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Washington Post Co. Will become Graham Holdings

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AP New York
The Washington Post Co. Is changing its name to Graham Holdings to reflect the sale of its namesake newspaper.

The switch will become official on November 29, and its New York Stock Exchange ticker symbol will change to "GHC" from "WPO."

Washington Post Co. Closed the sale of most of its newspaper business to Amazon CEO Jeff Bezos on October 1.

Bezos reached a deal to buy the venerable Capital broadsheet and other newspapers from the Graham family for USD 250 million in August.

The company's remaining holdings include the Kaplan education business; several television stations and Phoenix-based Cable One; Slate and Foreign policy magazines, and TheRoot.Com; home health care provider Celtic Healthcare, and Forney Corp., which serves the electric utility sector. Shares slipped 74 cents to USD 653.85 in morning trading.

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First Published: Nov 18 2013 | 10:41 PM IST

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