McGrawHill Reports Revenue Slide

first_imgDuring the first quarter, BusinessWeek’s ad pages were down 19.4 percent over the same period in 2007, and ad revenues dropped 15.5 percent to $53.9 million, according to the Publishers Information Bureau.Revenues at McGraw-Hill’s education division stayed flat at $330.2 million while revenues for its financial services division—which includes the Standard & Poor’s brand—declined 11.6 percent to $644.3 million. Revenue at Standard & Poor’s Credit Market Services dropped 21.6 percent during the quarter to $427.3 million while Standard & Poor’s Investment Services group increased 18 percent to $217 million. BusinessWeek parent the McGraw-Hill Companies today reported its earnings for the first quarter, with overall revenues dropping 6.1 percent over the same period in 2007, totaling $1.2 billion. Income from operations was down 36.4 percent to $147.6 million. Net income for the quarter was down 43.6 percent to $81.1 million.Revenues for McGraw-Hill’s Information & Media division were $243.4 million, up 3.2 percent this quarter over the same period last year. In that division, the business-to-business group—which includes BusinessWeek and Aviation Week magazines, as well as J.D. Power and Associates and Platts news service—revenues increased 3.5 percent to $219.7 million.According to chairman, president and CEO Harold McGraw III, strong “demand in the energy markets for Platts’ news and pricing services and growth in the Asia-Pacific region for J.D. Powers’ research services were they key drivers in the Business-to-Business group’s first quarter performance.” last_img read more


Navy Looks to Expand Fleet End Strength over Next Five Years

first_img Dan Cohen AUTHOR With plans to add more than 25,000 sailors and 46 ships over the next five years, the Navy plans to increase financial incentives to bolster retention and recruitment, and adjust advancement policies to stem attrition. The service’s end strength, which now stands at 319,400, is slated to reach 344,800 sailors by the end of fiscal 2023, under the administration’s new budget request. Navy staffing hasn’t been that large since 2006, when it finished the year with about 350,000 personnel, reports Navy Times. The service’s target end strength could surpass 350,000 if Congress finds a way to fund the Navy’s long-term goal of a 350-plus-ship fleet, Vice Adm. Robert Burke, chief of naval personnel, told lawmakers last week. … Meanwhile, lawmakers criticized the administration’s 30-year shipbuilding plan, which calls for expanding the fleet from its current level of 280 ships to 355 by sometime in the 2050s, reported Military.com. The Navy’s plan “falls well short” of what the service needs, Rep. Rob Wittman (R-Va.), chairman of the House Armed Services’ Seapower and Projection Forces Subcommittee, said last week. The Navy’s goal of reaching a 355-ship fleet within 30 years should be considered a floor, Wittman said.Navy photo by 2nd Class Sabrina Finelast_img read more


Christian Music Executive Bill Hearn Dies At 58

first_img Christian Music Executive Bill Hearn Dies At 58 Twitter Email News Remembering Bill Hearn, Christian Music Maestro christian-music-executive-bill-hearn-dies-58 Facebook Capitol Christian Music Group leader helped develop the modern Christian and gospel genresPhilip MerrillGRAMMYs Dec 12, 2017 – 1:16 pm On Dec. 10 Bill Hearn, chairman/CEO of Capitol Christian Music Group, died in Nashville, Tenn., from cancer. He was 58 years old.The son of Billy Rae Hearn, Bill Hearn got his start in the industry with Sparrow Records. During his career, he worked with Christian artists such as Kirk Franklin, Tasha Cobbs, Tye Tribbett, Amy Grant, Mandisa, Matt Redman, and TobyMac before assuming the same role his father held at Capitol Christian Music Group.Hearn’s producing efforts earned Hearn two GRAMMYs during his career, first for 1995 for his contributions to Amazing Grace — A Country Salute To Gospel for Best Southern Gospel, Country Gospel Or Bluegrass Gospel and again for 2009 for his work on the collection Oh Happy Day, which earned Best Traditional Gospel Album.In 2015 he was honored with the T.J. Martell Foundation’s Frances Preston Lifetime Music Industry Achievement Award.A great friend to the Recording Academy, Hearn served the organization as a past Trustee.”Following in the footsteps of his late father Billy Ray, Hearn played an essential role in the formation of the renowned Christian music company — Capitol Christian Music Group,” said Recording Academy President/CEO Neil Portnow. “Hearn will not only be remembered for his impressive list of achievements, but for his philanthropic efforts, kind spirit and commitment to his craft.”Hillary Scott on GRAMMYs, God, Family, ‘Love Remains’Read morelast_img read more


