Graham Holdings is a diversified holding company whose two largest businesses are education (through Kaplan) and local television broadcasting (through Graham Media Group, or GMG). Kaplan offers test prep for major admissions and professional licensure exams, higher education support services to universities, and international education programs including English-language, pathway, and professional accounting and finance training. Kaplan sells directly to students and professionals, earns managed services fees from university partners, and collects tuition from international students. GMG owns seven local TV stations in major U.S. markets, affiliated primarily with NBC, CBS, and ABC, generating revenue from local and national advertising and retransmission consent fees paid by cable and satellite distributors. Beyond these two core businesses, Graham Holdings operates a diverse collection of smaller businesses: healthcare (specialty home infusion pharmacy, home health, hospice, and palliative care), manufacturing (fire-retardant lumber, electrical solutions, lifting systems, and combustion equipment), and automotive dealerships in the D.C. area. Graham Holdings also owns a broad mix of media and consumer businesses, including restaurants, digital media publications, an art marketplace, and ecommerce analytics. Kaplan's international operations account for roughly 22% of consolidated revenues, with the largest international presence in the U.K., Australia, and Singapore.