BusinessWeek's publisher cuts more jobs

Folio reports McGraw-Hill Companies, which publishes BusinessWeek, has laid off another 270 employees. The company has cut approximately 670 positions year-to-date. About 140 of the jobs eliminated come from the media and information division. 

According to McGraw-Hill, the move is another effort to "contain costs and mitigate the impact of the current and expected future economic conditions." The company recently reported a 14 percent decline in third quarter income. Revenue is down 6.4 percent from last year. 

McGraw-Hill cut 611 jobs in late- 2007. 

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