McGraw-Hill Cos. will split up into two public companies with one focused on education and the other centered on markets, featuring the Standard & Poor’s unit, reports Forbes. The decision, which has been expected, follows a yearlong review of the company’s business. Investors have pushed the New York company to boost the company’s stock price, which has dropped by more than 40 percent since 2006. The company’s S&P ratings agency has been under fire for its recent downgrade of U.S. debt, as well as several bad calls it made leading up to the financial crisis and economic meltdown that began in 2008. The unit’s president stepped down last month…
eSchool Media staff cover education technology in all its aspects–from legislation and litigation, to best practices, to lessons learned and new products. First published in March of 1998 as a monthly print and digital newspaper, eSchool Media provides the news and information necessary to help K-20 decision-makers successfully use technology and innovation to transform schools and colleges and achieve their educational goals.
Latest posts by eSchool News Staff (see all)