McGraw-Hill announced today that fourth quarter revenue for its Broadcasting Group was up 21.7%.
Although McGraw-Hill‘s broadcasting unit benefitted from strong political advertising in the fourth quarter, it saw significant revenue growth for the year as a whole.
The company, which owns ABC-affiliates in Denver, San Diego, and Indianapolis, brought in $96.0 million in 2010, with $28.4 million coming in the fourth quarter.
Overall, McGraw-Hill’s Broadcasting Group increased revenue by 18.3% in 2010.
“Double-digit EPS growth and the maintenance of a rock-solid financial position were the hallmarks of our performance in 2010,” said Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies.