Business Week parent McGraw Hill laying off 611 Just weeks after Business Week slashed a number of high-level staffers in a round of budget cuts, parent company McGraw-Hill is slashing yet more jobs in a move announced yesterday. The educational publisher, which also owns Standard & Poor credit rating agency, said it will eliminate 611 jobs, representing roughly 3 percent of its employees. Of those, 114 cuts will come in its information and media unit, which includes Business Week as well as Aviation Week and J.D. Power & Associates. A greater number of cuts will come at S&P, which has been hurt by the mortgage crisis. That’s led to speculation about further and perhaps deeper cuts at the publisher, where a dozen business and editorial employees were laid off just before the holidays.   Mitchell's steroid report shows muscle on NY radio Sen. George Mitchell’s press conference revealing his Major League Baseball steroid report was a home run for New York sports stations WFAN-AM and WEPN-AM in New York, new numbers show. On Dec. 13 from 2-3 p.m., the hour in which the press conference aired, WFAN’s peak hourly average quarter hour (AQH) audience hit 90,200 men 25-54, a 226 percent boost versus the 27,600 males 25-54 the station averaged in that hour during the previous 12 Thursdays, according to the Arbitron Portable People Meter system. WEPN also saw a huge jump, as it averaged 43,100 males 25-54 during that hour, a 205 percent increase from the 14,100 it averaged in the 12 Thursdays prior. Mitchell’s report named 86 current or former Major League players accused of using steroids or other performance-enhancing drugs, most notably seven-time Cy Young Award winner Roger Clemens.   Globes fallout: NBC offering advertisers money back One big question that’s arisen out of the strike-maimed Golden Globes’ cancellation is what will happen to the Oscars. But for some advertisers, the more immediate concern is getting a refund for spots on the scuttled Globes broadcast. According to multiple reports, NBC is offering Kraft, Target, L’Oreal and others their money back, representing $10 million to $15 million, or roughly half of what the network expected to earn from the awards show this year. NBC released a statement saying, “We're working with each client on a case-by-case basis to come up with the best possible solution for everyone involved.” But there’s little doubt that the four one-hour specials NBC has planned to replace the Globes, including a press conference announcing winners, will draw lower ratings than a glammed-up awards broadcast. Meanwhile, though ABC continues to be optimistic, at least publicly, that the Oscars will air as scheduled, whispers have arisen that the telecast could be postponed in hopes that the strike reaches a conclusion.   Hot and bothered: OK! sues Heat over Spears tidbits British celebrity magazine Heat must not have noticed the big “Exclusive” plastered across the Dec. 18 issue of OK! featuring an interview with pregnant 16-year-old Jamie Lynn Spears. OK! owner Northern & Shell is suing Heat for copyright infringement, saying the magazine quoted extensively from the OK! Spears interview without giving the competing magazine credit. This isn’t the first time OK! has taken legal measures to protect an exclusive. It battled rival Hello! magazine for seven years over photos taken at the 2000 wedding between Michael Douglas and Catherine Zeta-Jones. Meanwhile, stateside, the Jamie Lynn Spears edition of OK! sold over a million newsstand copies, marking the first time in the magazine’s history it passed the 1 million mark. Total delivery of the issue was roughly 1.7 million copies.   PDF, RIP: Telegraph nixes weekday afternoon edition Could a new newspaper innovation be over almost before it started? Britain’s Daily Telegraph newspaper reportedly has decided to axe the 10-page pdf version of the paper that it publishes each weekday afternoon. The Daily Telegraph, which is a morning paper, brought out the pdf edition so that readers could print off the top news of the day to read on the commute home. It was made available for download at 4 p.m. each day and updated once later in the afternoon. The pdf, which was launched more than a year ago, is believed not to have gained enough supporters to ensure its survival, according to the Guardian newspaper, which reports that the Telegraph will continue to create a printable pdf edition on certain big news days. The Daily Telegraph is not the only British paper to have an afternoon pdf. The Guardian also produces one.