Kaplan’s Parent Sells Washington Post To Amazon’s Bezos

Career College Central summary:

  • The online education operations of Kaplan are getting split from the same corporate umbrella as the Washington Post as Amazon founder Jeff Bezos has stepped in to buy it.
  • The company announced the $250 million sale on Monday.  Bezos is buying the paper as an individual. Amazon.com Inc. is not involved.
  • Bezos is getting its newspaper operations, leaving Washington Post. Co., which will likely have a new name, with Kaplan, six TV stations, Celtic Healthcare and Forney Corp.
  • The educational revenue for the company in the first quarter was $527.8 million, down from $546.7 million in the same quarter a year ago.
  • With a large office in Fort Lauderdale, Kaplan has had more than 1,600 employees in Broward County.

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SOUTH FLORIDA BUSINESS JOURNAL
 

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