New York—Revenue for McGraw-Hill Cos.’ b-to-b unit, which includes Aviation Week & Space Technology, BusinessWeek and J.D. Power and Associates, rose 2.1% to $206.7 million in the second quarter based on the strength of BusinessWeek.com, the company reported Wednesday.
Ad pages for BusinessWeek fell 11.7% in the second quarter, according to the Publishers Information Bureau. The decline was compounded by the shutdown earlier this year of BusinessWeek’s European and Asian editions. BusinessWeek.com continues to show solid growth, producing 14.1% of BusinessWeek’s total ad revenue in the second quarter.
Overall, McGraw-Hill reported diluted earnings per share increased 17.6% to 60 cents for the second quarter. Net income rose 13.3% to $221 million. Revenue increased 4.9% to $1.5 billion.