it plans to spin off its cable business.
    • The transaction will set up Cable One to trade as a public company in 2015.
    | Nov. 14, 2014, 10:07 AM
  • Aug. 4, 2014, 5:34 PM
    • Bloomberg reports Gannett (NYSE:GCI) has agreed to take full ownership of Cars.com for $1.8B.
    • Gannett currently owns 27% of Cars.com parent Classified Ventures. Reuters reported in May Gannett is interested in partnering with P-E firms to acquire Cars.com, potentially at a price of $3B.
    • McClatchy (NYSE:MNI), Tribune (OTCPK:TRBAA), AH Belo (NYSE:AHC), and Graham Holdings (NYSE:GHC) also own stakes in Classified Ventures. The company sold Apartments.com in March for $585M, leaving Cars.com as its only property.
    • MNI +20.6% AH. AHC +2.8%. GCI +0.8%.
    | Aug. 4, 2014, 5:34 PM
  • Oct. 1, 2013, 5:37 PM
    | Oct. 1, 2013, 5:37 PM
  • Jul. 24, 2012, 9:39 AM

    For-profit educators tumble at the open following DeVry's (DV -27.4%) downbeat forecast: APOL -4.5%, ESI -5.8%, STRA -6.7%, CECO -3.1%, COCO -2.8%, LOPE -2.9%, EDMC -1.9%, BPI -2.6%, WPO -2%.

    | Jul. 24, 2012, 9:39 AM
  • Jan. 6, 2012, 12:11 PM

    Apollo Group's (APOL +5.9%) first growth in new enrollments in at least a year shoots shares higher and propels other major for-profit education companies: EDMC +2.7%, DV +6.1%, WPO +1.2%, STRA +1.4%, BPI +2.6%.

    | Jan. 6, 2012, 12:11 PM
  • Nov. 11, 2011, 3:32 PM

    Shares of The Washington Post (WPO +2%) are trading higher, despite Moody's downgrading the media chain's debt rating to A3 from A2. The agency also cut its commercial paper to Prime-2 from Prime-1.

    | Nov. 11, 2011, 3:32 PM
  • Oct. 17, 2011, 3:31 PM

    For-profit education firms slide after Jim Chanos labels them "a national shame," passing out worthless degrees and tons of debt. "I cant think of a more predatory business," he says, singling out ITT Educational Services (ESI -4.6%) as a particularly egregious offender. Other education names sink: APOL -3.5%, CECO -7%, DV -4%, WPO -2.6%.

    | Oct. 17, 2011, 3:31 PM | 7 Comments
  • Oct. 5, 2011, 10:52 AM

    Apollo Group (APOL +9.1%) tops the S&P leader board after Credit Suisse upgrades shares and raises the price target to $47 from $35, citing changes to Apollo's business model that should lead to enrollment growth in FY2012; previous estimates had modeled enrollment declines. For-profit education peers also gain: CECO +7.7%, DV +5.4%, WPO +2.2%.

    | Oct. 5, 2011, 10:52 AM
  • Aug. 5, 2011, 12:00 PM

    Shares of Washington Post (WPO +1.8%) gain, despite a Q2 report showing a sharp decline in revenue (-10% Y/Y) and net income (-50% Y/Y). The firm missed analyst estimates on EPS by $0.13, as it struggles to keep enrollment stable in its Kaplan Higher Education business.

    | Aug. 5, 2011, 12:00 PM
  • May 13, 2011, 1:54 PM

    The more-than-tripling of short interest in Washington Post (WPO -2.1%) shares reflects the newspaper's struggles and the weakening of its Kaplan cash cow, as the for-profit education business attracts scrutiny. WPO's Donald Graham tries to win shareholders on the humanitarian argument of educating the needy, but kid Kaplan is becoming an increasing burden on the parent company.

    | May 13, 2011, 1:54 PM
Company Description
Graham Holdings Co. is a diversified education and media company. The company provides educational services to individuals, schools and businesses through its subsidiary, Kaplan, Inc. Its programs include higher education, test preparation, language instruction and professional training. Its... More
Sector: Services
Industry: Education & Training Services
Country: United States