About Graham Holdings Company

Graham Holdings (formerly the Washington Post Company) is a media and education company. It is focused on education, broadcasting, and print and online news magazines. Its largest segment is education, conducted via Kaplan, which includes tutoring and test preparation services. Other operations include a portfolio of five TV stations and online and print publications such as Slate and Foreign Policy. It spun off cable TV systems operator Cable One in 2015. The company was once best known as the publisher of The Washington Post newspaper. Owned by the family of its chairman Donald Graham for 80 years, the flagship newspaper was sold to Internet mogul Jeff Bezos in 2013.


Graham Holdings operates through three operating segments: Education, Television Broadcasting, and Other Businesses.

The Education segment (about 65% of total revenue) operates Kaplan, which provides a wide variety of educational services worldwide. In 2016 Kaplan Test Preparation enrolled more than 350,000 students in its courses, including more than 160,000 in online programs.

The Television Broadcasting segment (more than 15%) comprises the ownership and operation of television broadcasting (through the ownership and operation of five television broadcast stations), plus Slate and Foreign Policy magazines.

Other Businesses (about 20%) include two home health and hospice providers, three industrial companies and Social Code LLC, a marketing solutions provider.

Geographic Reach

Graham Holdings is headquartered in Virginia. Kaplan International operates businesses in Europe and the Asia Pacific region.

Kaplan operates 40 English-language schools. It has about 20 in the UK, Ireland, Australia, New Zealand and Canada, and about 20 in the US..

In the Asia Pacific region Kaplan operates businesses primarily in Singapore, Australia, New Zealand, Hong Kong and China.

The Graham Media Group owns five television stations in Houston; Detroit; Orlando; San Antonio; and Jacksonville.

Financial Performance

In 2016 Graham Holdings' revenue decreased to $2.48 billion from $2.59 billion the prior fiscal period. The dip in revenue was partly because of a drop in education and advertising revenues. Education revenue decreased due to declines at Kaplan. Advertising revenue decreased due to a drop in television broadcasting revenue.

Despite Graham Holdings' decrease in revenue, the company reported a net income of $168 million in fiscal 2016. That was a huge improvement compared to the $100 million net loss the company suffered in fiscal 2015. The improvement in fiscal 2016 was largely the result of lower operating expenses compared to the fiscal 2015.

The company's operating cash inflows increased from $74.8 million in 2015 to $261 million at the end of fiscal 2016. The spike was partly the result of the company's $168 million net income.


Like other newspaper and magazine publishers, Graham Holdings has struggled to manage the long, slow decline of print publications and advertising spending. Bezos is looking to make the paper more customer-focused as the company tries to leverage digital opportunities for growth.

Acquisitions are a big part of Graham Holdings' ongoing strategy of investing in companies with demonstrated earnings potential and strong management that fit with the company's decentralized operating philosophy.

Mergers and Acquisitions

In January 2017 Graham Holdings acquired WCWJ, a CW affiliate television station in Jacksonville, Florida and WSLS, an NBC affiliate television station in Roanoke, Virginia for $60 million.

In late 2016 Graham Holdings acquired Group Dekko, a Garrett, Indiana-based manufacturer of electrical products for applications across three business lines: workspace power solutions, architectural lighting, and electrical components and assemblies.

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Graham Holdings Company

1300 17th St N
Arlington, VA 22209-3816
Phone: 1 (703) 345-6300
Fax: 1 (202) 334-1031


  • Employer Type: Public
  • Stock Symbol: GHC
  • Stock Exchange: NYSE
  • President, CEO, and Director: Timothy J. O'Shaughnessy
  • Chairman: Donald E. Graham
  • President, CEO, and Director: Timothy J. O'Shaughnessy
  • 2016 Employees: 11,300

Major Office Locations

  • Arlington, VA

Other Locations

  • Ardmore, AL
  • Elkmont, AL
  • Bakersfield, CA
  • Berkeley, CA
  • Brea, CA
  • Chula Vista, CA
  • Encino, CA
  • Los Angeles, CA
  • North Hollywood, CA
  • Pasadena, CA
  • Riverside, CA
  • Sacramento, CA
  • Salida, CA
  • San Diego, CA
  • Santa Barbara, CA
  • Vista, CA
  • Whittier, CA
  • Colorado Springs, CO
  • Denver, CO
  • Stamford, CT
  • Washington, DC
  • Wilmington, DE
  • Delray Beach, FL
  • Fort Lauderdale, FL
  • Jacksonville, FL
  • Orlando, FL
  • Plantation, FL
  • Alpharetta, GA
  • Atlanta, GA
  • Marietta, GA
  • Cedar Falls, IA
  • Davenport, IA
  • Des Moines, IA
  • Mason City, IA
  • Urbandale, IA
  • Chicago, IL
  • Downers Grove, IL
  • Garrett, IN
  • Hammond, IN
  • Indianapolis, IN
  • Kendallville, IN
  • Laotto, IN
  • North Webster, IN
  • Portland, IN
  • Wolflake, IN
  • Boston, MA
  • Cambridge, MA
  • Baltimore, MD
  • College Park, MD
  • Lutherville Timonium, MD
  • Towson, MD
  • Augusta, ME
  • Lewiston, ME
  • Portland, ME
  • Brutus, MI
  • Detroit, MI
  • Grand Rapids, MI
  • Kalamazoo, MI
  • Saint Louis, MO
  • Washington, MO
  • Ridgeland, MS
  • Charlotte, NC
  • Durham, NC
  • Winston Salem, NC
  • Lincoln, NE
  • Omaha, NE
  • Albuquerque, NM
  • Flushing, NY
  • Ithaca, NY
  • New York, NY
  • Vestal, NY
  • White Plains, NY
  • Moraine, OH
  • Portland, OR
  • Bryn Mawr, PA
  • Carlisle, PA
  • Philadelphia, PA
  • Greenville, SC
  • Dyersburg, TN
  • Knoxville, TN
  • Memphis, TN
  • Nashville, TN
  • Arlington, TX
  • Beaumont, TX
  • Brownsville, TX
  • Corpus Christi, TX
  • El Paso, TX
  • Fort Worth, TX
  • Friendswood, TX
  • Houston, TX
  • Laredo, TX
  • Lubbock, TX
  • Mcallen, TX
  • San Antonio, TX
  • Provo, UT
  • Alexandria, VA
  • Des Moines, WA
  • La Crosse, WI
  • Milwaukee, WI
  • Vancouver, Canada
  • Beijing, China
  • Bournemouth, England
  • Hayle, England
  • London, England
  • Manchester, England
  • New Delhi, India
  • Conwy, Wales
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