EXHIBIT 21
SUBSIDIARIES OF THE COMPANY
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Bowater Mersey Paper Company Limited | | Nova Scotia | | | 49 | % |
| | | | | | | |
| Cable One, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Capitol Fiber, Inc. | | Maryland | | | 80 | % |
| | | | | | | |
| The Daily Herald Company | | Washington | | | 100 | % |
| | | | | | | |
| El Tiempo Latino LLC | | Delaware | | | 100 | % |
| | | | | | | |
| Express Publications Company, LCC | | Delaware | | | 100 | % |
| | | | | | | |
| Greater Washington Publishing, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Kaplan, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| American Educational Resources, Inc. | | Massachusetts | | | 100 | % |
| | | | | | | |
| DP Group, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| DF Institute, Inc. | | Illinois | | | 100 | % |
| | | | | | | |
| Dearborn Financial Publishing, Inc. | | Illinois | | | 100 | % |
| | | | | | | |
| Kaplan-Ivy Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Education Connection Services, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Kaplan Netherlands B.V | | The Netherlands | | | 100 | % |
| | | | | | | |
| Accountancy & Business College Holdings Limited | | Ireland | | | 100 | %(a) |
| | | | | | | |
| Accountancy & Business College (Ireland) Limited | | Ireland | | | 100 | % |
| | | | | | | |
| Accountancy & Business College (Software) Limited | | Ireland | | | 100 | % |
| | | | | | | |
| DBS Training Limited | | Ireland | | | 100 | % |
| | | | | | | |
| European Business School (Ireland) Limited | | Ireland | | | 100 | % |
| | | | | | | |
| LSB College Limited | | Ireland | | | 100 | % |
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Buccleuch Estates Limited | | Ireland | | | 100 | % |
| | | | | | | |
| Newhall Printing Co. Limited | | Ireland | | | 100 | % |
| | | | | | | |
| The Dublin Business School Limited | | Ireland | | | 100 | % |
| | | | | | | |
| DBS Education (Malaysia) SDN BHD | | Malaysia | | | 100 | % |
| | | | | | | |
| Coxcourt Limited | | Ireland | | | 100 | % |
| | | | | | | |
| Kidum Enterprises and Publishing (1981) Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| Lachman Test Preparation Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| Kidum Test Preparation Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| Kidum IT Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| Kidum Enterprises Management & Marketing (1995) Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| W.S.I. Training Ltd. | | Israel | | | 100 | % |
| | | | | | | |
| Kaplan Test Prep and Admissions Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan (Canada) Ltd. | | Ontario | | | 100 | % |
| | | | | | | |
| Kaplan Educational Services de Mexico, S. de R.L. de C.V. | | Mexico | | | 99 | % |
| | | | | | | |
| Kaplan Higher Education Corporation | | Delaware | | | 100 | % |
| | | | | | | |
| Andon Colleges, Inc. | | California | | | 100 | % |
| | | | | | | |
| DEST Education Corporation | | California | | | 100 | % |
| | | | | | | |
| California Academy of Merchandising, Art & Design, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| CHI Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Computer Hardware Service Company, Inc. | | Pennsylvania | | | 100 | % |
2
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Denver Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Educational Ventures (Texas), Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Texas Educational Ventures, LLP | | Texas | | | 1 | %(b) |
| | | | | | | |
| HBC Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Heritage-KHEC, Inc. | | Nevada | | | 100 | % |
| | | | | | | |
| ICM Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Iowa College Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| KHEC-Albuquerque, Inc. | | New Mexico | | | 100 | % |
| | | | | | | |
| KHEC-Florida, Inc. | | Florida | | | 100 | % |
| | | | | | | |
| KHEC-Maine, Inc. | | Maine | | | 100 | % |
| | | | | | | |
| Andover College | | Maine | | | 100 | % |
| | | | | | | |
| MTSX Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Maric Learning Systems | | California | | | 100 | % |
| | | | | | | |
| New Hampshire Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Hesser, Inc. | | New Hampshire | | | 100 | % |
| | | | | | | |
| OIOPT Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Palo Vista College of Nursing & Allied Health Sciences, Inc. | | California | | | 100 | % |
| | | | | | | |
