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McGraw-Hill net income in Q4 falls 4%

Published on .

New York—McGraw-Hill Cos. announced its revenue in the fourth quarter increased 4.2% to $1.5 billion. For the full year in 2010, the company's revenue increased 3.6% to $6.2 billion.

In the fourth quarter, however, McGraw-Hill's net income declined 8.0% to $153.8 million. For the full year, the company's net income increased 13.4% to $828.1 million.

McGraw-Hill's information and media division's business-to-business group, which includes the Aviation Week, J.D. Power and Associates, McGraw-Hill Construction and Platts brands, posted a revenue decline of 4.0% to $220.9 million in the fourth quarter. For the full-year 2010, the group's revenue fell 7.0% to $811.5 million; however, excluding results for BusinessWeek, which it sold to Bloomberg in December 2009, the unit‘s revenue grew 4.9%.

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