Businessweek

The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally. The company provides various educational services, both domestically and outside the United States. Its media operations consist of the ownership and operation of cable television systems, newspaper publishing, and television broadcasting. EDUCATION Kaplan, Inc. (Kaplan), a subsidiary of the company, provides a range of education and related services worldwide for students and professionals. Kaplan conducts its operations through four segments: Kaplan Higher Education (KHE), Kaplan Test Preparation (KTP), Kaplan International, and Kaplan Ventures. KHE KHE provides an array of certificate, diploma and degree programs—on campus and online—designed to meet the needs of students seeking to advance their education and career goals. In 2011, Kaplan’s U.S.-based KHE division included the following businesses: Kaplan University and KHE Campuses. Kaplan University: Kaplan University specializes in online education. Majority of Kaplan University’s programs are offered online, while some are offered in a traditional classroom format at 11 campuses in Iowa, Maine, Maryland and Nebraska, and 6 Kaplan University Learning Centers and Education Centers in 4 additional states. Kaplan University also includes Concord Law School, an online law school. As of December 31, 2011, Kaplan University had approximately 44,000 students enrolled in online programs and approximately 5,800 students enrolled in its classroom-based programs. In 2011, the company has formed the School of Professional and Continuing Education (PACE), a separate non-degree-granting school with in Kaplan University. PACE offers a range of education solutions to assist professionals in advancing their careers by obtaining professional licenses, designations and certifications. This includes solutions for insurance, securities, real estate, mortgage, and appraisal licensing exams and for advanced designations, such as CFA and CPA exams, along with certifications, such as Microsoft, Oracle, Novell, and Cisco. PACE serves approximately 2,900 business-to-business clients, including approximately 70 Fortune 500 companies. In 2011, approximately 500,000 students used PACE's exam preparation offerings. In October 2011, PACE sold its Kaplan Compliance Solutions business, which assisted insurance carriers, agencies and broker/dealers with their licensure and/or registration filings. Additionally, in December 2011, Kaplan acquired certain assets of Stalla Seminars. Kaplan Schweser plans to repurpose Stalla content to further assist candidates who are preparing for the CFA examinations. KHE Campuses: As of December 31, 2011, the KHE Campuses business consisted of 64 schools in 18 states that were providing classroom-based instruction to approximately 24,400 students, which did not include the approximately 5,800 students enrolled at Kaplan University’s on-ground campuses. Test Preparation. In 2011, KTP included test preparation businesses in the areas of pre-college, graduate, health and bar review, and Kaplan Publishing. Test Preparation: KTP’s pre-college and graduate businesses prepare students for a range of college and graduate school admissions examinations, including the SAT, ACT, LSAT, GMAT, MCAT, and GRE. KTP’s health business prepares students for medical and nursing licensure exams, including the USMLE and NCLEX. Kaplan Bar Review offers full-service bar review in 26 states, as well as review for the multistate portion of the bar exam nationwide. During 2011, KTP courses were offered at various locations throughout the U.S., Canada, Puerto Rico, Mexico, London, and Paris. KTP also offers courses online, which are delivered in a live online classroom and a self-study format. In addition, KTP licenses material for certain of its courses to third parties and a Kaplan affiliate, which, during 2011, offered courses at 44 locations in 12 countries outside the U.S. KTP also offers programs and services, including college admissions examination preparation courses, directly to schools and schoo