Mcgraw Hill Companies (MHP)

[vallence]

The Shrinking McGraw-Hill Company.
Below is an article by Shira Ovide that just came out that is saying what I said since 2006 and is in my free website http://fallofthehouseofmcgrawhill.com/ . McGraw-Hill is going to shrink back to their core business in this economic collapse happening now which will become the Greatest Depression in the economic history of humans . It has been happening since 2006 but the company has been trying to gloss it over-not any more, the cat is out of the bag. News Week Magazine publication was dumped and now their broadcast networks are on the block for sale and the national media is not even calling this economic down turn a Depression yet. Mcgraw-Hills Higher Education text book division has been in trouble since 2006 and cut backs have happened every year. Their "cat fight" with Prentice Hall Publishing(aka Pearson) over the supremacy of certain text books(by those of questionable mental stability) has taken the focus off what should be the real issues facing MHP. Those issues are the production of good basic text not Hollywood productions, at the lowest cost to students in this Greatest Depression. More on this in my next article. Those invested in MHP now best read my previous articles on the comparison between Barrick Gold Mining and McGraw-Hill Publishing and my free site http://fallofthehouseofmcgrawhill.com/ and re-evaluate as to whether they really want to be holding MHP stock. I have always made it clear that I think MHP will survive the coming long winter of the Greatest Depression but the company will only be a fraction of it's current size and the share price will end up below one dollar. Sell MHP now and buy one of the hundreds of excellent gold and silver mining companies and buy MHP back when I do when it is below one dollar.
June 14, 2011
The Incredibly Shrinking McGraw-Hill
By Shira Ovide
McGraw-Hill, best known for its ownership of Standard & Poor’s and for being among the biggest textbook companies around, is going on diet.
The company announced today it is putting its TV stations up for sale. Remember that McGraw-Hill already has sold another odd-fit media company in its portfolio, BusinessWeek magazine. (Yes, McGraw-Hill does own TV stations. Nine of them to be exact, including in big markets Denver and San Diego.)
McGraw-Hill also tucked another disclosure into its news release: ”The Company is also evaluating G&A costs across the corporation to ensure it continues to support its businesses efficiently.” This is code for “we’re looking to cut costs for people and other things. Watch out.”
The media businesses McGraw-Hill has sold or plans to sell aren’t huge chunks of the enterprise. McGraw-Hill said the TV stations had revenue of nearly $100 million last year, compared to total company revenue of $6.17 billion. BusinessWeek similarly was a speck.