Wednesday, June 15, 2011

McGraw-Hill Wants Out of the TV Biz

KERO-TVImage via WikipediaMediabistro's TV Spy blog reports today that McGraw-Hill Companies. is looking to unload its broadcasting holdings.

The company's Broadcasting Group boasted an 18 percent increase in revenues in 2010 compared to 2009 figures, generating nearly $100 million, according to TV Spy, which should make the tv properties attractive to suitors.  Among the McGraw-Hill-owned stations are KMGH-TV in Denver, KERO-TV in Bakersfield, California and WRTV-TV in Indianapolis.

McGraw-Hill, which unloaded Business Week to Bloomberg in 2009, is best known for its ownership of Standard & Poor's, J.D. Power and Associates and McGraw-Hill Education publications.
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