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44-508: Foreign Policy is an American news publication founded in 1970 focused on global affairs, current events, and domestic and international policy. It produces content daily on its website and app, and in four print issues annually. Foreign Policy magazine and ForeignPolicy.com are published by The FP Group, a division of Graham Holdings Company (formerly The Washington Post Company). The FP Group also produces FP Events, Foreign Policy ' s events division, launched in 2012. Foreign Policy

88-486: A Brooklyn -based tutoring company which in subsequent decades would grow its footprint and expand its offerings beyond test prep to become Kaplan, Inc. On August 5, 2013, it was announced that the Washington Post Company would sell the flagship newspaper for $ 250 million to Jeff Bezos , founder and chief executive of Amazon.com . The Washington Post Company agreed to adopt a new corporate name once

132-406: A Garrett, Indiana -based electrical manufacturer. In 2017, Graham acquired Hoover Treated Wood Products, Inc, a supplier of lumber and plywood products for fire retardant and preservative applications. In May 2020, Graham Holdings announced that it had acquired Framebridge . In July 2019, Graham Holdings acquired Clyde's Restaurant Group , the owner and operator of several restaurants in

176-440: A company they perceive as possibly lacking liquidity. For example, if all shareholders were to simultaneously try to sell their shares in the open market, this would immediately create downward pressure on the price for which the share is traded unless there were an equal number of buyers willing to purchase the security at the price the sellers demand. So, sellers would have to either reduce their price or choose not to sell. Thus,

220-752: A format change was implemented from a slim quarterly academic journal to a bimonthly magazine. It also launched international editions in Europe , Africa , the Middle East , Asia and Latin America . In September 2008, Foreign Policy was bought by The Washington Post Company (now Graham Holdings Company). In 2012, Foreign Policy grew to become the FP Group—an expansion of Foreign Policy magazine to include ForeignPolicy.com and FP Events. According to its submission guidelines, Foreign Policy articles "strike

264-612: A group of seven television stations. Led by chief executive officer Catherine Badalamente, the company is based in Detroit , co-located with its local NBC affiliate WDIV-TV . Stations are arranged in alphabetical order by state and city of license . Graham Holdings Company also owns several companies active in various capacities on the World Wide Web . These include The Slate Group , which publishes Slate , Slate V , ForeignPolicy.com and World of Good Brands (formerly

308-401: A long period of time after maturity into a profitable company. However, from 1997 to 2012, the number of corporations publicly traded on US stock exchanges dropped 45%. According to one observer ( Gerald F. Davis ), "public corporations have become less concentrated, less integrated, less interconnected at the top, shorter lived, less remunerative for average investors, and less prevalent since

352-835: A majority stake in Troy, Michigan -based Residential Healthcare Group, the parent company of Residential Home Health and Residential Hospice, which provides at-home and on-site health care and hospice services in Michigan and Illinois. Graham Healthcare Group provides home health, hospice and palliative care services through joint ventures with health systems and physicians groups. The subsidiary designs business and technology solutions aimed at streamlining hospice and home health operations and improving quality of care. Graham Healthcare Group includes Residential Healthcare Group, Allegheny Health Network-Healthcare @ Home, Mary Free Bed at Home, Clarus and InTeliCare. Graham Healthcare Group also operates

396-566: A nationwide specialty pharmacy licensed in 38 states that serves patients suffering from chronic illness through its Clinical Specialty Infusions, LLC (CSI Pharmacy) business located in Texarkana, Texas . Through its Clarus Care, LLC (Clarus) business in Nashville, Tennessee , GHG provides call management solutions to physician groups and hospitals. In July 2013, Graham Holdings purchased Forney Corp. for an undisclosed sum. The company, which

440-520: A public company. In the United Kingdom , it is usually a public limited company (plc). In France , it is a société anonyme (SA). In Germany , it is an Aktiengesellschaft (AG). While the general idea of a public company may be similar, differences are meaningful and are at the core of international law disputes with regard to industry and trade. Usually, the securities of a publicly traded company are owned by many investors while

