NEW YORK, May 21 /PRNewswire-FirstCall/ -- The McGraw-Hill Companies (NYSE: MHP) today announced the sale of Vista Research Inc., to Guidepoint Global, LLC, a leading provider of primary research services to investors around the world.

 

"The divestiture of Vista Research advances our business portfolio management strategy of directing resources to businesses where we have the best opportunities for achieving significant financial growth, higher margins and market leadership," said Harold McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies. "This will allow us to bring even greater focus to expanding Standard & Poor's Investment Services position as the world's leading provider of independent investment research, analysis, data and opinions for investment managers and advisors."

 

The Corporation will incur a pre-tax loss on the sale of $13.8 million, or approximately $0.03 per diluted share of second-quarter 2009 earnings.

 

About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.

 

Investor Relations: http://www.mcgraw-hill.com/investor_relations

 

SOURCE The McGraw-Hill Companies

Contact: Investor Relations - Donald S. Rubin, Senior Vice President, Investor Relations, +1-212-512-4321 (office), [email protected], or News Media - Steven H. Weiss, Vice President, Corporate Communications, +1-212-512-2247 (office), +1-917-699-9389 (mobile), [email protected], both of The McGraw-Hill Companies