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HAROLD W. MCGRAW III ASSUMES FULL OPERATING RESPONSIBILITY FOR ALL McGRAW-HILL BUSINESS UNITS

 HAROLD W. MCGRAW III ASSUMES FULL OPERATING
 RESPONSIBILITY FOR ALL McGRAW-HILL BUSINESS UNITS
 NEW YORK, April 15 /PRNewswire/ -- Joseph L. Dionne, chairman, president and chief executive officer of McGraw-Hill, Inc. (NYSE: MHP), today announced that Harold W. McGraw III, executive vice president- operations, will assume full operating responsibility for all the company's business units. The move adds to his responsibility all business units formerly reporting to Walter D. Serwatka, executive vice president-operations, who has resigned.
 McGraw has been responsible for the Business Week, Aviation Week and Broadcasting groups, Standard & Poor's Ratings, S&P Information Group, Kenny S&P, DRI/McGraw-Hill and Tower Group International. The additional business units now reporting to him include the Construction Information, Education, Professional Publishing, and Computers and Communications groups, and Shepard's/McGraw-Hill.
 "Terry McGraw has successfully managed some of McGraw-Hill's most important businesses," said Dionne. "Under his direction, our financial services operations, including Standard & Poor's, have grown by nearly 70 percent in only three years, and in 1991 contributed almost half of the corporation's operating profits.
 "He also helped steer McGraw-Hill's two biggest advertising-based businesses, Broadcasting and Business Week, through a difficult economy while maintaining or increasing marketshare."
 McGraw, 43, was appointed executive vice president-operations of McGraw-Hill, Inc. in December 1989. He joined McGraw-Hill in 1980 as assistant vice president, Investment. In 1983, he became director, corporate planning systems, and was named vice president for corporate planning the following year. In 1985, McGraw became publisher of Aviation Week & Space Technology magazine, and vice president for the Transportation Market Focus Group. In 1986, he was named group vice president/publisher, Transportation, Aerospace and Defense.
 McGraw became president of McGraw-Hill Publications Company in 1987, and president of the McGraw-Hill Financial Services Company in 1988. Before joining McGraw-Hill, McGraw held a number of financial positions with General Telephone & Electronics, including assistant vice president, Pension Investments of GTE Management Corp.
 McGraw has been a member of the McGraw-Hill board of directors since 1987. He is the great-grandson of James H. McGraw, founder of McGraw- Hill, Inc., and the son of Harold W. McGraw, Jr., chairman emeritus of the corporation.
 Harold W. McGraw III received an MBA from the Wharton School of the University of Pennsylvania in 1976, and a BA from Tufts University in 1972. He has been a member of the Brunswick School Board, Greenwich, Conn., since 1986 and a member of the board of directors of Hartley House in New York City since 1983.
 McGraw will continue to report to Joseph L. Dionne.
 McGraw-Hill, Inc., headquartered in New York City, is one of the world's leading publishing and information services companies. Sales for 1991 were $1.9 billion.
 -0- 4/15/92
 /CONTACT: Elizabeth L. Russo of McGraw-Hill, 212-512-3493/
 (MHP) CO: McGraw-Hill, Inc. ST: New York IN: PUB SU: PER


TS -- NY054 -- 8669 04/15/92 11:58 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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