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Graham Holdings Company (formerly The Washington Post Company) is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia , and incorporated in Delaware , [ 3 ] it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
Graham took The Washington Post Company public on June 15, 1971, in the midst of the Pentagon Papers controversy. A total of 1,294,000 shares were offered to the public at $26 per share. [58] [59] By the end of Graham's tenure as CEO in 1991, the stock was worth $888 per share, not counting the effect of an intermediate 4:1 stock split. [60]
The origins of Graham Media can be traced to 1944, when The Washington Post began its broadcasting activities with its purchase of WINX radio in Washington, D.C. Four years later the newspaper's parent firm, the Washington Post Company, announced its intention to acquire controlling interest in a rival station, WTOP radio from CBS.
In 2023, executives at The Post offered voluntary buyouts across the company to reduce employee headcount by about 10% and shrink the size of the newsroom to about 940 journalists.
Eugene Meyer, Graham's maternal grandfather, bought The Washington Post at a bankruptcy sale in 1933. Graham's father Philip was publisher of The Washington Post from 1946 until 1961, and president of the Washington Post Company from 1947 until his death in 1963. Graham’s mother Katharine took over the newspaper as publisher after her husband ...
The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...
In 2023, the Washington Post reported losses of $77m (£45m) and falling readership on its website. That same year, the newspaper announced it was offering workers voluntary buyouts in a bid to ...
While running the Washington Post and other parts of the Post Company, Graham played a backstage role in national and local politics. In 1954, Graham was the leading force behind the founding of the Federal City Council , a highly influential group of business, civic, education, and other leaders interested in economic development in Washington ...