Graham holdings expects to receive cash distribution from classified ventures’ sale of apartments.com

Washington--(business wire)--graham holdings company (nyse:ghc) said today that it anticipates a cash distribution as a result of an agreement by classified ventures, llc (cv) to sell apartments.com for $585 million to costar group, inc. cv expects the transaction to close in the second quarter of 2014. graham holdings owns a 16.5% interest in cv. the company expects to receive about $95 million at closing. about graham holdings company (www.ghco.com) graham holdings company (nyse:ghc) is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems and online, print and local tv news. the company owns kaplan, a leading global provider of educational services; post–newsweek stations (wdiv–detroit, kprc–houston, wplg–miami, wkmg–orlando, ksat–san antonio, wjxt–jacksonville); cable one, serving small-city subscribers in 19 midwestern, western and southern states; and the slate group (slate, slate v, theroot, foreign policy). the company also owns trove, a digital team focused on innovation and experimentation with emerging technologies; socialcode, a leading social marketing solutions company; celtic healthcare; and forney corporation.
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