Graham Holdings sells TheRoot.com to La Fabrica, a division of Univision Interactive Media
Here is a story we have been following for a while, the sell-off of most of the properties once tied to The Washington Post Company.
One can go back as far as you would like to determine when it started. Was it the sale of Newsweek? or of The Post itself.
In any case, the sell-off continues. I’m sure Donald Graham would eventually like to find a buyer for Kaplan, the for-profit, tax payer funded education unit. But he may well hand on to that until the very end.
ARLINGTON, Va. – May 21, 2015 — Graham Holdings Company 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.