McGraw-Hill Announces Separation into Two Public Companies

The McGraw-Hill Companies MHP today announced that its Board of Directors has unanimously approved a comprehensive Growth and Value Plan that includes separation into two strong public companies: McGraw-Hill Markets, primarily focused on capital and commodities markets, and McGraw-Hill Education, focused on education services and digital learning. The three-part Plan is designed to accelerate growth and increase shareholder value by: 1. Creating two "pure-play" companies with the scale, and the capital and cost structures to fully leverage their world-class franchises, iconic brands, and leading market positions 2. Reducing costs significantly to ensure efficient operating structures for the two new companies 3. Accelerating the pace of share repurchases to a total of $1 billion for the full year 2011 (approximately $540 million repurchased year to date)