McGraw-Hill Education Forms New McGraw-Hill Learning Group

To better leverage growth opportunities within the K-12 alternative basal and supplementary markets, McGraw-Hill Education today announced it will combine the operations of SRA/McGraw-Hill, Wright Group/McGraw-Hill and McGraw-Hill/Contemporary in one organization which will be named McGraw-Hill Learning Group, effective July 1. The new group will consist of two divisions: SRA/McGraw-Hill and Wright Group/McGraw-Hill.

"All three of these businesses offer effective learning programs that are serving the growing alternative basal and supplemental markets. Combining their operations will enable McGraw-Hill Education to enhance the focus on customer needs in these key areas and increase growth opportunities by leveraging existing functions, programs and titles," said William Oldsey, executive vice president of McGraw-Hill Education.

Peter Sayeski, who has an outstanding record of success in the publishing industry and led SRA/McGraw-Hill's successful growth strategy as its president, has been appointed president of McGraw-Hill Learning Group.

SRA/McGraw-Hill will focus on skill-based programs and continue to publish and market the well-known "Open Court Reading" and "Direct Instruction" product lines, as well as many other supplemental SRA titles. Wright Group/McGraw-Hill will be responsible for the popular "Everyday Mathematics" product line, the "Breakthrough to Literacy" program, the DLM Early Childhood publications, the Contemporary adult education products, and the supplemental titles from Creative Publications, Shortland-Mimosa, The Wright Group and National Textbook.

McGraw-Hill Education, is a leading provider of print and electronic learning solutions for the elementary, high school, higher education and professional markets. It is a unit of The McGraw-Hill Companies (NYSE: MHP), a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's and Business Week. Founded in 1888, the Corporation has more than 320 offices in 34 countries. Sales in 2002 were $4.8 billion. Additional information is available at www.mcgraw-hill.com.

SOURCE: McGraw-Hill Education

CONTACT: April Hattori of McGraw-Hill Education, +1-212-904-2078,
april_hattori@mcgraw-hill.com

Web site: http://www.mheducation.com/