484-553: A separate entity, its former shareholders receiving compensation in the form of either cash, shares in the purchasing company or a combination of both. When the compensation is primarily shares then the deal is often considered a merger . Subsidiaries and joint ventures can also be created de novo . That often happens in the financial sector. Subsidiaries and joint ventures of publicly traded companies are not generally considered to be privately held companies (even though they themselves are not publicly traded) and are generally subject to

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528-574: A social media management platform for newsrooms, through its subsidiary, Graham Media Group. In June 2021, Graham Holdings acquired Leaf Group , a consumer internet company that runs both online consumer-orientated brands and marketplace brands. In 2023, the Leaf Group was restructured to become World of Good Brands, separating Leaf’s lifestyle publishing websites – Well+Good , Livestrong , Hunker and OnlyInYourState — from its marketplace businesses, Saatchi Art and Society6 . In October 2012,

572-522: A son-in-law of CEO Don Graham, joined GHC as president. O'Shaughnessy became CEO in November 2015. In November 2014, Graham Holdings said it would spin off Cable ONE as a separate, publicly traded company in 2015. The spin-off was completed on July 1, 2015. In March 2018, Graham sold Kaplan University , Kaplan’s online higher education operation, to the Purdue University system , and it

616-476: Is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company ), which facilitates the trade of shares, or not ( unlisted public company ). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are private enterprises in

660-479: Is based in Addison, Texas , manufactures equipment that monitors and controls the combustion of coal, natural gas, and other materials. This equipment is sold to electric utilities for use in power generation plants. In June 2014, Graham Holdings acquired Joyce/Dayton Corp., a Dayton, Ohio -based manufacturer of screw jacks and other linear-motion systems. In November 2015, Graham Holdings acquired Group Dekko,

704-649: Is especially prevalent in such countries as the United Kingdom and the United States. In the United States, the Securities and Exchange Commission requires firms whose stock is traded publicly to report their major shareholders each year. The reports identify all institutional shareholders (primarily firms that own stock in other companies), all company officials who own shares in their firm, and all individuals or institutions owning more than 5% of

748-408: Is privately held can buy out the shareholders of a public company, taking the company off the public markets. That is typically done through a leveraged buyout and occurs when the buyers believe the securities have been undervalued by investors. In some cases, public companies that are in severe financial distress may also approach a private company or companies to take over ownership and management of

792-531: Is the only independent magazine that has won consecutive digital national magazine awards every year from being established in 2009. 2003 2007 2008 2009 2010 2011 2012 2014 2016 "The Man on the Operating Table": Graham Holdings Company Its current holdings include the digital marketing company Code3 (formerly SocialCode); online and print media entities including Slate Magazine , Foreign Policy through

836-404: Is when a company has little or no trading activity and the market price is simply the price at which the most recent trade took place, which could be days or weeks ago. This occurs when there are no buyers willing to purchase the securities at the price being offered by the sellers and there are no sellers willing to sell at the price the buyers are willing to pay. While this is rare when the company

880-598: The Washington metropolitan area , including Old Ebbitt Grill . In January 2019, Graham Holdings acquired 90% of two automobile dealerships from Sonic Automotive. The company's latest acquisition — its fourth auto dealership to date — is located at 8820 Centreville Road in Manassas. Christopher J. Ourisman of Ourisman Automotive will operate and manage the dealership, which the Arlington holding company purchased from

924-476: The private sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States , for example, a public company is usually a type of corporation though a corporation need not be

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968-451: The 1934 Act are generally deemed public companies. A public company possess some advantages over privately held businesses. Many stock exchanges require that publicly traded companies have their accounts regularly audited by outside auditors and then publish the accounts to their shareholders. Besides the cost, that may make useful information available to competitors. Various other annual and quarterly reports are also required by law. In

1012-523: The Battlefield Automotive Group. Terms of the deal were not disclosed. In 1984, Graham Holdings (then The Washington Post Company), acquired Stanley H. Kaplan Educational Centers. In the 1990s, the company expanded abroad and grew beyond test preparation, expanding its training and publishing businesses, diversifying into English language training, higher education, pathways programs, online learning and other services. It launched

