Friday, April 18, 2014

Graham Holdings Company: A Diversified US Conglomerate

Graham Holdings Company, previously known as The Washington Post Company, is an American company formerly known for owning the newspaper for which it was initially named. Originally established on August 4, 1947, it was renamed to Graham Holdings Company on November 29, 2013.

Graham Holdings currently owns Kaplan, Inc., an international provider of career and educational services for schools, businesses, and individuals. The company also owns Post-Newsweek Stations and Cable ONE. The company also used to own Newsweek and Newsweek.com but it sold the magazine in 2010 after several years of financial losses.

Although formally established in 1947 as The Washington Post Company, Graham Holdings’s history can be traced back to 1877, when the first Post was published. The company was first incorporated in the District of Columbia in 1889 and remained a DC corporation until it moved its place of incorporation in 2003 to Delaware.

As of 2010, it has about 20,000 employees and is headed by Chairman and CEO Donald Graham.

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