Budgeting for a challenging '09

Expanding beyond media

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While companies in the b-to-b media space expand their offerings beyond print into e-media and events, McGraw-Hill Cos.' Business Information Group is expanding beyond media altogether, said Harry Sachinis, president of the unit. He noted that venerable media products such as Architectural Record, Aviation Week and ENR are only part of the 3-year-old Business Information Group, which also includes Platt's, a leading international provider of energy information; the Sweets Network database of construction products; and Dodge Reports on construction projects. “I am quite positive in my outlook, even in what may be a tough environment for media,” Sachinis said. “I'm looking at a healthy picture based on services that are imbedded in the work flows of the various industries. “It's going to be a good year for us in 2008, and we're going to do very well against our budget,” he added, declining to be more specific. In addition to continuing the transformation of the Business Information Group beyond media, Sachinis said he is also looking to expand globally. “How do I see the budget for next year? I see growth both on the revenue side and the profit side, and I will have to leave it at that,” he said.
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