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Graham Holdings

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The Washington Post Company
Company typePublic
NYSE: WPO
S&P 500 Component
ISINUS3846371041 Edit this on Wikidata
IndustryMass media
FoundedAugust 4, 1947
HeadquartersWashington, D.C., U.S.
Key people
Donald Graham
(Chairman and CEO)
Boisfeuillet Jones, Jr.
(Vice Chairman)
ProductsNewspapers
Magazines
Educational Services
Television
Cable television
Electronic media
RevenueIncrease US$ 5.12 billion (2010)[1]
Increase US$ 547 million (2010)[1]
Increase US$ 278 million (2010)[1]
Total assetsDecrease US$ 5.158 billion (2010)[1]
Total equityDecrease US$ 2.814 billion (2010)[1]
OwnerGraham family
Number of employees
20,000 (2010)[1]
Websitewww.washpostco.com

The Washington Post Company (NYSE: WPO) is an American mass media company, best known for owning the newspaper for which it is named, The Washington Post. The company also owns Kaplan, Inc., a leading international provider of educational and career services for individuals, schools, and businesses. In addition, the company owns The Slate Group, Express, El Tiempo Latino, The Gazette and Southern Maryland newspapers, The Herald (Everett, WA), Post-Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville), Cable ONE—a cable TV and Internet service provider with subscribers in midwestern, western, and southern states—and Avenue100 Media Solutions, an online lead generation provider. The company previously owned Newsweek and Newsweek.com, but sold the magazine in 2010 after years of financial losses.[2]

The Washington Post Company history dates back to 1877, when the Post was first published. The Washington Post Company was incorporated in the District of Columbia in 1889,[3] and remained a District of Columbia corporation until it changed its state of incorporation to Delaware in 2003.[4] It is a public company, trading on the New York Stock Exchange under the ticker symbol WPO; it went public in 1971. It is headquartered in Washington, D.C.

Apart from the family of the late Eugene Meyer, Berkshire Hathaway is a substantial shareholder.

Education

  • Kaplan, Inc. — Kaplan is one of the world's largest providers of educational services. Kaplan focuses on three areas: higher education, professional training, and test preparation.

Headquartered in New York City under the leadership of CEO Andrew Rosen, Kaplan had $2.3 billion in revenue in 2008. It is The Washington Post Company's fastest growing division and its largest revenue producer. Kaplan's marketing campaign targets especially veterans, single mothers and low-income students.[5][6] According to the U.S. News & World Report, only 33 percent of Kaplan students graduate within six years.[7]

  • StudentAdvisor.com - is the latest education resource launched by the Washington Post Company. StudentAdvisor.com is an education research (reviews written by students, alumni, and parents) and comparison destination (tools to download and compare multiple colleges) for students, parents, and lifetime learners.

Newspapers

Broadcasting

Main article: Post-Newsweek Stations
Logo of broadcasting division Post-Newsweek Stations.

The official name of the broadcast division, dating back to the 1970s, is Post-Newsweek Stations. Post-Newsweek stations is based in Detroit, Michigan and currently owns six VHF stations, all in the Top 50 markets. All the stations are branded under the "Local Mandate," which happens to be a station standardization adopted by Post-Newsweek. (Examples: KPRC is "Local 2" and WPLG is "Local 10".)

Current DMA# Market Station Channel (DT) Current Affiliation Acquired Notes
10. Houston, Texas KPRC-TV 2 (35) NBC 1994
11. Detroit, Michigan WDIV 4 (45) NBC 1978 Flagship; founded by the Evening News Association as WWJ-TV before being traded to Post-Newsweek in exchange for WTOP-TV in 1977.
16. Miami, Florida WPLG 10 (9) ABC 1969 Calls are tribute to Philip L. Graham, developer of Miami Lakes
19. Orlando, Florida WKMG-TV 6 (26) CBS 1997 Calls are tribute to Katharine Graham (was WCPX until 1998)
37. San Antonio, Texas KSAT-TV 12 (48) ABC 1994
49. Jacksonville, Florida WJXT 4 (42) Independent 1959 Was a CBS affiliate from 1949 until 2002

Post-Newsweek also owned two other television stations in the past. Both were at one time or another company flagships.

Current DMA# Market Station Channel Affiliation Owned by WPO/PNS Current Owner Notes
9. Washington, D.C. WTOP-TV 9 CBS 1950-78 Gannett Post-Newsweek's flagship/headquarters until 1977; traded to the Evening News Association for WWJ-TV and became WDVM, today known as Gannett flagship WUSA
30. Hartford, Connecticut WFSB 3 CBS 1974-97 Meredith Flagship 1980s-1997 (and headquarters until 2000)

Cable

Interactive

  • The Slate Group
  • Avenue100 Media Solutions — A leading analytics-based performance marketing company.
  • SocialCode - A digital agency specializing in Facebook and Twitter marketing.

See also

References

  1. ^ a b c d e f "2010 Form 10-K, The Washington Post Company". United States Securities and Exchange Commission.
  2. ^ Washington Post. Harman Media buys Newsweek from Washington Post Co. for undisclosed amount.
  3. ^ District of Columbia Corporation records show the original Washington Post Company was registered as a domestic corporation in 1889
  4. ^ District of Columbia Corporation records show the original DC-based corporation's charter was revoked in 2003 and replaced by a Delaware-based foreign corporation.
  5. ^ Daniel, Golden (November 4, 2010). "Online Colleges Target Veterans". BusinessWeek. Retrieved 27 February 2011.
  6. ^ Lewin, Tamar (November 9, 2010). "Scrutiny Takes Toll on For-Profit College Company". The New York Times. Retrieved 27 February 2011.
  7. ^ "Kaplan University U.S. News Ranking". Retrieved 27 February 2011.
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