McGraw-Hill (NYSE: MHP) reported strong performance in Q2, as profits grew by 25.4 to $277.1 million and revenue rose 12.5 percent to $1.7 billion compared to the same period in 2006. But the owner of Standard & Poor’s and BusinessWeek largely benefited from its financial services and educational materials, as BW saw its ad pages off by 20 percent. Still, overall the Information & Media unit, which houses BW, along with J.D. Power, Aviation Week and construction industry title Sweets, experienced revenue growth of 4.7 percent in Q2 to $249.9 million compared to the same period last year. Operating profit increased 13.1 percent to $14.7 million. In particular, the unit benefited from transforming Sweets from a primarily print catalog to a bundled print and online service. The company did not break out online performance numbers for that segment. Earnings release | Webcast
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