Washington Post 2011 Annual Report Download - page 25

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institutions in the Americas to expand globally and increase international student enrollments through custom programs
aimed at student success.
Kaplan Ventures
The Kaplan Ventures division manages and develops businesses in markets adjacent to Kaplan’s core educational
businesses. Kaplan Ventures management provides these businesses with industry expertise and management support with
a view toward the long-term strategic benefits these businesses may provide to Kaplan. The Kaplan Ventures division
comprises Kaplan EduNeering, The Kidum Group (Kidum) and Kaplan VC LLC.
Kaplan EduNeering provides online regulatory compliance training and learning management systems technology
principally for businesses in the pharmaceutical, medical technology, health care, energy, telecom and defense-related
industries. During 2011, Kaplan EduNeering provided services to more than 1.7 million users at approximately
420 companies.
Kidum, headquartered in Tel Aviv, Israel, provides test preparation courses for Israeli high school graduation exams,
university admissions exams and the GMAT. Kidum also provides English-language courses at ten permanent centers
located throughout Israel as a franchisee of Wall Street Institute, which is a provider of English-language training to
corporations and individuals at locations outside the U.S. During 2011, Kidum provided courses to approximately
28,000 students.
Kaplan VC LLC serves as Kaplan’s corporate venture capital arm, identifying and investing in high-growth education
technology companies.
During 2011, Kaplan Ventures acquired Insight Schools, Inc., a competitor of its Kaplan Virtual Education (KVE) business.
Insight Schools provides online and blended learning solutions for K12 learners and educators; it previously operated
online virtual schools throughout the U.S. in partnership with school districts and through private schools. Following this
acquisition, Kaplan Ventures sold the businesses’ combined assets to K12, Inc.
On February 9, 2012, Kaplan Ventures completed the sale of its Kaplan Learning Technologies business (KLT). KLT
provides software products, including STT Trainer and Atlantic Link, that help individuals and organizations train on
software applications.
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
2011, Cable ONE provided cable service to approximately 621,423 basic video subscribers, representing about 44%
of the 1,425,584 homes passed by the systems and had in force approximately 257,791 subscriptions to digital video
service, 451,082 subscriptions to high-speed data (HSD) service and 179,989 subscriptions to VoIP (digital voice)
service. Digital video, Internet and VoIP services are available in markets serving Cable ONE’s entire subscriber base.
The digital 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
by Congress has negatively affected Cable ONE’s revenue. Certain other legislative and regulatory matters discussed in
this section also have the potential to adversely affect Cable ONE’s cable television, Internet and voice businesses.
Cable Television
U.S. Federal law requires or authorizes the imposition of a wide range of regulations on cable television operations.
Franchising. Cable ONE’s cable systems are required to obtain franchises from state or local governmental authorities to
operate. Those franchises typically are nonexclusive and limited in time, contain various conditions and limitations and
provide for the payment of fees to the local authority, determined generally as a percentage of revenues. Additionally, those
franchises often regulate the conditions of service and technical performance and contain various types of restrictions on
transferability. Failure to comply with all of the terms and conditions of a franchise may give rise to rights of termination by
the franchising authority. The U.S. Federal Communications Commission (FCC) has adopted rules designed to expedite the
process of awarding competitive franchises and relieving applicants for competing franchises of some locally imposed
franchise obligations. The FCC also has extended certain of these “reforms” to incumbent cable operators. Separately,
2011 FORM 10-K 13