Earnings: McGraw Hill Revs Down 6.1 Percent On Finance; Media Up 3.2 Percent (CBS News)
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McGraw Hill, publisher of BusinessWeek, announced Q1 revenue of $1.21 billion a 6.1 percent decline from $1.29 billion in the year-ago period. The bottom line was even worse, with net income falling 43.6 percent to $81.1 million. The decline can largely be attributed to weakness at S&P and the fall-off in the structured finance business. Revenue at the information and media unit, which includes …
