• McGraw Hill Cos. announced that it will split into two companies—one dedicated to financial information, and the other to educational publishing—by the end of 2012.
• After the split, McGraw-Hill Education expects to have $2.4 billion in assets and $600 million in debt, selling $400 million worth of bonds and taking out a $200 million dollar loan.
• President Lloyd Waterhouse says the spinoff has great potential to “take advantage of new opportunities created by the rapid expansion of digital products and services.”

From the article:

McGraw-Hill Education Inc., the textbook-publishing company that’s being split off from its parent, will have about $2.4 billion in assets and $600 million in debt, according to a regulatory filing. ...