Washington Post Co. (WPO:US) is becoming Graham Holdings Co., assuming the name of its controlling family after the $250 million sale of its eponymous newspaper.
The company will also change its ticker symbol to GHC on Nov. 29, it said today in a statement. The company closed its sale of the Post to Jeff Bezos, chief executive officer of Amazon.com Inc., on Oct. 1.
The new moniker cements Post Co.’s transformation into a holding company with investments in education, television, social media and industrial products. The company agreed in July to acquire Forney Corp., which makes gas and oil igniters, to expand beyond the media business.
Chairman and CEO Donald Graham and his family control the company through its non-trading Class A shares.
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