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Monday, November 18, 2013

Washington Post Co to change name to Graham Holdings Co, (NASDAQ: AMZN)

Washington Post Co is changing its name to Graham Holdings Co after it sold the Washington Post newspaper to Inc founder Jeff Bezos. The company's symbol on the New York Stock Exchange will change to "GHC" from Nov. 29, Washington Post Co said on Monday.Washington Post Co, which also owns education services provider Kaplan, said in August it would sell its newspaper and other publishing businesses, as declining advertising revenue and readership hurt print media.The sale to Bezos closed on Oct. 1., Inc. ( serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN remained unchanged at $369.17. In the past year, the shares have traded as low as $227.45 and as high as $372.90. On average, 2672120 shares of AMZN exchange hands on a given day and today's volume is recorded at 30790.