More News About the Life of Print
Tuesday, January 26, 2010
Category: Book Publishing, Magazines
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“The McGraw-Hill Companies reported a 43.2% increase in fourth quarter EPS,” says today’s press release.(Log-in may be required). The big gains were in McGraw-Hill Education at 2.6% and in Financial Services at 10.6%. “Information & Media” declined by 11.4%; you’ll have to dig deeper than I have to figure that one out. The major message I’m receiving is that a very old media company is weathering the storm with some aplomb. Good for them. |
There’s an embedded video and commentary at iSlate.org about an interview at CNET with the CEO of McGraw-Hill. It seems that the publishing companies of McGraw-Hill are making most of their publications available as e-books, including making a deal with Apple for distribution on the new iSlate, or whatever it’s going to be called.
http://www.islate.org/?p=711
I think it helps them that they publish in the education market, which is something I don’t see diminishing too much, unlike books for entertainment.
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Unfortunately, because of it’s still small marketshare, we do not support Chrome. Apologies.