McGraw-Hill expects to benefit from new federal legislation, funding

• Reading

  • “Reading First” initiative provides $900 million in FY 2002 for K-2 research-based reading programs with an emphasis on phonics
    • Opportunity for SRA/McGraw-Hill, Wright Group/McGraw-Hill
  • “Early Reading First” provides $75 million in FY 2002 for similar reading programs for 3-to-5 year olds
    • Opportunity for SRA/McGraw-Hill, Wright Group/McGraw-Hill, McGraw-Hill Children’s Publishing

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