The McGraw-Hill Companies reported its Broadcasting Group's revenue increased 2.2% to $18.7 million in the first quarter compared to the same period last year. National and local time sales benefited
from an increase in automobile advertising. Health-care issues, propositions in California, the race for governor in California and a Senate seat in Colorado combined to produce an increase in
political advertising in the first quarter.
The company as a whole reported net income for the period increased 63.9% to $103.3 million versus $63.0 million for the first quarter of
2009. Revenue grew by 3.7% in the first quarter to $1.2 billion.
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