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McGraw-Hill’s fourth-quarter earnings fall

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New York—McGraw-Hill Cos., which owns BusinessWeek and Standard & Poor's Rating Service, Wednesday reported its fourth-quarter earnings edged down despite a 13% gain in revenue.

Earnings fell to $189.3 million, from $190.0 million in the year-earlier period. Revenue increased 13% to $1.50 billion, from $1.36 billion.

For the full year, McGraw-Hill reported a profit of $844.3 million, or $2.21 per share, up 12% from $755.8 million, or $1.96 per share for 2004. Revenue rose 14% to $6 billion, from $5.25 billion the previous year.

Revenue for the Business-to-Business Group, which includes BusinessWeek, J.D. Power and Associates, construction, aviation and energy products and services, grew 19% to $819 million for the full year and 28% to $265.0 million for the fourth quarter.

—Matthew Schwartz

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