1056-627: The FP Group, which includes Foreign Policy magazine and ForeignPolicy.com), Graham Media Group (formerly Post-Newsweek Stations), a group of seven television stations ; education company Kaplan ; manufacturing operations including Hoover Treated Wood Products, Dekko, Joyce/Dayton Corp, Forney Corporation; Graham Healthcare Group, which provides home health, hospice and palliative care services through joint ventures with health systems and physicians groups as well as other services; Graham Automotive, which includes eight automotive dealerships around

1100-549: The Leaf Group). The Root , an online magazine focusing on African American culture, was owned by The Slate Group until Graham Holdings sold it to Univision Communications in 2015. Graham Holdings Company also owns SocialCode, an advertising agency specializing in social media/ID-based marketing, and is an investor in Pinna, a children's podcast company. In November 2014, Graham Holdings Company acquired Social News Desk,

1144-492: The United States, the Sarbanes–Oxley Act imposes additional requirements. The requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control. The principal–agent problem , or the agency problem is a key weakness of public companies. The separation of a company's ownership and control

1188-479: The Washington, D.C. region; and content and marketplace company World of Good Brands (formerly Leaf Group ). Graham Holdings Company also owned cable television and internet service provider Cable One until it was spun off in 2015 and the now-defunct Trove (formerly WaPo Labs)—the developers of a news reader app . The history of Graham Holdings Company dates back to 1877, when The Washington Post

1232-524: The balance" between informed specialist research and general readability, and tend to be written in plain rather than "wonky" language. Foreign Policy endorsed Democratic candidate Hillary Clinton in the 2016 US presidential election . This was the first time in its 50-year history the magazine endorsed a candidate. Since 2003, Foreign Policy has been nominated for eight National Magazine Awards , winning six: three for its print publication and three for its digital publication at ForeignPolicy.com. FP

1276-539: The beneficiaries of various family trusts) collectively control the company through their ownership of the unlisted Class A common stock that selects 70% of the company's board of directors . As of 2014, it forms more than 90% of the family's assets. Prior to 2014, Berkshire Hathaway was a substantial holder of the public Class B common stock that selects 30% of the company's board of directors, but exchanged most of that stock for WPLG-TV , one of Graham Holdings' television stations, and other assets, in 2014. Since 1950,

1320-562: The company had been based in the Washington Post building in Washington, D.C. , which was sold off separately in 2014. Its new headquarters are at 1300 North 17th Street in Arlington, Virginia, with the choice of state motivated (according to Don Graham) by the proximity to Congress and the fact that two of the holding's activity areas, education and health care, are subject to federal regulation. In 1984, The Washington Post Company purchased Stanley H. Kaplan Education Centers, Ltd.,

1364-432: The company. One way of doing so would be to make a rights issue designed to enable the new investor to acquire a supermajority . With a supermajority, the company could then be relisted, or privatized. Alternatively, a publicly traded company may be purchased by one or more other publicly traded companies, with the target company becoming either a subsidiary or joint venture of the purchaser(s), or ceasing to exist as

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1408-592: The firm purchased Celtic Healthcare Inc. for an undisclosed sum. Celtic Healthcare, based in Pennsylvania , provides home health care in western, central, and northeastern Pennsylvania as well as Montgomery and Baltimore County, Maryland . It also provides home hospice services in the same areas, as well as owns a 10-bed inpatient hospice in Dunmore, Pennsylvania . In 2014, it had around 558 full-time and 45 part-time employees. In 2014, Graham Holdings bought

1452-444: The firm's stock. For many years, newly-created companies were privately held but held initial public offering to become publicly traded company or to be acquired by another company if they became larger and more profitable or had promising prospects. More infrequently, some companies such as the investment banking firm Goldman Sachs and the logistics services provider United Parcel Service (UPS) chose to remain privately held for

