S&P Global (SPGI) 8-K/A Operating Results by Segment

The McGraw-Hill Companies

Operating Results by Segment

Periods ended June 30, 2007 and 2006

	(dollars in thousands)
	Revenue
(unaudited)					%Favorable
	2007		2006		(Unfavorable)
Three Months
McGraw-Hill Education	$	647,324	$	611,646		5.8
Financial Services		820,993		677,313		21.2
Information & Media (a)		249,862		238,584		4.7
Total revenue	$	1,718,179	$	1,527,543		12.5

	(dollars in thousands)
	Revenue
(unaudited)					%Favorable
	2007		2006		(Unfavorable)
Six Months
McGraw-Hill Education	$	979,004	$	925,796		5.7
Financial Services		1,549,875		1,277,313		21.3
Information & Media (a)		485,718		465,113		4.4
Total revenue	$	3,014,597	$	2,668,222		13.0

The McGraw-Hill Companies

Operating Results by Segment

Periods ended June 30, 2007 and 2006

	(dollars in thousands)
	Operating Profit
(unaudited)							%Favorable
	2007			2006			(Unfavorable)
Three Months
McGraw-Hill Education	$	80,402		$	67,761			18.7
Financial Services		401,368			313,886			27.9
Information & Media		14,740			12,956			13.8
Total operating segments		496,510			394,603			25.8
General corporate expense		(41,085	)		(34,200	)		(20.1	)
Interest expense		(12,099	)		(8,555	)		(41.4	)
Total operating profit	$	443,326	*	$	351,848	*		26.0

	(dollars in thousands)
	Operating Profit
(unaudited)							%Favorable
	2007			2006			(Unfavorable)
Six Months (b)
McGraw-Hill Education	$	(10,278	)	$	(29,290	)		64.9
Financial Services (c)		749,379			565,543			32.5
Information & Media		24,627			14,649			68.1
Total operating segments		763,728			550,902			38.6
General corporate expense		(76,122	)		(74,825	)		(1.7	)
Interest expense		(13,303	)		(6,046	)		(120.0	)
Total operating profit	$	674,303	*	$	470,031	*		43.5

* Income from operations before taxes on income.

(a) 2007 revenue and operating profit includes $6.5 million and $5.8 million, respectively, for the three months ended June 30 and $13.0 million and $12.6 million, respectively, for the six months ended June 30 related to the transformation of Sweets to an internet-based sales and marketing solution.

(b) 2006 operating profit includes a one-time charge of $23.8 million pre-tax related to the elimination of the Company's restoration stock option program.

(c) 2007 operating profit includes a $17.3 million pre-tax gain on the sale of the Company's mutual fund data business on March 16, 2007.

Exhibit 2

Contacts for The McGraw-Hill Companies:

Media Relations Contacts: Steven H. Weiss Vice President, Corporate Communications (212) 512-2247 (office) (917) 699-9389 (mobile) weissh@mcgraw-hill.com	Investor Relations Contact: Donald S. Rubin Senior Vice President, Investor Relations (212) 512-4321 (office) (212) 512-3840 (fax) donald_rubin@mcgraw-hill.com
Frank Briamonte Senior Director, Corporate Communications (212) 512-4145 (office) (201) 725-6133 (mobile) frank_briamonte@mcgraw-hill.com