| Quest Ventures, LLC | | Delaware | | | 100 | % |
| | | | | | | |
| Texas Educational Ventures, LLP | | Texas | | | 99 | %(c) |
| | | | | | | |
| RETS Acquisition Corp. | | Massachusetts | | | 100 | % |
| | | | | | | |
| SACMD Acquisition Corp. | | Delaware | | | 100 | % |
| | | | | | | |
| Sawyer-KHEC, Inc. | | Indiana | | | 100 | % |
| | | | | | | |
| Sawyer College, Inc. | | Indiana | | | 100 | % |
3
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Scottsdale Educational Center for Allied Health Careers, Incorporated | | Arizona | | | 100 | % |
| | | | | | | |
| Tesst-Kap, LLC | | Delaware | | | 100 | % |
| | | | | | | |
| Thompson Education, LLC | | Delaware | | | 100 | % |
| | | | | | | |
| Kaplan International, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Kaplan IT, Inc. | | Georgia | | | 100 | % |
| | | | | | | |
| Kaplan IT Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan IT (PTY) Limited | | South Africa | | | 100 | % |
| | | | | | | |
| Kaplan Mexico Holdings, LLC | | Delaware | | | 100 | % |
| | | | | | | |
| Kaplan Educational Services de Mexico, S. de R.L. de C.V. | | Mexico | | | 1 | % |
| | | | | | | |
| SAG Software Private Limited | | India | | | 95 | % |
| | | | | | | |
| Kaplan (PR) Inc. | | Puerto Rico | | | 100 | % |
| | | | | | | |
| Kaplan Test Prep International, Inc. | | California | | | 100 | % |
| | | | | | | |
| Kaplan U.K. Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Aspect Education Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Aspect (Beijing) Education Information Consulting Co. Ltd. | | China (PR) | | | 100 | % |
| | | | | | | |
| Aspect Education Sydney Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Aspect Education UK Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Aspect Educational Services Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Aspect ILA Perth Pty | | Australia | | | 100 | % |
| | | | | | | |
| Aspect US Holdings Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Aspect Education, Inc. | | California | | | 100 | % |
| | | | | | | |
| Aspect International Language Schools II BV | | The Netherlands | | | 100 | % |
4
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Aspect Education Sweden AB | | Sweden | | | 100 | % |
| | | | | | | |
| Aspect International Language Academies Limited | | England & Wales | | | 99.9995 | % |
| | | | | | | |
| Aspect International Language Schools Corp. | | Canada | | | 100 | % |
| | | | | | | |
| Aspect International Language Schools Limited | | Ireland | | | 100 | % |
| | | | | | | |
| Aspect Internationale Sprachschule GmbH | | Germany | | | 100 | % |
| | | | | | | |
| Aspect Language Schools Limitada | | Columbia | | | 50 | % |
| | | | | | | |
| Aspect Language Schools Limited | | Switzerland | | | 100 | % |
| | | | | | | |
| Aspect International Language Academies Limited | | England & Wales | | | 0.0005 | % |
| | | | | | | |
| Aspect Language Schools Limitada | | Columbia | | | 50 | % |
| | | | | | | |
| Aspect S.A.R.L. France | | France | | | 100 | % |
| | | | | | | |
| International Language Academies Education (NZ) Limited | | New Zealand | | | 100 | % |
| | | | | | | |
| ILA South Pacific Limited | | New Zealand | | | 100 | % |
| | | | | | | |
| Optagon International Limited BVI | | British Virgin Islands | | | 100 | % |
| | | | | | | |
| Aspect Education (Hong Kong) Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| Kaplan International Holdings Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| FTC Kaplan Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Emile Woolf College Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| The Financial Training (Shanghai) Co., Ltd. | | China (PR) | | | 100 | % |
5
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| The Financial Training Company (Singapore) Pte. Limited | | Singapore | | | 100 | % |
| | | | | | | |
| The Financial Training Company (HK) Pte. Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| Profound Development Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| Profound Times Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| HLT Holdings Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| HLT Properties Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Holborn College Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan International Colleges U.K. Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan Glasgow Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan NT Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan US Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan Law School Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan Publishing Foulks Lynch Limited | | England & Wales | | | 100 | % |
