McGraw-Hill Axed from iPad Launch After CEO Harold McGraw III Leaks on CNBC
What is missing from the slide to the left? Answer – McGraw-Hill. In yesterdays Steve Jobs’ keynote McGraw-Hill was completely left out of the iPad launch.
The day before the show, Apple removed McGraw-Hill, the 122-year-old publisher whose 61-year-old leader, Harold McGraw III — better known as Terry — prattled like a teenage schoolgirl about the tablet’s iPhone operating system on CNBC
Yes, they’ll make their announcement tomorrow on this one. We have worked with Apple for quite a while. And the Tablet is going to be based on the iPhone operating system and so it will be transferable. So what you are going to be able to do now is we have a consortium of e-books. And we have 95% of all our materials that are in e-book format on that one. So now with the tablet you’re going to open up the higher education market, the professional market. The tablet is going to be just really terrific.
McGraw-Hill is bigger than most of the publishers on this slide. But insiders say as soon as Terry shot his mouth off on CNBC, Jobs had the company cut from the presentation. We won’t know for a few weeks if McGraw was only wrist-slapped, or if he’s been thrown out of the game.
The lesson here is to not shoot your mouth off until Steve has left the stage!
[top image via Gizmodo]







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