Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 182

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 182
---
Item 1A. Risk Factors.

SUMMARY RISK FACTORS

This risk factor summary does not contain all of the information that may be important to you, and you should read this risk factor summary together with the more detailed discussion of risks and uncertainties set forth following this section under the heading “Risk Factors,” as well as elsewhere in this Annual Report on Form 10-K. Additional risks, beyond those summarized below or discussed elsewhere in this Annual Report on Form 10-K, may apply to the Company’s business, activities or operations as currently conducted or as may be conducted in the future. These risks include, but are not limited to, the following:

Risks Related to the Company’s Education Business

•     Changes in International Laws and Regulations, Related Policy Announcements, Travel Restrictions and Sanctions.

•     Difficulties and Expenses in Managing Properties in England and Scotland.

•     Difficulties in Managing Foreign Operations and Failure to Comply with Foreign Regulatory Requirements.

•     Changes in U.K. and International Tax Laws.

•     Possible Changes to the Department of Education.

•     Failure to Comply with Statutory and Regulatory Requirements as a Third-Party Servicer to Title IV Participating Institutions.

•     Failure to Comply with the ED’s Title IV Incentive Compensation Rule.

•     Failure to Comply with the ED’s Title IV Misrepresentation Regulations.

•     Compliance Reviews, Program Reviews, Audits and Investigations, Including in Connection with Borrower Defense to Repayment Claims.

•     Noncompliance with Regulations by KNA’s Client Institutions.

•     Failure to Realize the Anticipated Benefits of the Purdue Global Transaction.

•    Regulatory Changes and Developments.

•     Reductions in the Use of Standardized Tests and Increased Competition.

•     Changes in the Extent to Which Licensing and Proficiency Examinations Are Used.

Risks Related to the Company’s Television Broadcasting and Media Businesses

•     Changing Perceptions About the Effectiveness of Television Broadcasting in Delivering Advertising and Competition from Digital Platforms.

•     Increased Competition Resulting from Technological Innovations and Changing Consumer Behavior.

•    Changes in the Nature and Extent of Government Regulations.

•    Transition to New Technical Standards for Broadcast Television Stations.

•    Changes in MVPD Subscriber Numbers, Retransmission Consent Fees, “Reverse Retransmission Consent” Payments