Clarification: McGraw Hill-Strategic Review story

AP News
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Posted: Aug 18, 2011 5:24 PM
Clarification: McGraw Hill-Strategic Review story

In a story Aug. 17 on reports of the possible spinoff of McGraw-Hill Co.'s textbook-publishing business, The Associated Press reported that McGraw-Hill's announcement that it was continuing a strategic review of assets including the education business had come after two investors had disclosed their increased investment stakes in the company. The story should have made clear that McGraw Hill disclosed the strategic review in June, several weeks before hedge fund Jana Partners disclosed in an Aug. 1 securities filing that it and the Ontario Teachers' Pension Plan Board had increased their collective stake in McGraw-Hill to 5.2 percent.