The McGraw-Hill Companies, Inc. Type Public Traded as NYSE: MHP Industry Publishing Founded 1917 Headquarters 1221 Avenue of the Americas
New York City, U.S.
Area served Worldwide Key people Harold W. McGraw III
(Chairman, President and CEO)
Revenue US$ 6.168 billion (2010) Operating income US$ 1.421 billion (2010) Net income US$ 828.1 million (2010) Total assets US$ 7.047 billion (2010) Total equity US$ 2.291 billion (2010) Employees 20,755 (December 2010) Subsidiaries Standard & Poor's
J.D. Power and Associates
The McGraw-Hill Companies, Inc., (NYSE: MHP) is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are education, publishing, broadcasting, and financial and business services. It publishes numerous textbooks and magazines, including Architectural Record and Aviation Week, and is the parent company of Standard & Poor's, Platts, and J.D. Power and Associates. It is the majority owner of the Canadian publisher McGraw-Hill Ryerson (TSX). The company has its corporate headquarters in 1221 Avenue of the Americas, Midtown Manhattan, New York City.
The McGraw-Hill Companies traces its history back to 1888 when James H. McGraw, co-founder of the company, purchased the American Journal of Railway Appliances. He continued to add further publications, eventually establishing The McGraw Publishing Company in 1899. His co-founder, John A. Hill, had also produced several technical and trade publications and in 1902 formed his own business, The Hill Publishing Company.
In 1909 both men, having known each other for some time and sharing the same interests, agreed upon an alliance and combined the book departments of their publishing companies into The McGraw-Hill Book Company. John Hill served as President, with James McGraw as Vice-President. 1917 saw the merger of the remaining parts of each business into The McGraw-Hill Publishing Company, Inc. In 1986, McGraw-Hill bought out competitor The Economy Company, then the nation's largest publisher of educational material. The buyout made McGraw-Hill the largest educational publisher in the U.S.
McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate identity rebranding.
In a recent strategy move (2007), McGraw-Hill launched an online student study network, GradeGuru.com. This new offering gives McGraw-Hill an opportunity to connect directly with its end users, the students.
On October 3, 2011, McGraw-Hill announced it was selling its entire television station group to The E.W. Scripps Company for $212 million.
The McGraw-Hill Companies organizes its businesses around three segments, based upon the market they are involved in.
McGraw-Hill Education provides materials, both traditionally and online, for all levels of education. The company also provides references & trade publications for the medical, business and engineering professions.
Imprints within McGraw-Hill Education include:
- The Grow Network/McGraw-Hill
- McGraw-Hill Contemporary
- McGraw-Hill Digital Learning
- McGraw-Hill Professional Development
- Wright Group/McGraw-Hill
- McGraw-Hill Higher Education
- McGraw-Hill Custom Publishing
- McGraw-Hill Professional
- Open University Press
This division, Standard & Poor's, provides independent investment research including ratings on various investment instruments, as well as various indices that gauge financial markets, such as the widely tracked S&P 500.
Information and media
- Aviation Week Group
- McGraw-Hill Broadcasting (either are ABC or Azteca América affiliates; sale of the television stations to the E. W. Scripps Company is awaiting FCC approval)
- KMGH-TV (ABC), Denver, Colorado
- KZCO-LP and KZFC-LP Azteca América , Denver, Colorado
- KZCS-LP , Colorado Springs, Colorado
- KGTV (ABC), San Diego, California
- KZSD-LP Azteca América , San Diego, California
- KERO-TV (ABC), Bakersfield, California
- KZKC-LP Azteca América , Bakersfield, California
- WRTV (ABC), Indianapolis, Indiana
- J.D. Power and Associates
- McGraw-Hill Construction, a division of the McGraw-Hill companies, is a publisher of construction information in the United States and Canada. It publishes Architectural Record, GreenSource, Dodge, Engineering News-Record (ENR), Sweets and McGraw-Hill Construction Regionals.
Presidents of the company
- James H. McGraw (1917 – 1928)
- Johnathan Heflin (1928 – 1948)
- James McGraw, Jr. (1948 – 1950)
- Curtis W. McGraw (1950 – 1953)
- Donald C. McGraw (1953 – 1968)
- Shelton Fisher (1968 – 1974)
- Harold McGraw, Jr. (1974 – 1983)
- Joseph Dionne (1983 – 1998)
- Harold W. McGraw III (1998 – present)
During the course of its history The McGraw-Hill Companies has expanded significantly through acquisitions, not just within the publishing industry but also into other areas such as financial services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-Life Broadcasting).
