Washington Post 2012 Annual Report Download - page 25

In Australia, Kaplan delivers a broad range of financial services education and professional development courses. In
2012, this business provided courses to approximately 17,400 students through classroom programs and to more than
44,800 students through distance-learning programs. In 2012, Kaplan Australia underwent significant operational
restructuring and now offers its programs through three business units: English Language and Pathways; Vocational
Education; and Higher Education.
Kaplan Australia’s English Language and Pathways business includes KIC, which specializes in English-language
instruction. KIC has opened new schools in Adelaide and Melbourne; it now operates out of seven locations in Australia
and one location in New Zealand and teaches more than 7,000 students per year. Also included in this division are
Murdoch Institute of Technology and Bradford College, which continue to offer pathways education for students wishing
to enter university, and collectively teach 670 students.
The Vocational Education business of Kaplan Australia includes Kaplan Professional Education (KPE), Carrick Education
Group and Franklyn Scholar. KPE offers financial services education programs and continuing professional development
courses primarily to a business-to-business market, including major banks and numerous industry sectors. Approximately
43,000 students are taught through KPE each year. Carrick has traditionally offered English-language programs,
vocational training and higher education courses in Australia. Kaplan is currently evaluating various strategic alternatives
with respect to the Carrick business lines. As of December 31, 2012, Carrick was providing services to approximately
1,300 students. Franklyn Scholar offers a wide range of custom-developed programs to business clients. More than
16,000 students are taught through Franklyn Scholar each year.
The higher education business of Kaplan Australia comprises Kaplan Online Higher Education (KOHE) and Kaplan
Business School (KBS), which offer diploma, bachelor’s and master’s degree programs. KBS has recently opened a new
school in Brisbane and now operates in four states in Australia teaching approximately 700 students each year. KOHE
teaches approximately 1,800 students annually in postgraduate courses primarily in the financial services sector. KBS and
KOHE have recently received accreditation to launch an MBA program early in 2013.
In Hong Kong, Kaplan offers a comprehensive array of programs, ranging from language education and standardized
test preparation to corporate and financial training and higher education degree courses. During 2012, Kaplan’s Hong
Kong business provided courses to more than 15,700 students.
In China, Kaplan provides foundation programs to Chinese students through partnerships with prestigious Chinese
universities and high schools. Kaplan China offers foundation programs at 11 campuses and had more than 1,100
students enrolled at the end of 2012. Kaplan China also cooperates with several Chinese universities to provide ACCA
training programs to the students.
Kaplan International also includes the Kaplan Global Solutions business unit, which continues to develop partnerships with
colleges, universities and non-profit corporations and foundations. Kaplan Global Solutions, through its Colloquy business,
enables its university partners to develop online educational programs by providing an array of research, marketing and
design services. Through its Global Pathways programs, Kaplan Global Solutions enables its partner institutions in the
Americas to enhance their brand globally and increase international student enrollments by designing and marketing
custom programs aimed at student success.
Each of Kaplan’s international businesses is subject to unique and often complex regulatory environments in the countries
in which they operate. The degree of consistency in the application and interpretation of such regulations can vary
significantly in certain jurisdictions, which can make compliance challenging. No assurance can be given that Kaplan
will be able to comply with foreign regulations, and failure to do so could materially and adversely affect its operating
results.
Cable Television Operations
Through its subsidiary Cable One, Inc. (Cable ONE), the Company owns and operates cable television systems that
provide video, Internet and voice service to subscribers in 19 midwestern, western and southern states. At the end of
2012, Cable ONE provided cable service to approximately 593,600 video subscribers, representing about 41% of the
1,439,740 homes passed by the systems, had approximately 459,200 subscriptions to high-speed data (HSD) service
and 184,500 subscriptions to VoIP (digital voice) service. The video services offered by Cable ONE include certain
premium, cable network and local over-the-air channels in high-definition television (HDTV) format.
Regulation of Cable Television and Related Matters
Cable ONE’s cable, Internet and voice operations are subject to various requirements imposed by the U.S. local, state
and Federal governmental authorities. The regulation of certain cable television rates pursuant to procedures established
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