Wilmington Library Partners With Career Place To Offer Job Help Every Monday Morning

first_imgWILMINGTON, MA — The Wilmington Memorial Library is collaborating with The Career Place in Woburn to bring weekly job help meetings to the library.The library’s Wilmington Networkers group has meet for four years on a biweekly basis but now will meet every Monday at 10 a.m. with staff from The Career Place leading many of the sessions.Anyone who is looking for work or is contemplating a job change is welcome to attend. All meetings focus on an aspect of the job search process and usually feature a speaker or trainer.Upcoming meetings include “Ask a Career Counselor” (arrive prepared with questions) on Monday, September 17 and “How to Develop a Professional Network” on Monday, September 24.For a listing of all fall events, visit the library’s website at http://wilmlibrary.org. For questions, email Assistant Library Director Charlotte Wood at cwood@wilmlibrary.org.The Career Place in Woburn is one of the many state career centers that helps individuals assess their skill levels and interests, find and apply for jobs, or enter education and training programs. They offer employment workshops, computer skills workshops, on-site employment interviews, and job fairs.In late September, The Career Place will change its name to The MassHire Metro North Career Center as part of a rebranding effort to bring unity to the Massachusetts Workforce Development System.(NOTE: The above press release is from the Wilmington Memorial Library.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedLIBRARY LINEUP: Wildwood Cemetery Stroll Set For September 21In “Community”LIBRARY LINEUP: FREE Bach, Beethoven, & Brahams Concert On Sept. 12In “Community”Wilmington Book Club Listings — July 2019In “Community”last_img read more


Russia has damaging info on Trump

first_imgClassified documents that the heads of four US intelligence agencies presented last week to president-elect Donald Trump included claims that Russian intelligence operatives have compromising information about him, two US officials said Tuesday evening.They told Reuters the claims, which one called “unsubstantiated,” were contained in a two-page memo appended to a report on Russian interference in the 2016 election that US intelligence officials presented to Trump and president Barack Obama last week.Trump responded on Tuesday evening in a tweet calling the reports: “FAKE NEWS – A TOTAL POLITICAL WITCH HUNT!” The Trump transition team did not immediately respond to a request for comment. One of the officials, both of whom requested anonymity to discuss classified matters, said the Federal Bureau of Investigation and other US agencies are continuing to investigate the credibility and accuracy of the claims.They are included in opposition research reports made available last year to Democrats and US officials by a former British intelligence official, most of whose past work US officials consider credible.The official said investigators so far have been unable to confirm the material about Trump financial and personal entanglements with Russian businessmen and others whom US intelligence analysts have concluded are Russian intelligence officers or working on behalf of Russian intelligence. Some material in the reports produced by the former British intelligence officer has proved to be erroneous, the official said.The FBI declined comment.SURFACED LAST YEARThe charges that Russia attempted to compromise New York real estate businessman Trump were presented to the FBI and other US government officials last summer and have been circulating for months.The FBI initially took the material seriously, said the sources, who spoke on condition of anonymity because of the sensitivity of the issue, which was first reported by CNN.However, the FBI failed to act on the material, and the former British intelligence officer broke off contact about three weeks before the November election, they said.The warning of information about Russia’s compromising claims follows growing US intelligence and law enforcement concerns about what Director of National Intelligence James Clapper has called “multifaceted” Russian influence and espionage operations in Europe and the United States.In addition to hacking computer networks and spreading propaganda and fake news, it includes efforts to cultivate business and political leaders and find compromising personal, financial and other information on persons of interest, US intelligence officials said.The classified briefings last week were presented to Obama and Trump by Clapper, FBI director James Comey, Central Intelligence Agency director John Brennan and National Security Agency director Mike Rogers.US intelligence chiefs included a classified summary of the material to make Trump aware that it is circulating among intelligence agencies, senior members of Congress, government officials and others, one of the officials said.An unclassified intelligence report released on Friday concluded that Russian president Vladimir Putin ordered an effort to help Trump’s electoral chances by discrediting Democrat Hillary Clinton in the 2016 presidential campaign.The report said US intelligence agencies have concluded that as part of the effort Russia’s military intelligence agency, the GRU, used intermediaries such as WikiLeaks and others to release emails it hacked from the Democratic National Committee and top Democrats.last_img read more


