Graham Holdings Company sold The Root.com, a D.C.-based on-line magazine focused on news, opinions, culture and entertainment from the perspective of African Americans, to La Fabrica, a division of Univision Interactive Media, Inc.
Donna Byrd, publisher, and Henry Louis Gates, co-founder, launched The Root in 2008. “We are extremely proud and grateful for all they have accomplished, and we are excited for the new growth opportunities” the sale gives them, said Donald E. Graham, chairman and CEO of Graham Holdings.
Graham Holdings Company is a diversified education and media company whose principal operations include educational services, television broadcasting, cable systems and online services, print and local TV news. The company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); Cable ONE, serving small-city subscribers in 19 midwestern, western and southern states; The Slate Group (Slate and Slate V); and Foreign Policy. The Company also owns Trove, a digital team focused on innovation and experimentation with emerging technologies; SocialCode, a leading social marketing solutions company; Celtic Healthcare; Forney Corporation; Joyce/Dayton Corp; and Residential Healthcare Group.