September 13, 2011
The board of directors of the McGraw-Hill Companies have approved a plan to spin-off the company’s educational publishing group, McGraw-Hill Education, into its own company. Robert Bahash, currently president of the education segment, will continue to lead the group although a search is underway to recruit a new CEO.
As a standalone company with projected 2011 revenues of $2.4 billion, McGraw-Hill Education will be the second largest education group in the world, trailing only Pearson.
Although a global heavyweight, McGraw-Hill has little traction in the Japan ELT market, with the only success in recent years being the launch of We Can! with Japan-based Matsuka Phonics Institute.
• The McGraw-Hill Companies
• We Can!
|Permalink | Send us your news | Leave a comment|