Monday, November 26, 2012 11:19 am
NEWS SUMMARY: McGraw-Hill sells education division
By The Associated Press
THE SPLIT: The acquisition includes the New York-based company's digital and traditional textbook business and other assets. The remaining McGraw-Hill Financial business includes Standard & Poor's and J.D. Power and Associates.
LONG-TERM PLAN: McGraw-Hill first announced plans to split into two companies in September 2011 through either the sale or the spin-off of the education arm.