|Type||Public (NYSE: MHP)|
|Founded||New York City (1917)|
|Headquarters||1221 Avenue of the Americas
Midtown Manhattan, New York City
|Key people||Harold W. McGraw III,
Chairman BOD, President, CEO
Robert J. Bahash,
CFO, Executive V.P.
|Revenue||▼USD$5,952.8 million (2009)|
|Operating income||▼USD$1,255.7 million (2009)|
|Net income||▼USD$730.5 million (2009)|
|Total assets||▲ US$6,475.3 million (2009)|
|Total equity||▲ US$1,929.2 million (2009)|
|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.
McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate identity rebranding.
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.
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:
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.
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|
|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.