Date of Acquisition Asset Acquired Industry 1920 Newton Falls Paper Company - 1928 A.W. Shaw Company - 1950s Gregg Company Publisher of vocational textbooks 1953 Companies of Warren C Platts, including Platts Publisher of petroleum industry information 1961 F.W. Dodge Corporation Publisher of construction industry information 1965 California Test Bureau Developer of educational testing systems 1966 Standard & Poor's Financial Services 1968 National Radio Institute Correspondence School 1970 The Ryerson Press Educational and trade publishing 1972 Television Stations of Time Life Broadcasting Broadcasting 1986 The Economy Company Educational publishing 1996 Random House Schools and Colleges Educational publishing 1996 Times Mirror Higher Education Educational publishing 1997 Micropal Group Limited Financial Services 1999 Appleton & Lange Publisher of medical information 2000 Tribune Education, including NTC/Contemporary Publisher of supplementary educational materials 2002 Open University Press University press - academic publications 2005 J.D. Power & Associates Marketing information provider
Note that this list only includes acquisitions made by McGraw-Hill, not its subsidiaries. McGraw-Hill typically does not release financial information regarding its acquisitions or divestitures.
The McGraw-Hill Building
- The McGraw-Hill Building in New York City has received prominent attention. In April 2008, surveillance camera footage was released of Nicholas White, a production manager for BusinessWeek (then published by McGraw-Hill) who was trapped in the building's elevator for 41 hours in October 1999.
Connection to the family of George W. Bush
The families of the McGraws and President Bush have a long relationship. No Child Left Behind was highly profitable to McGraw-Hill and the implication is that federal education policy was influenced by the familiar relationship. According to McGraw-Hill, Barbara Bush is a member of their advisory board.
McGraw-Hill Federal Credit Union
 McGraw-Hill Federal Credit Union was established in 1935, originally to serve employees of the McGraw-Hill Companies in New York City only. The credit union moved from its location inside the McGraw-Hill building to its current location in East Windsor, New Jersey in 2005. Its accounts are insured by the National Credit Union Administration.
It provides savings, checking accounts, CDs, money market accounts, IRAs, credit cards, auto loans, and home mortgages.
- ^ a b c d e f "2010 Form 10-K, The McGraw-Hill Companies, Inc.". United States Securities and Exchange Commission. http://www.sec.gov/Archives/edgar/data/64040/000095012311017079/y88684exv13.htm.
- ^ "New York." McGraw-Hill. Retrieved on March 11, 2010.
- ^ "About Us: Corporate History: The Foundation". http://www.mcgraw-hill.com/aboutus/history.shtml. Retrieved May 26, 2007.
- ^ a b Tipton, David (1986-07-03). "McGraw Hill Buying The Economy Company". The Journal Record.
- ^ "About Us: Corporate History: The Information Age". http://www.mcgraw-hill.com/aboutus/history_information.shtml. Retrieved May 26, 2007.
- ^ McGraw-Hill Sells TV Group To Scripps, TVNewsCheck, October 3, 2011.
- ^ "Education - The McGraw-Hill Companies". http://www.mcgraw-hill.com/edu/default.shtml. Retrieved May 26, 2007.
- ^ a b c d e "About Us: Corporate History: Development". http://www.mcgraw-hill.com/aboutus/history_development.shtml. Retrieved May 26, 2007.
- ^ "Platts History". http://www.platts.com/About%20Platts/history.html. Retrieved May 26, 2007. [dead link]
- ^ a b c "About Us: Corporate History: Expansion". http://www.mcgraw-hill.com/aboutus/history_expansion.shtml. Retrieved May 26, 2007.
- ^ Edwin McDowell (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times. http://www.nytimes.com/1988/09/29/business/the-media-business-mcgraw-hill-is-buying-2-random-house-units.html.
- ^ a b Iver Peterson (July 4, 1996). "Times Mirror in Two Deals To Bolster Legal Publisher". The New York Times. http://www.nytimes.com/1996/07/04/business/the-media-business-times-mirror-in-two-deals-to-bolster-legal-publisher.html. Retrieved September 1, 2009.
- ^ "The McGraw-Hill Companies Completes Acquisition of Appleton & Lange". http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=38035&highlight=. Retrieved May 26, 2007.
- ^ "The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position". http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=100955&highlight=. Retrieved May 26, 2007.
- ^ "The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates". http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=691040&highlight=. Retrieved May 26, 2007.
- ^ "New Agreement Makes eTextbooks Available to Students". http://www.coursesmart.com/aboutus?aboutview=media#pressedmap.
- ^ YouTube - Trapped in the elevator for 41 hours
- ^ http://www.schoolsmatter.info/2006/08/mcgraw-hill-bush-graft-and-twig.html
- ^ http://mcgraw-hillresearchfoundation.org/1997/09/08/barbara-bush/
- ^ http://www.nbm.org/support-us/awards_honors/honor-award/
- "Platts History". Retrieved April 30, 2010
Azteca América AffiliatesNote: Sale of these stations to The E.W. Scripps Company is awaiting FCC approval.McGraw-Hill ConstructionOther Units
- Official website
- Transcripts of The McGraw-Hill Companies' Quarterly Conference Calls
- Digital Engineering Library (Book List at 29Dec07 Book List at 25Feb08)
- Platts Energy, Metals & Petrochemicals Data
- McGraw-Hill Construction
McGraw-Hill EducationSchool EducationContemporary · Glencoe · Macmillan/McGraw-Hill · SRA · Wright GroupHigher EducationIrwinProfessionalOther UnitsCTB · The Grow Network McGraw-Hill FinancialStandard & Poor's (Capital IQ)
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