Item 8.01 Other Events.

Graham Holdings Company (the "Company") has entered into an agreement with a subsidiary of Spotify Technology S.A. to sell its Megaphone podcast business for $235 million. The Company will record a substantial pre-tax gain upon the closing of the transaction. The transaction is subject to regulatory approval and the satisfaction of other closing conditions.

A copy of the press release is filed with this Form 8-K and is attached hereto as Exhibit 99.1.




Item 9.01      Financial Statements and Exhibits.

Exhibit 99.1   Press release of Graham Holdings Company dated November 10, 2020.




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Exhibit Index

Exhibit 99.1          Graham Holdings Company Press Release dated November 10, 2020.

                    Cover Page Interactive Data File, formatted in Inline XBRL and included as
Exhibit 104         Exhibit 101.






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