McGraw-Hill

Not to be confused with husband and wife Tim McGraw and Faith Hill.

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)[1]
Operating income	US$ 1.421 billion (2010)[1]
Net income	US$ 828.1 million (2010)[1]
Total assets	US$ 7.047 billion (2010)[1]
Total equity	US$ 2.291 billion (2010)[1]
Employees	20,755 (December 2010)[1]
Subsidiaries	Standard & Poor's J.D. Power and Associates Platts Aviation Week McGraw-Hill Construction McGraw-Hill Education
Website	McGraw-Hill.com

1221 Avenue of the Americas, the headquarters of McGraw-Hill

McGraw-Hill's 1990s logo

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.^[2]

Corporate history

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.^[3] 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.^[4]

McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate identity rebranding.^[5]

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.^[6]

Corporate organization

The McGraw-Hill Companies organizes its businesses around three segments, based upon the market they are involved in.

Education

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.^[7]

Imprints within McGraw-Hill Education include:

• CTB/McGraw-Hill
• Glencoe/McGraw-Hill
• The Grow Network/McGraw-Hill
• Macmillan/McGraw-Hill
• McGraw-Hill/Irwin
• McGraw-Hill Contemporary
• McGraw-Hill Digital Learning
• McGraw-Hill Professional Development
• SRA/McGraw-Hill
• Wright Group/McGraw-Hill
• McGraw-Hill Higher Education
• McGraw-Hill Custom Publishing
• McGraw-Hill Professional
• Open University Press

McGraw-Hill Education is also established in Asia, Australia, Europe, Latin America (as McGraw-Hill Interamericana), Canada (as McGraw Hill Ryerson) and India (as Tata/McGraw-Hill).

Financial services

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

• Platts
• 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)

Acquisitions

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[8]	-
1928	A.W. Shaw Company[8]	-
1950s	Gregg Company[8]	Publisher of vocational textbooks
1953	Companies of Warren C Platts, including Platts[8][9]	Publisher of petroleum industry information
1961	F.W. Dodge Corporation[10]	Publisher of construction industry information
1965	California Test Bureau[8]	Developer of educational testing systems
1966	Standard & Poor's[10]	Financial Services
1968	National Radio Institute	Correspondence School
1970	The Ryerson Press	Educational and trade publishing
1972	Television Stations of Time Life Broadcasting[10]	Broadcasting
1986	The Economy Company[4]	Educational publishing
1996	Random House Schools and Colleges[11]	Educational publishing
1996	Times Mirror Higher Education[12]	Educational publishing
1997	Micropal Group Limited[12]	Financial Services
1999	Appleton & Lange[13]	Publisher of medical information
2000	Tribune Education, including NTC/Contemporary[14]	Publisher of supplementary educational materials
2002	Open University Press	University press - academic publications
2005	J.D. Power & Associates[15]	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.

Partnerships

McGraw-Hill has partnered with five other higher-education publishers to create CourseSmart, a company developed to sell college textbooks in eTextbook format on a common platform.^[16]

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.^[17]

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.^[18] According to McGraw-Hill, Barbara Bush is a member of their advisory board.^[19]

McGraw-Hill Federal Credit Union

[1] 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.

Awards

In 1999, the National Building Museum presented the McGraw-Hill Companies with its annual Honor Award for the corporation's contributions to the built environment.^[20]

References

1. ^ ^{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. 
2. ^ "New York." McGraw-Hill. Retrieved on March 11, 2010.
3. ^ "About Us: Corporate History: The Foundation". http://www.mcgraw-hill.com/aboutus/history.shtml. Retrieved May 26, 2007. 
4. ^ ^{a b} Tipton, David (1986-07-03). "McGraw Hill Buying The Economy Company". The Journal Record. 
5. ^ "About Us: Corporate History: The Information Age". http://www.mcgraw-hill.com/aboutus/history_information.shtml. Retrieved May 26, 2007. 
6. ^ McGraw-Hill Sells TV Group To Scripps, TVNewsCheck, October 3, 2011.
7. ^ "Education - The McGraw-Hill Companies". http://www.mcgraw-hill.com/edu/default.shtml. Retrieved May 26, 2007. 
8. ^ ^{a b c d e} "About Us: Corporate History: Development". http://www.mcgraw-hill.com/aboutus/history_development.shtml. Retrieved May 26, 2007. 
9. ^ "Platts History". http://www.platts.com/About%20Platts/history.html. Retrieved May 26, 2007. ^{[dead link]}
10. ^ ^{a b c} "About Us: Corporate History: Expansion". http://www.mcgraw-hill.com/aboutus/history_expansion.shtml. Retrieved May 26, 2007. 
11. ^ 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. 
12. ^ ^{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. 
13. ^ "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. 
14. ^ "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. 
15. ^ "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. 
16. ^ "New Agreement Makes eTextbooks Available to Students". http://www.coursesmart.com/aboutus?aboutview=media#pressedmap. 
17. ^ YouTube - Trapped in the elevator for 41 hours
18. ^ http://www.schoolsmatter.info/2006/08/mcgraw-hill-bush-graft-and-twig.html
19. ^ http://mcgraw-hillresearchfoundation.org/1997/09/08/barbara-bush/
20. ^ http://www.nbm.org/support-us/awards_honors/honor-award/

• "Platts History". Retrieved April 30, 2010

External links

	New York City portal
	Companies portal

• 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 Education

School Education	Contemporary · Glencoe · Macmillan/McGraw-Hill · SRA · Wright Group
Higher Education	Irwin
Professional	International Marine · Lange · Open University Press · Oracle Press · Osborne · Ragged Mountain · Schaum's Outlines · TAB Electronics · Teach Yourself (US)
Other Units	CTB · The Grow Network

McGraw-Hill Financial

Standard & Poor's (Capital IQ)