McGraw-Hill Boss Confirms Apple Tablet On CNBC

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The CEO of publishing behemoth McGraw-Hill, Harold McGraw, has confirmed yesterday that Apple will be launching a new device, a tablet, that will come with an iPhone Operating system.

The surprising quotes came during an interview that Mr McGraw had with CNBC to discuss about the firm's last quarter earnings. He also added that 95 percent of the publisher's content is ebook ready.

He candidly said that "We have 95 per cent of all our materials that are in ebook format on that one - so with the tabloid you're going to open up the higher education market, the professional market. The tabloid, the tablet is going to be just really terrific."

McGraw-Hill is an interesting case since it is mostly known for its education textbooks and education is a massive sector for Apple. No wonder that Mr McGraw says that he's really excited about the announcement today.

Earlier this month, the Wall Street Journal said that Apple had held talks with HarperCollins with a view of selling electronic books for the soon to be launched tablet.

The publication, which is itself believed to be in talks with Apple over content distribution, has also reported that the iPhone creator was lobbying TV networks and other publications to get their content on the iPad.