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McGraw-Hill Companies Prepares for Education Company Spin-off with Management Appointments

McGraw-Hill Companies (NYSE: MHP) announced further steps to establish the new, independent company, McGraw-Hill Education, by the end of this year.  The process of creating this new entity requires multiple changes across operating and support functions to both separate the education segment from The McGraw-Hill Companies and to stand up McGraw-Hill Education as an independent, digital learning and education services ... Read More »

McGraw-Hill Consolidated Revenues for 2011 Grew by 3% – Operating Income Grew by 1%

Standard & Poor’s Ratings: Revenue in the fourth quarter decreased by 8% to $434 million, reflecting a decline in global credit markets. Excluding $9 million for severance costs for a workforce reduction of approximately 30 positions, operating profit declined by 24% to $156 million compared to the same period in 2010. For the full-year 2011, revenue for Standard & Poor’s ... Read More »

McGraw-Hill Education and New Oriental to Form Joint Venture in China

Students across China will soon have the opportunity to participate in premier, after-school programs that advance their 21st century skills through an agreement announced today between McGraw-Hill Education and New Oriental Education & Technology Group, two of the world’s leaders in educational services. The planned formation of the joint venture highlights McGraw-Hill Education’s global expansion in the English-language skills development ... Read More »

McGraw-Hill Companies Announces Comprehensive Growth and Value Plan to Increase Shareholder Value

The comprehensive growth and value plan entails three key elements: Spin-off of Education creating two industry-leading public companies, one focused on Key Global Markets (with financial services as a core element) and the other on Education Streamline operations and reduce cost Acceleration of share repurchasing to US$ 1 billion The announced plan is a response to Jana Partners proposal to ... Read More »