Peace declaration not a bargaining chip N Korea

first_imgPeople carry flags in front of statues of North Korea founder Kim Il Sung (L) and late leader Kim Jong Il during a military parade marking the 70th anniversary of North Korea`s foundation in Pyongyang, North Korea on 9 September. Photo: ReutersNorth Korea warned Washington through its state media Tuesday that a declaration ending the Korean War shouldn’t be seen as a bargaining chip in denuclearization talks — but suggested lifting sanctions might be.The North’s official news agency issued a commentary claiming Pyongyang has taken significant measures to end hostile relations between the two countries but said the US is “trying to subdue” it through sanctions, a not-so-subtle call for Washington to lift sanctions if it wants further progress in their stalled nuclear negotiations.The commentary said a declaration replacing a 65-year-old armistice to formally end the war “is not just a gift from a man to another,” and added, “it can never be a bargaining chip for getting the DPRK denuclearized.”The DPRK is short for the North’s official name — the Democratic People’s Republic of Korea.The commentary was directed at supporters of the US policy to maintain maximum pressure and sanctions on North Korea until it has made clear and significant moves to denuclearize.US secretary of state Mike Pompeo — a vocal advocate of that policy — is expected to travel to Pyongyang soon to try to revive the negotiation process and set the stage for a second summit between president Donald Trump and leader Kim Jong Un.The commentary echoes a speech by North Korea’s foreign minister, Ri Yong Ho, at the United Nations last week in which he claimed North Korea is ready to implement the agreements Trump and Kim made during their first summit, in Singapore in June, but also accused Washington of failing to demonstrate its willingness to ease tensions and build mutual trust.”Without any trust in the US, there will be no confidence in our national security,” he said, “and under such circumstances there is no way we will unilaterally disarm ourselves first.”The North’s emphasis on lifting sanctions and building trust above all else puts a spotlight on the rift between its position and Washington’s since the Singapore summit, when Trump and Kim issued a vague statement about a nuclear-free peninsula without describing when and how it would occur.Negotiations between Washington and Pyongyang have since been rocky, with neither side able to agree on a starting point and widespread skepticism in the United States over whether Pyongyang is serious about renouncing an arsenal it sees as the only way to guarantee its safety.Hopes for progress in the talks got a boost last month, when South Korean President Moon Jae-in met with Kim in Pyongyang for their third summit.The summit resulted in a joint statement in which the North expressed willingness for a “permanent” dismantling of its main nuclear facility in Nyongbyon — if the United States takes corresponding measures — and the dismantling of a missile engine test site and launch pad in northwestern North Korea.What the North would see as corresponding measures wasn’t specified. But Tuesday’s commentary and the UN statement suggest sanctions are a primary concern.The 1950-53 Korean War ended in what was intended to be a temporary ceasefire. Moon and Kim are pushing for the end-of-war declaration by December. The declaration would be less difficult to make than a formal peace treaty, and Moon says he and Kim have agreed such a “political declaration” wouldn’t require the pullout of 28,500 US troops stationed in South Korea.last_img

Doctors Hitting the Road to Inspire More Minority Med Profession Students

first_img(Updated 9/9/2014) A group of doctors has embarked on a road trip to reach out to the next generation of aspiring medical students in underserved communities.As a co-founder of the Tour for Diversity in Medicine, Dr. Alden Landry and his colleagues have put their outreach and mentoring efforts into overdrive.“If we’re going to address health disparities, we have to think outside the box,” Landry said.A mentoring campaign on wheels, the tour’s bus has reached more than 2,000 students since it began rolling in 2012.“Many students don’t know where to get guidance,” said Landry. “Our solution is to go to them.”He is convinced that the Tour can get more minorities into the health professions, resulting in greater access to care for underserved communities.“Down the road,” he said. “this can significantly help to eliminate health disparities.”The tour is the brainchild of Landry and Kameron Leigh Matthews, who as members of the Student National Medical Association board worked to increase the number of culturally diverse physicians.When they realized that the association wasn’t reaching many historically Black colleges and universities or community colleges, which enroll large numbers of racial and ethnic minorities, they considered going directly to the students. One of them blurted out, “We should just get on a bus!”It was a radical notion. While a few medical career fairs tried to break down the barriers confronting underserved students, none of them got on a bus to do it.After the duo finished their residencies in 2011, Landry called Matthews. “Kam, it’s now or never,” he said.The Aetna Foundation and the U.S. Army pledged financial backing. Colleagues and medical students with diverse backgrounds, who knew firsthand the value of mentors, signed on.“We always have people coming up saying, ‘How can I get on the bus?’” Landry says.Landry’s first mentor was his own grandmother, a registered nurse who pushed him to become a physician. Later, through the Robert Wood Johnson Foundation-funded Minority Medical Education Program, he met a Black ER doctor who mentored him through medical school and residency. His said his own efforts now are a way to repay their dedication.Whether educating youth about health care through his  Hip Hop Health nonprofit or wheeling down the road with his tour, Landry is invested in his mentees. To hear them tell it, the investment is worth it.“To see people that look like you and have achieved your dreams is priceless,” one tour attendee said.“After today,” another added, “I believe I can do anything.”last_img read more


