WASHINGTON--(BUSINESS WIRE)--Oct. 11, 2007--The Washington Post
Company (NYSE:WPO) has acquired the outstanding stock of CourseAdvisor
Inc. (www.courseadvisor.com), a premier online lead generation
provider, headquartered in Wakefield, MA. Terms of the acquisition
were not disclosed. In 2006, The Washington Post Company made a small
investment in CourseAdvisor.
Through its search engine marketing expertise and proprietary
technology platform, CourseAdvisor generates student leads for the
post-secondary education market. Currently, more than 1.5 million
students use CourseAdvisor's leading online education directory,
CourseAdvisor.com, to match their skills and education needs to degree
and certificate programs from more than 500 educational institutions
and 8,000 programs.
Donald E. Graham, chairman and chief executive officer of The
Washington Post Company, said, "CourseAdvisor is a top producer of
online leads. Since its founding in 2004 by a group of MIT and UMASS
graduates and faculty, the company has been led by an outstanding and
experienced management team, and we plan to keep that team in place as
the business continues to grow." CourseAdvisor will operate as an
independent subsidiary of The Washington Post Company.
"Our relationship with The Washington Post Company has been
extremely positive and has opened exciting growth opportunities for
CourseAdvisor," said CourseAdvisor founder and chief executive officer
Greg Titus. "We're proud to be part of the team."
Savvian Advisors, LLC, served as the exclusive financial advisor
to CourseAdvisor for this transaction.
About The Washington Post Company (www.washpostco.com)
The Washington Post Company (NYSE:WPO) is a diversified media and
education company whose principal operations include newspaper and
magazine publishing, educational and career services, television
broadcasting, cable television systems and electronic information
services. The company owns The Washington Post;
Washingtonpost.Newsweek Interactive (WPNI), the online publishing
subsidiary whose flagship products include washingtonpost.com,
Newsweek.com, Slate, BudgetTravel.com and Sprig.com; Express; El
Tiempo Latino; The Gazette and Southern Maryland Newspapers; The
Herald (Everett, WA); Newsweek magazine; Post-Newsweek Stations
(Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville); and
Cable ONE, serving subscribers in midwestern, western and southern
states. The company also owns Kaplan, Inc., a leading international
provider of educational and career services for individuals, schools
and businesses.
CONTACT: Press Contacts:
The Washington Post Company
Rima Calderon, 202-334-6617
calderonr@washpost.com
or
Blue Point Venture Marketing
Kimberly Pegnato, 781-861-7800
kim@bluepointmktg.com
SOURCE: The Washington Post Company
