Terry McGraw, CEO of textbook publisher McGraw-Hill, says Apple's new digital textbook offering was Jobs' idea.
Speculation mounts regarding the tablet from Apple, expected to be announced next week. Among the rumors: publishing partnerships with McGraw-Hill and Hachette.
Microsoft says it has tapped a former executive of BusinessWeek as its new vice president and chief media revenue officer of MSN, a newly created position. Joanne Bradford will leave her post as vice president and director of North America advertising sales at the business magazine to lead Microsoft's MSN sales group and its sales initiatives, according to the software giant. Bradford will report to Richard Bray, vice president of MSN. MSN said Bradford has about 20 years of experience in the advertising industry, including positions throughout McGraw-Hill and its magazines. She was the first woman to hold a vice president position at the publisher's BusinessWeek magazine and also worked for Engineering News-Record.
Publisher McGraw-Hill Education said it has teamed with WizeUp Digital Textbooks to publish, sell and distribute digital college textbooks. For the spring 2001 semester, McGraw-Hill will launch about 20 of its digital textbooks in business and psychology. Students can view the titles via the Internet with a password or download the book directly to their computers.
Random House, Pearson and McGraw-Hill are backing start-up Ebrary.com, an online version of a library research room, searching for a promising niche in digital publishing.
Business.com, which publishes a directory of online businesses, said it raised $61 million in a third round of funding from a group of investors including The Financial Times Group, Cahners Business Information and McGraw-Hill. The Santa Monica, Calif.-based company, which sprung from technology incubator eCompanies, plans to use the money to bolster the information on its Web site and expand internationally.
netLibrary has launched, providing access to full electronic copies of more than 2,000 books. It expects to have 6,000 more by year's end. Users can search for scholarly, professional, or reference books, and then view them online or print a copy. netLibrary's 40-plus publishers include: Harvard Business School Press, Macmillan Reference, McGraw-Hill Companies, MIT Press, and University of California Press.
Web-building and e-commerce company CommerceInc has announced a partnership with both Dun & Bradstreet and McGraw-Hill to build online business communities. The partnership is designed to entice companies to increase e-commerce transactions by allowing them to tap into D&B's corporate profile data.
CMP Media is acquiring five computer and communications publications now owned by McGraw-Hill, in a deal valued at $28.6 million. The publications are Data Communications, LAN Times, tele.com, BYTE, and NSTL. CMP also said that it would collaborate with McGraw-Hill on certain projects in the future.
Industry consulting firm Gartner Group has acquired Datapro Information Services, a computer industry analysis unit of the McGraw-Hill Companies. Terms of the deal, which is expected to close this summer, were not disclosed. Gartner officials said Datapro's content is complementary its own.