{"schema_version":"secwatch.filing_event.v1","accession":"0000104889-23-000063","form_type":"8-K","ticker":"GHC","cik":"0000104889","company_name":"Graham Holdings Co","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.027957+00:00","generated_at":"2026-06-09T01:55:11.716398+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.82,"calibrated_materiality_score":0.82,"confidence":"high","headline":"Graham Holdings posts Q3 net loss of $23M; impairments hit operating income","bullets":["Q3 GAAP net loss of $23.0M ($5.02/share) vs. net income of $32.8M ($6.76/share) a year ago; adjusted net income of $48.9M ($10.45/share).","Revenue rose 10% to $1,111.5M, driven by education (+16%), healthcare (+33%), and automotive (+29%), partly offset by TV broadcasting (-14%).","Operating loss of $57.1M vs. operating income of $59.5M; includes $98.3M goodwill/asset impairment charges ($84.4M after-tax).","Education (Kaplan) operating income up 60% to $29.9M; TV broadcasting operating income down 39% to $31.9M; manufacturing includes $47.8M Dekko impairment.","Acquired a Toyota dealership in Henrico, VA on Sep 27, 2023; restructuring Leaf Group into three standalone businesses ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0000104889-23-000063","json":"https://secwatch.observer/filing/0000104889-23-000063.json","markdown":"https://secwatch.observer/filing/0000104889-23-000063.md","text":"https://secwatch.observer/filing/0000104889-23-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104889/000010488923000063/0000104889-23-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104889/000010488923000063/ghc-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T01:55:11.716398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ddb2fa5afd52d815750ae72f1589cd60dac35d80","claim":"Graham Holdings Co reported the third quarter ended September 30, 2023 results: revenue $1,111.5 million, net income net loss attributable to common shares of $23.0 million ($5.02 per share), EPS $5.02 per share.","evidence_excerpt":"to adjust the fair value of the mandatorily redeemable noncontrolling interest (after-tax impact of $1.3 million, or $0.28 per share). Revenue for the third quarter of 2023 was $1,111.5 million, up 10% from $1,012.4 million in the third quarter of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/104889/000010488923000063/0000104889-23-000063-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$1,111.5 million"},{"label":"Net income","value":"net loss attributable to common shares of $23.0 million ($5.02 per share)"},{"label":"EPS","value":"$5.02 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}