Education News in Brief

McGraw-Hill Plans To Split Off Ed. Unit

By The Associated Press — September 20, 2011 1 min read
  • Save to favorites
  • Print

The McGraw-Hill Cos., one of the nation’s largest providers of education content, is searching for a new leader for its education business after its board approved splitting the company into two public businesses, one focused on education and the other on markets.

The move follows a yearlong review of New York City-based McGraw-Hill, whose stock price has dropped by more than 40 percent since 2006. The company said the split will create more “sharply defined” companies. Activist shareholders, including the Ontario Teachers’ Pension Plan, based in Canada, had pushed the company to break into separate entities.

McGraw-Hill Education will be the new company focused on education services and digital learning. It is forecasting revenue of about $2.4 billion for the year, compared with about $4 billion for the markets business.

Together, the companies, founded in 1888, have provided technical and trade publications, textbooks, and digital education resources, as well as information and analysis on global markets.

A version of this article appeared in the September 21, 2011 edition of Education Week as McGraw-Hill Plans To Split Off Ed. Unit

Events

Classroom Technology Webinar Building Better Blended Learning in K-12 Schools
The pandemic and the increasing use of technology in K-12 education it prompted has added renewed energy to the blended learning movement as most students are now learning in school buildings (and will likely continue

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: November 17, 2021
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Nearly a Million Kids Vaccinated in Week 1, White House Says
Experts say there are signs that it will be difficult to sustain the initial momentum.
4 min read
Leo Hahn, 11, gets the first shot of the Pfizer COVID-19 vaccine, Tuesday, Nov. 9, 2021, at the University of Washington Medical Center in Seattle. Last week, U.S. health officials gave the final signoff to Pfizer's kid-size COVID-19 shot, a milestone that opened a major expansion of the nation's vaccination campaign to children as young as 5. (AP Photo/Ted S. Warren)
Education How Schools Are Getting Kids the COVID Shot, and Why Some Aren’t
Some district leaders say offering vaccine clinics, with the involvement of trusted school staff, is key to helping overcome hesitancy.
5 min read
A girl walks outside of a mobile vaccine unit after getting the first dose of her COVID-19 vaccine, outside P.S. 277, Friday, Nov. 5, 2021, in the Bronx borough of New York. (AP Photo/Eduardo Munoz Alvarez)
Education Biden Administration Urges Schools to Provide COVID-19 Shots, Information for Kids
The Biden administration is encouraging local school districts to host vaccine clinics for kids and information on benefits of the shots.
2 min read
President Joe Biden, and first lady Jill Biden walk to board Marine One on the South Lawn of the White House in Washington, Saturday, Nov. 6, 2021. Biden is spending the weekend at his home in Rehoboth Beach, Del. (AP Photo/Alex Brandon)