The McGraw-Hill Companies Accelerates Share Repurchases

The McGraw-Hill Companies MHP intends to exceed its previous guidance on share repurchases, which called for buying back approximately 4.2 million shares this year. Yesterday, the Corporation announced it has repurchased 3.3 million shares for $124 million during the first quarter of 2011. During the remainder of 2011 the Corporation will purchase shares subject to market conditions. Approximately 5.1 million shares are remaining under the current share repurchase program approved by the Board in 2007.