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The McGraw-Hill Companies, Inc.
Type Public (NYSEMHP)
Founded New York City (1917)
Headquarters 1221 Avenue of the Americas
Midtown Manhattan, New York City
Area served Global
Key people Harold W. McGraw III,
Chairman BOD, President, CEO
Robert J. Bahash,
CFO, Executive V.P.
Industry Publishing
Revenue USD$5,952.8 million (2009)[1]
Operating income USD$1,255.7 million (2009)[1]
Net income USD$730.5 million (2009)[1]
Total assets US$6,475.3 million (2009)[1]
Total equity US$1,929.2 million (2009)[1]
Employees 21,077 (2009)[1]
Subsidiaries Standard & Poor's
J.D. Power and Associates
Platts
Aviation Week
BusinessWeek
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., (NYSEMHP) 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).[2] The company has its corporate headquarters in 1221 Avenue of the Americas, Midtown Manhattan, New York City.[3]

Contents

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.[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, McGraw-Hill has launched an online note-sharing website, GradeGuru.com. This new site gives McGraw-Hill an opportunity to connect directly with its end users, the students.

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.[6]

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 provides independent investment research including ratings on various investment instruments, as well as various indices that gauge financial markets, including the widely tracked S&P 500.

Information and media

Presidents of the company

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[7] -
1928 A.W. Shaw Company[7] -
1950s Gregg Company[7] Publisher of vocational textbooks
1953 Companies of Warren C Platts, including Platts[7][8] Publisher of petroleum industry information
1961 F.W. Dodge Corporation[9] Publisher of construction industry information
1965 California Test Bureau[7] Developer of educational testing systems
1966 Standard & Poor's[9] Financial Services
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[9] Broadcasting
1996 Times Mirror Higher Education[10] Educational publishing
1997 Micropal Group Limited[10] Financial Services
1999 Appleton & Lange[11] Publisher of medical information
2000 Tribune Education, including NTC/Contemporary[12] Publisher of supplementary educational materials
2002 Open University Press University press - academic publications
2005 J.D. Power & Associates[13] 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.[14]

The McGraw-Hill Building

References

  1. ^ a b c d e f 2009 Annual Report
  2. ^ McGraw-Hill Ryerson Ltd. (MHR-T))
  3. ^ "New York." McGraw-Hill. Retrieved on March 11, 2010.
  4. ^ "About Us: Corporate History: The Foundation". http://www.mcgraw-hill.com/aboutus/history.shtml. Retrieved May 26, 2007. 
  5. ^ "About Us: Corporate History: The Information Age". http://www.mcgraw-hill.com/aboutus/history_information.shtml. Retrieved May 26, 2007. 
  6. ^ "Education - The McGraw-Hill Companies". http://www.mcgraw-hill.com/edu/default.shtml. Retrieved May 26, 2007. 
  7. ^ a b c d e "About Us: Corporate History: Development". http://www.mcgraw-hill.com/aboutus/history_development.shtml. Retrieved May 26, 2007. 
  8. ^ "Platts History". http://www.platts.com/About%20Platts/history.html. Retrieved May 26, 2007. 
  9. ^ a b c "About Us: Corporate History: Expansion". http://www.mcgraw-hill.com/aboutus/history_expansion.shtml. Retrieved May 26, 2007. 
  10. ^ 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. 
  11. ^ "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. 
  12. ^ "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. 
  13. ^ "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. 
  14. ^ "New Agreement Makes eTextbooks Available to Students". http://www.coursesmart.com/aboutus?aboutview=media#pressedmap. 
  15. ^ YouTube - TRAPPED IN AN ELEVATOR FOR 41 HOURS

External links


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