Revenue for the Information & Media segment, which includes the Business-to-Business Group (Aviation Week & Space Technology, BusinessWeek, J.D. Power & Associates, McGraw-Hill Construction and Platts), grew to $1 billion, from $985 million in 2006.
BusinessWeek continues to struggle on the ad front, with ad pages down 18.2% in 2007 compared with 2006, according to the Publishers Information Bureau. However, ad revenue for BusinessWeek.com was up 14.8% in 2007.
Earlier this month, McGraw-Hill announced that it was taking a fourth-quarter pretax charge of $43.7 million related to its cutting 600 jobs.