Graham Holdings and Berkshire Hathaway reach agreement on sale of Miami TV station
The new company created following the sale of The Washington Post, Graham Holdings, has sold its Miami television station, to WPLG-TV, to Warren Buffett’s Berkshire Hathaway Inc. The sale was previously announced last month, but the signed agreement has just occurred.
Graham Holdings, as its name seems to imply, is a company set up to most likely slowly divest its holdings. It’s big property remains Kaplan, the for-profit education company. But Kaplan’s value may decrease now that its former CEO Jonathan N. Grayer, is building a competitor, Weld North. The new company is backed by PE firm Kohlberg Kravis Roberts and recently acquired Imagine Learning and Truenorthlogic.