| | | | | | | |
| Kaplan Australia Holdings Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Kaplan Australia Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Tribeca Learning Limited | | Australia | | | 100 | % |
| | | | | | | |
| Graduate Institute of Management and Technology Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| The Institute of Management and Development Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Monroe Topple and Associates Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Tribeca Learning (Aust.) Pty Limited | | Australia | | | 100 | % |
6
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Australian Property College Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Webb Martin Pty Limited | | Australia | | | 100 | % |
| | | | | | | |
| Kaplan Singapore Pte. Ltd. | | Singapore | | | 100 | % |
| | | | | | | |
| APMI Group Pte. Ltd. | | Singapore | | | 100 | % |
| | | | | | | |
| Asia Pacific Management Institute Pte Ltd | | Singapore | | | 100 | % |
| | | | | | | |
| Asia Pacific Management Institute Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| Asia Pacific School of Business Pte Ltd | | Singapore | | | 100 | % |
| | | | | | | |
| Lotus Advertising Pte Ltd | | Singapore | | | 100 | % |
| | | | | | | |
| Management Academy Singapore Pte. Ltd. | | Singapore | | | 100 | % |
| | | | | | | |
| Management Development Institute (HK) Limited | | Hong Kong | | | 100 | % |
| | | | | | | |
| SAG Software Private Limited | | India | | | 5 | % |
| | | | | | | |
| Score! Learning, Inc. | | Delaware | | | 95.85 | % |
| | | | | | | |
| eScore.com, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Score! Educational Centers, Inc. | | California | | | 100 | % |
| | | | | | | |
| Washington Post/Kaplan IC Limited Company | | Cyprus | | | 100 | % |
| | | | | | | |
| Los Angeles Times-Washington Post News Service, Inc. | | D.C. | | | 50 | % |
| | | | | | | |
| Newsweek, Inc. | | New York | | | 100 | % |
| | | | | | | |
| Newsweek Budget Travel, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Newsweek Productions, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Newsweek Services, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Newsweek Services (Canada), Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Media, Inc. | | Maryland | | | 100 | % |
7
SUBSIDIARIES OF THE COMPANY
(continued)
| | | | | | | |
| | | Jurisdiction | | % of |
| | | of | | Voting |
| | | Incorporation | | Equity |
| | | or | | Owned |
| Name of Subsidiary | | Organization | | by Parent |
| | | | | | | |
| Post-Newsweek Stations, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, Florida, Inc. | | Florida | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, Houston GP, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, Houston, LP | | Delaware | | | 1 | %(b) |
| | | | | | | |
| Post-Newsweek Stations, Houston Holdings (Limited), Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, Houston, LP | | Delaware | | | 99 | %(c) |
| | | | | | | |
| Post-Newsweek Stations, Michigan, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, Orlando, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, San Antonio GP, Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, San Antonio, LP | | Delaware | | | 1 | %(b) |
| | | | | | | |
| Post-Newsweek Stations, San Antonio Holdings (Limited), Inc. | | Delaware | | | 100 | % |
| | | | | | | |
| Post-Newsweek Stations, San Antonio, LP | | Delaware | | | 99 | %(c) |
| | | | | | | |
| Robinson Terminal Warehouse Corporation | | Delaware | | | 100 | % |
| | | | | | | |
| Washingtonpost.Newsweek Interactive Company, LLC | | Delaware | | | 100 | % |
| | | | | | | |
| WP Company LLC | | Delaware | | | 100 | % |
| | |
| (a) | | Coxcourt Limited also owns voting stock in Accountancy & Business College Holdings Limited. The combined stock ownership of Kaplan Netherlands B.V. and Coxcourt Limited in Accounting & Business College Holdings Limited is 100%. |
| |
| (b) | | General partnership interest. |
| |
| (c) | | Limited partnership interest. |
As permitted by Item 601(b)(21) of Regulation S-K, the foregoing list omits certain subsidiaries which, if considered in the aggregate as a single subsidiary, would not constitute a “significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X.
8
