BREAKING NEWS & VIEWS

More Job Cuts at McGraw-Hill
Wednesday, May 21, 2008

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McGraw-Hill said Tuesday it would eliminate 395 jobs in its educational publishing and financial services divisions. This would reduce the overall head count by about 2%. The cuts will result in a charge to earnings of $14.8 million, or 5 cents per share in the second quarter. McGraw-Hill cut jobs by 3% in January of this year, meaning that within five months, it has cut approximately 5% of its total staff, just over 1,000 positions.

On the magazine side, the most notable publication McGraw-Hill owns is BusinessWeek.com.

For the full story, click here.
If you have any breaking news please contact Amy Novak at anovak@accessintel.com


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