McGraw-Hill Broadcast Revenue Up 2.2%

McGraw-Hill reported broadcasting revenue of $18.7 million
in the first quarter, a 2.2% improvement over the same quarter last year.
"National and local time sales benefited from an increase in automobile
advertising," the company said in a statement. "Health care issues,
propositions in California, the race for
governor in California and a Senate seat in Colorado combined to
produce an increase in political advertising in the first quarter."

McGraw-Hill owns four ABC-affiliated stations, including
KGTV San Diego. Its broadcast chief, DarrellBrown, heads up the ABC affiliates board.

The Information & Media Group reported $206.2 million in
the first quarter, an 8.5% decline. It divested BusinessWeek to
Bloomberg Dec. 1.

McGraw-Hill, which owns educational products and financial
services as well as media, reported net income for the first quarter of $103.3
million, a 64% improvement over the same quarter a year ago. Revenue grew by
3.7% in the quarter.

"Recovery in global bond markets, solid results in U.S. higher
education, which is benefiting from double-digit growth in digital products and
services, and an outstanding performance in global energy information markets
were major factors in our first quarter," said Chairman/President/CEO
Harold McGraw III. "The operating margin expanded in all three

Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.