ARLINGTON, Va.--(BUSINESS WIRE)--May 21, 2015--
Graham Holdings Company (NYSE: GHC) announced today that it sold The
Root.com, an on-line magazine focused on news, opinions, culture and
entertainment from the perspective of African Americans, to La Fabrica,
a division of Univision Interactive Media, Inc. The Root launched in
2008.
"Donna Byrd, publisher, and Henry Louis Gates, co-founder, established
The Root and made it the success it is today. We are extremely proud and
grateful for all they have accomplished, and we are excited for the new
growth opportunities today's sale gives them," said Donald E. Graham,
Chairman and CEO of Graham Holdings.
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About Graham Holdings Company (www.ghco.com)
Graham Holdings Company (NYSE: GHC) is a diversified education and media
company whose principal operations include educational services,
television broadcasting, cable systems and online services, print and
local TV news. The Company owns Kaplan, a leading global provider of
educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston,
WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); Cable ONE, serving
small-city subscribers in 19 midwestern, western and southern
states; The Slate Group (Slate and Slate V); and Foreign Policy. The
Company also owns Trove, a digital team focused on innovation and
experimentation with emerging technologies; SocialCode, a leading social
marketing solutions company; Celtic Healthcare; Forney Corporation;
Joyce/Dayton Corp; and Residential Healthcare Group.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150521006339/en/
Source: Graham Holdings Company
Graham Holdings Company
Pinkie Mayfield, 703-345-6450
Pinkie.Mayfield@ghco.com
