McGraw-Hill Earnings: 'Cost Containment Remains A Priority'

The McGraw-Hill Companies (MHP) reported earnings of $336 million, down 13 percent from $390 million in this quarter last year. The Information & Media division, including J.D. Power & Associates, assorted trade magazines, and BusinessWeek (at least until the company can get the mag off its books and onto Bloomberg’s), saw revenue decline by 10 percent as the company cut expenses by 8 percent.