Lee Daniels Entertainment Announces Diverse Creative Workshop

first_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Represent is a free online network backed by Original Media Ventures that gathers storytellers with the mission of encouraging new and diverse voices in the entertainment industry.Lee Daniels Entertainment produces “Empire,” “Star” and the upcoming “Ms. Pat.”Daniels is currently in post-production with the television film “Good People,” which he wrote and directed. He has long planned to direct a remake starring Oprah Winfrey of the 1983 “Terms of Endearment,” adapted from the the Larry McMurtry novel of the same name. Popular on Variety center_img Lee Daniels Entertainment and the online entertainment network Represent by OMV have launched a diversity-focused creative workshop to promote a diverse group of new writers.The workshop will be held from Sept. 25-28 in Los Angeles, with travel provided by American Airlines. Industry professionals will mentor aspiring creatives from underrepresented communities with workshops, meetings with LDE and Represent executives and studio visits.“It has been my goal to create opportunities for diverse creatives and to tell inclusive stories. I have always been about giving all creatives a chance and the LDE Creative Workshop  is another step in driving diversity and inclusion in Hollywood,” said Daniels.Aspiring writers looking to participate in the workshop must follow the submission guidelines, including following Lee Daniels Entertainment and Represent on Instagram, Facebook and Twitter. Applicants should also submit a 15 seconds Instagram or Facebook story video describing why LDE and Represent by OMV should select the applicant for the program and tag LDE and Represent by OMW official accounts. Deadline is Aug. 31.last_img read more


Arnaud de Puyfontaine Attempts to find a resolutio

first_imgArnaud de PuyfontaineAttempts to find a resolution to the battle between Vivendi and Mediaset have so far failed, according to the French media giant’s CEO Arnaud de Puyfontaine, speaking to the Financial Times.Despite press speculation in recent weeks that a new deal was in the offing, there has been no discussion between the pair since July last year, with the exception of a single meeting between De Puyfontaine and Pier Silvio Berlusconi in December, according to the FT, citing an unnamed source.Despite no deal currently being in sight, De Puyfontaine told the FT that Vivendi remained committed to expanding its presence in the Italian market and southern Europe generally. He said Vivendi did not intend to sell of its 24.9% stake in Telecom Italia, which Vivendi says is part of its core strategy of forging close partnerships with telecom operators.De Puyfontaine has previously said that Vivendi remains open to a deal with the Italian broadcaster amid reports that the media group would be willing to restart talks if Mediaset dropped its legal action against it. Speaking after Vivendi’s end of year results were published in February, he told analysts that the company was “still willing to build a strong industrial relationship with this company” which fitted with Vivendi’s southern European strategy.More recently, he told attendees at the Mobile World Congress in Barcelona that he was hopeful that a deal with Mediaset is still possible.“We are creating a new story for Telecom Italia and [we want to] build a southern European player with Mediaset. We will find a solution and make it work. I’m pretty sure about that,” De Puyfontaine said at MWC.De Puyfontaine told the FT that Mediaset provided “misleading” information to Vivendi during the pair’s negotiations over the future of the Italian broadcaster’s pay TV unit last year.He reiterated that Vivendi had pulled out of the April agreement that would have seen Vivendi take over Mediaset Premium and Vivendi and Mediaset take 3.5% stakes in each other because it was “not happy” about a gap between “the nature of the information provided to us” and the true financial situation of the pay TV unit.Vivendi’s account has been disputed by Mediaset, which said that the April deal followed a month of due diligence.last_img read more