Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


McGraw-Hill to sell broadcasting group

Published on .

New York—McGraw-Hill Cos. has retained Morgan Stanley & Co. to pursue the divestiture of its broadcasting group. The broadcasting group, which had growth of 18% and revenue of almost $100 million last year, consists of several television stations, including ABC affiliates in Denver, Colo. (KMGH); San Diego, Calif. (KGTV); Bakersfield, Calif. (KERO); and Indianapolis (WRTV). In a press release McGraw-Hill said, “The planned divestiture is part of a continuing portfolio review that McGraw-Hill is undertaking across the enterprise to re-evaluate its strategic core and ensure it is appropriately allocating capital to generate shareholder value.” (The company sold BusinessWeek to Bloomberg L.P. in December 2009.)
Most Popular
In this article: