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Graham Holdings Looks Abroad for Future Without Buffett

For more than a decade, Graham Holdings Co., the former Washington Post Co., relied on American students at its Kaplan colleges to fuel growth. With for-profit education under siege in the U.S., the future of the rapidly transforming company may lie abroad.

Graham Holdings sold the Washington Post newspaper to Inc. founder Jeff Bezos in August, and Warren Buffett, Graham’s largest shareholder, said Wednesday he was exploring ways to exit his $1.1 billion stake.