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Here are some highlights from last week's earnings coverage from BloggingStocks:

BusinessWeekers may feel uneasy with the staff of Bloomberg stalking the halls, but this report from Peter Kafka should have them dancing with joy.

Sure, some employees at BusinessWeek will be let go under Bloomberg's watch, but if private equity shop ZelnickMedia had taken over, they would almost all be gone.

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See Also:

• The Bloomberg "Aliens" Land At BusinessWeek
• BusinessWeek Sale Gives McGraw Hill $5.9 Million After Taxes (MHP)
• Bloomberg Buying BusinessWeek

With a bunch of Time Inc.-turned-Bloomberg execs stalking the halls, a source tells us people are starting to freak out at BusinessWeek.

Our source says its "it's like the aliens have landed, and they're checking out the new planet."

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See Also:

• Pssst…It's Time Inc., Not Bloomberg Actually Taking Over BusinessWeek
• BusinessWeek Sale Gives McGraw Hill $5.9 Million After Taxes (MHP)
• BusinessWeek's Top Editors Flee After Bloomberg Buyout

While the company signing the $5 million check for BusinessWeek is Bloomberg, there's whispers amongst the staff that it's actually Time Inc. that's acquiring the business mag.

Look at the people in charge.

• Norman Pearlstine, the new chairman of BusinessWeek is the former editor-in-chief at Time Inc.
• Jim Kelly, who used to be managing editor at Time, has been sitting in on BusinessWeek's editorial meetings, and is now mentioned as a possible editor-in-chief for BusinessWeek.
• Bloomberg also has Eric Pooley, a former managing editor at Fortune, on its staff.

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Filed under: Earnings reports, McGraw-Hill Companies (MHP), Media World

The McGraw-Hill Companies (NYSE: MHP), a distributor of business information and educational materials which counts Scholastic (NASDAQ: SCHL) as a related stock, issued third-quarter results earlier today. Sales contracted over 8%. Net income on a dollar basis dropped almost 14%. Earnings per diluted share decreased a very unlucky 13% to $1.07. At least expectations were taken out. Earnings.com indicates a beat of two pennies for per-share profit.