Bloomberg News

Washington Post Co. Renamed Graham Holdings After Newspaper Sale

November 18, 2013

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.

To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus