In June, Kaplan entered the postsecondary education industry by acquiring Quest Education Corporation, a network of 30 career colleges. Today, higher education is Kaplan’s largest business.
In September, Boisfeuillet Jones, Jr. was named publisher and chief executive officer of The Washington Post. Donald Graham became chairman of the newspaper.
In March, Alan Frank became president and chief executive officer of Post–Newsweek Stations.
Katharine Graham died on July 17 at the age of 84.
In August, the company launched EXPRESS, a free commuter newspaper, in the Washington, DC market.
Kaplan expanded its presence in the U.K. and Asia with the acquisition of London-based Financial Training Company (now Kaplan Financial), a leading provider of accountancy and financial services. Kaplan also acquired Dublin Business School in Ireland.
In May, the company bought El Tiempo Latino, a Spanish-language newspaper serving the Washington metropolitan area.
In January, the company bought Slate, the online magazine, from Microsoft Corp.
In May, Kaplan acquired Asia Pacific Management Institute (now APMI Kaplan), one of the largest private education providers for undergraduate and postgraduate students, executives and managers in Asia. In August, Kaplan acquired Kidum, the leading provider of test prep in Israel.
In May, Kaplan acquired Tribeca Learning, a leading provider of education to the Australian financial services sector. In October, Kaplan acquired Aspect Education, one of the largest providers of English language instruction in the world, with schools in the U.K., Ireland, Australia, New Zealand, Canada, and the U.S.
In April, Kaplan expanded its presence in the Asia Pacific region with the acquisition of Finsia Education, the education and training arm of the Financial Services Institute of Australasia.
In November, Kaplan also became a majority stakeholder in ACE Education, offering foundation-year and degree-granting programs in China for students seeking entry to U.K. universities.
At the end of 2007, The Washington Post Company began describing itself as an education and media company to reflect that Kaplan’s revenue is now almost half of the company’s total revenue.
In February, Katharine Weymouth was named chief executive officer of Washington Post Media (The Washington Post, Express and El Tiempo Latino) and publisher of The Washington Post.
In June, Hal S. Jones succeeded John B. Morse, Jr. as senior vice president–finance and chief financial officer of The Washington Post Company.
In September, Marcus Brauchli was named executive editor of The Washington Post, succeeding Leonard Downie, Jr.
The Washington Post Company acquired Foreign Policy magazine in September.
Andrew Rosen was named chairman and chief executive officer of Kaplan in November.
In January, Liz Spayd and Raju Narisetti were named managing editors of The Washington Post.
Throughout the year, the print and online operations of The Washington Post were integrated.
In June, Kaplan restructured its businesses into four units to drive greater collaboration and better leverage its content and technology. The company’s business units now include Kaplan Higher Education (U.S.), Kaplan Test Prep, Kaplan International and Kaplan Ventures.
In August, The Washington Post Company announced the sale of Newsweek to Dr. Sidney Harman.
In September, Katharine Weymouth, CEO of Washington Post Media and publisher of The Washington Post, was elected a director of The Washington Post Company.
On September 30, Harman Newsweek LLC purchased Newsweek magazine from The Washington Post Company.
In January, The Washington Post Company launched SocialCode, which unlocks the power of social media and helps brands gather, engage, incentivize and understand users. SocialCode's data-driven approach offers the most advanced advertising and analytics on Facebook®.
In May, Warren Buffett retired from the Company's Board of Directors after serving for 37 years. This was the last outside board of directors from which Buffett retired.
In May, Emily Barr was named to succeed Alan Frank, president and CEO of Post-Newsweek Stations, at year-end.
In September, Dave Goldberg, CEO of SurveyMonkey, was elected a director of The Washington Post Company.
In November, the Company acquired a majority interest in Celtic Healthcare, a provider of home healthcare and hospice services.