McGraw-Hill to sell TV stations


By Chris Ariens Comment

The McGraw-Hill Companies is getting out of the broadcasting business.

Denver’s KMGH (whose call letters signify McGraw-Hill), KGTV in San Diego, KERO in Bakersfield and WRTV in Indianapolis are up for sale.

McGraw-Hill says the stations “should be attractive to strategic and financial buyers with a focus on media.”

The Broadcasting Group had revenues of almost $100 million in 2010, up +18% over the prior year. McGraw-Hill also owns Azteca America affiliates in Denver, Fort Collins, Colorado Springs, San Diego and Bakersfield.

McGraw-Hill’s core companies include Standard & Poor’s, McGraw-Hill Education, Platts energy information services and J.D. Power and Associates.

In 2009, McGraw-Hill sold publication BusinessWeek to Bloomberg LP.