1496-719: The first online law school, Concord Law School, in 1998. Over the years, it has purchased several other educational companies and schools worldwide, expanding its operations and delivery of courses and programs in key markets beyond North America including the UK, Ireland , Singapore , Australia , and New Zealand . Kaplan today offers a variety of test preparation , professional training, career development, language training, university and student support services. Kaplan has over 10,000 employees in 27 countries, and partners include more than 12,000 businesses and 4000 educational institutions. Public company A public company

1540-425: The number of trades in a given period of time, commonly referred to as the "volume" is important when determining how well a company's market capitalization reflects true fair market value of the company as a whole. The higher the volume, the more the fair market value of the company is likely to be reflected by its market capitalization. Another example of the impact of volume on the accuracy of market capitalization

1584-497: The price per share. For example, a company with two million shares outstanding and a price per share of US$ 40 has a market capitalization of US$ 80 million. However, a company's market capitalization should not be confused with the fair market value of the company as a whole since the price per share are influenced by other factors such as the volume of shares traded. Low trading volume can cause artificially low prices for securities, due to investors being apprehensive of investing in

1628-457: The sale was finalized. It adopted Graham Holdings Company as the new name effective November 29, 2013. Amazon.com was not involved in the sale. Nash Holdings LLC, a company owned by Bezos, closed the purchase of the newspaper and affiliated publications on October 1, 2013. Graham Holdings Company retained ownership of WaPo Labs, its technology innovation group, since rebranded as Trove . In 2014, Tim O'Shaughnessy, founder of LivingSocial and

1672-446: The same reporting requirements as publicly traded companies. Finally, shares in subsidiaries and joint ventures can be (re)-offered to the public at any time. Firms that are sold in this manner are called spin-outs . Most industrialized jurisdictions have enacted laws and regulations that detail the steps that prospective owners (public or private) must undertake if they wish to take over a publicly traded corporation. That often entails

1716-502: The shares of a privately held company are owned by relatively few shareholders. A company with many shareholders is not necessarily a publicly traded company. Conversely, a publicly traded company typically (but not necessarily) has many shareholders. In the United States, companies with over 500 shareholders in some instances are required to report under the Securities Exchange Act of 1934 ; companies that report under

1760-428: The turn of the 21st century". Davis argues that technological changes such as the decline in price and increasing power, quality and flexibility of computer numerical control machines and newer digitally enabled tools such as 3D printing will lead to smaller and more local organization of production. In corporate privatization, more often called " going private ," a group of private investors or another company that

1804-409: The would-be buyer(s) making a formal offer for each share of the company to shareholders. The shares of a publicly traded company are often traded on a stock exchange . The value or "size" of a company is called its market capitalization , a term which is often shortened to "market cap". This is calculated as the number of shares outstanding (as opposed to authorized but not necessarily issued) times

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1848-611: Was first published. The Washington Post Company was incorporated in the District of Columbia in 1889, and remained a District of Columbia corporation until it changed its place of incorporation to Delaware in 2003. It is a public company and its Class B common stock trades on the New York Stock Exchange under the ticker symbol GHC; it went public in 1971. Descendants of the late Eugene Meyer (including Chairman Donald E. Graham , his sister Lally Weymouth , and

1892-590: Was founded in late 1970 by Samuel P. Huntington , professor of Harvard University , and his friend Warren Demian Manshel to give a voice to alternative views about American foreign policy at the time of the Vietnam War . Huntington hoped it would be "serious but not scholarly, lively but not glib". In early 1978, after six years of close partnership, the Carnegie Endowment for International Peace acquired full ownership of Foreign Policy . In 2000,

1936-527: Was rebranded Purdue University Global , a new public university to serve adult learners. In 2019, children's podcasting company Pinna spun out of the Slate Group as a separate Graham Holdings subsidiary. In June 2021, Graham Holdings completed their acquisition of Leaf Group , a consumer internet company, at a valuation of approximately $ 323 million. Through its Graham Media Group subsidiary (formerly Post-Newsweek Stations), Graham Holdings owns

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