The McGraw-Hill Companies Signs Agreement to Sell BusinessWeek to Bloomberg L.P.

Corporation Continues Growth Strategy Focused on Expanding Global Presence and
Digital Capabilities in Fast-Growing Markets

NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- The McGraw-Hill Companies (NYSE:
MHP) today announced it has agreed to sell BusinessWeek to Bloomberg L.P. The
transaction is expected to close during the fourth quarter of 2009. Terms of
the agreement were not disclosed.

"I am very proud of the tremendous contributions BusinessWeek has made to The
McGraw-Hill Companies throughout its rich history. It is a truly outstanding
franchise and the best source of business reporting in the world," said Harold
McGraw III, chairman, president and chief executive officer of The McGraw-Hill
Companies. "We are pleased that we have reached an agreement for BusinessWeek
to be acquired by Bloomberg, which shares the same high standards for
editorial independence, integrity and excellence that have long defined
BusinessWeek."

"BusinessWeek will be a powerful addition to our portfolio of leading news and
information services," said Peter T. Grauer, chairman of Bloomberg L.P.
"BusinessWeek is one of the business world's most recognized and trusted
sources of news and insight, and we believe that it will be highly valued by
our customers worldwide."

The transaction will enable The McGraw-Hill Companies to continue focusing
resources on building the size, scale and global presence of its leading
brands across fast-growing worldwide markets in financial services, education
and business information.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies is a leading global information
services provider meeting worldwide needs in the financial services, business
intelligence and education markets through leading brands such as Standard &
Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates,
McGraw-Hill Construction and Aviation Week. The Corporation has more than 280
offices in 40 countries. Sales in 2008 were $6.4 billion. Additional
information is available at www.mcgraw-hill.com.

Investor Relations: http://www.mcgraw-hill.com/investor_relations

Get news direct from McGraw-Hill via RSS:
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Release issued: Oct. 13, 2009

SOURCE The McGraw-Hill Companies

News Media, Steven H. Weiss, Vice President, Corporate Communications,
+1-212-512-2247 (office), +1-917-699-9389 (mobile), weissh@mcgraw-hill.com, or
Frank Briamonte, Senior Director, Corporate Communications, +1-212-512-4145
(office), +1-201-725-6133 (mobile), frank_briamonte@mcgraw-hill.com, or
Investor Relations, Donald S. Rubin, Senior Vice President, Investor
Relations, +1-212-512-4321 (office), donald_rubin@mcgraw-hill.com