McGraw-Hill Puts Stations on Block

McGraw-Hill has retained Morgan Stanley "to pursue the divestiture of its Broadcasting Group," the company said. McGraw-Hill's four stations "are in desirable markets and should be attractive to strategic and financial buyers with a focus on media," said the company. The Broadcasting Group had revenues of almost $100 million in 2010 and includes ABC affiliates KMGH Denver, KGTV San Diego, KERO Bakersfield and WRTV Indianapolis, along with Azteca America affiliates in Denver, Fort Collins, Colorado Springs, San Diego and Bakersfield.