Hi AppNewser readers - we're now a part of Mediabistro's SocialTimes.com. For more great App news, reviews, guides and tips, head over to InsideMobileApps.

McGraw-Hill to Split Into Two Public Companies

The textbook publisher McGraw-Hill announced today that it plans to split its business and educational divisions into 2 separate publicly-traded companies. The 2 new companies would include McGraw-Hill Markets, which will be focused on providing services to business, and McGraw-Hill Education, which will focus on overcharging students and contain the textbook publishing and education units.

McGraw-Hill Markets is expected to have around $4 billion in revenue this year, and it will retain S&P, J.D. Power and Associates, and other business services providers. McGraw-Hill Education is going to have around $2.4 billion in revenue this year, and it will include both the paper and digital textbook publishing in both the primary and secondary education markets as well as the digital content and educational services that McGraw-Hill provided to students and teachers.

Investors and analysts had been pushing for this move for some time.

image by James F Clay

Related Stories
Mediabistro Course

Social Media Metrics

Social Media MetricsStarting September 4, work with a social media manager to monitor, measure and optimize your social media efforts! Danielle Brigida will teach your how to sift through web analytics, Facebook Insights, and Twitter mentions to develop a comprehensive reporting and tracking system for your brand. Register now!