In its Q2 press release, McGraw-Hill (MHP -1.1%) says sales took a hit from state spending cuts....

|By:, SA News Editor

In its Q2 press release, McGraw-Hill (MHP -1.1%) says sales took a hit from state spending cuts. In CA, K-8 sales were "especially hard hit by the cut back in ordering... in response to the state's budget deficit and poor economic outlook." SC failed to implement a new high school math program; while IN decided to spread its math adoption over two years. (earnings report)