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(updated below – w/correction) The Washington Post this morning published a lengthy article detailing the fortune — and now the trouble — generated for its parent company, The Washington Post Co., as a result of its acquisition of Kaplan Higher Ed. While The Post continues to lose money, Kaplan — particularly its sprawling network of for-profit “universities” which the company began building in 2000 — generates huge profits for the company, profits on which the Post Co. depends almost completely for its sustainability. Indeed, the newspaper has become little more than a side vanity project for the Post Co. and the Graham family which continues to dominate it; it is now, at its core, in the business of profiting off of lower-income students who pay for diplomas, often obtained via online classes.
The Washington Post Company ( NYSE : WPO ) is an American mass media company, best known for owning the newspaper for which it is named, The Washington Post . The company also owns Kaplan, Inc. , a leading international provider of educational and career services for individuals, schools, and businesses. In addition, the company owns The Slate Group, Express , El Tiempo Latino , The Gazette and Southern Maryland newspapers, The Herald (Everett, WA), Post-Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville), Cable ONE —a cable TV and Internet service provider with subscribers in midwestern, western, and southern states—and Avenue100 Media Solutions, an online lead generation provider. The company previously owned Newsweek and Newsweek.com, but sold the magazine in 2010 after years of financial losses. [ 2 ] The Washington Post Company history dates back to 1877, when the Post was first published.
Kaplan University ( KU ) is the " doing business as " (DBA) name [ 1 ] of the Iowa College Acquisition Corporation, a company that owns and operates for-profit colleges. It is owned by Kaplan, Inc. , a subsidiary of The Washington Post Company . [ 2 ] Kaplan University is predominantly a distance learning institution of higher education that is regionally accredited by the Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA). Kaplan University was named in honor of Stanley H.
The bet was big — the price equal to the profits earned that year by The Post Co.’s print-media pillars: this newspaper and Newsweek magazine. So was the payoff. The acquisition of the firm, called Quest Education, turbocharged the rise of Kaplan, a modest business that had until then mainly prepared students for standardized tests.
Last month, the Lynchburg News & Advance reported that Liberty University, the evangelical private school founded by Jerry Falwell and run by Jerry Falwell Jr., received almost half a billion dollars in federal financial aid money last year. After we pointed out that that was more federal money than NPR received last year, Liberty University apparently blocked access to the News & Advance website for at least one day. Yes, Liberty University is exactly like Communist China.
Sheldon Krimsky is professor of Urban & Environmental Policy & Planning, School of Arts and Sciences at Tufts University and adjunct professor in the Department of Public Health and Family Medicine at the Tufts School of Medicine. He can be reached via phone, fax, email or written correspondence. Sheldon Krimsky Professor Department of Urban and Environmental Policy & Planning Tufts University Medford, MA 02155 Telephone: 617-627-3394 Fax: 617-627-3377 Email: email@example.com Bio | Publications | Science & Ethics Publications | Biotechnology Publications | Endocrine Disruptors Publications | Risk Analysis Publications | Books | Commentaries | Book Reviews | Courses | Links | Corrupted Science | Home ©2005 Sheldon Krimsky <p style="text-align:right;color:#A8A8A8"></p>
Kaplan University, the for profit college subsidairy of the Washington Post Company has been the subject of about a half dozen false claims whistle blower law suits filed by former employees — and they are not happy about it. The Post Company recently settled one suit with the Department of Justice for $1.6 million related to allegations of defrauding students at the CHI surgical tech program in Broomall, PA. The Washington Post Company is using such tactics as employment termination, criminal prosecution and civil suite in order to silence and intimidate current and future whistle blowing by employees. As a result of these tactics, Ben Wilcox, who was the former director of legal studies at Washington Post Company’s Kaplan University, was sentenced to prison on July 20, 2011. He was prosecuted for allegedly hacking into Kaplan’s computer system in 2007 and making threats to take the computer system down.
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