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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:33 EDTGHC, BRK.ABerskhire Hathaway to acquire WPLG-TV from Graham
Graham Holdings Company (GHC) and Berkshire Hathaway (BRK.A) announced that they have reached an agreement in principle for Berkshire to acquire a wholly-owned subsidiary of Graham Holdings Company, which will include WPLG, a Miami-based television station, a number of Berkshire shares currently held by Graham Holdings Company and an amount of cash, in exchange for approximately 1.6 million shares of Graham Holdings Class B common stock currently owned by Berkshire Hathaway. The specific number of shares of each company and the amount of cash will be determined on the closing date based on certain factors, including the market prices of the shares of both companies at that time. No binding agreement has yet been signed in connection with the transaction. The transaction is subject to agreement on definitive documentation, and will be subject to regulatory approvals and other customary conditions. In addition there will be certain termination rights relating to minimum trading prices of the stock of each company immediately prior to closing and to a minimum value of the television station for purposes of the transaction on the closing date.
News For A;GHC From The Last 14 Days
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July 30, 2015
13:23 EDTGHCKaplan: MA AG investigation concludes with no finding of wrongdoing by Kaplan
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July 23, 2015
08:31 EDTGHCGraham Holdings says Kaplan CEO Thomas Leppert announces resignation
Graham Holdings Company announced Kaplan, Inc. CEO Thomas C. Leppert is resigning his position effective August 21, 2015. He will be replaced by Andrew S. Rosen, executive vice president of Graham Holdings Company and chairman of Kaplan, Inc.
July 20, 2015
19:34 EDTGHCDISH customers to lose WDIV-TV Local 4
WDIV-TV Local 4 is about to go dark for all DISH (DISH) TV subscribers. WDIV and its parent organization, Graham Media Group, a subsidiary of Graham Holdings (GHC), stated, "The satellite provider has been unwilling to strike a reasonable deal with the local content provider. On Wednesday, July 22 at 7 p.m. subscribers will no longer be able to watch programs like Local 4 News, NBC's Today, NBC Nightly News, The Tonight Show starring Jimmy Fallon, Saturday Night Live, The Voice, The Blacklist, Sunday Night Football and more. DISH charges its subscribers a monthly fee to get these programs, so essentially their estimated 127,000 Detroit area customers will not be getting what they pay for. That includes important local news and weather information in emergency situations from the Local 4 News team."

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