McGraw-Hill
Encyclopedia
Rockefeller Center
Rockefeller Center is a complex of 19 commercial buildings covering between 48th and 51st streets in New York City, United States. Built by the Rockefeller family, it is located in the center of Midtown Manhattan, spanning the area between Fifth Avenue and Sixth Avenue. It was declared a National...
in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services. It publishes numerous textbooks and magazines, including Architectural Record
Architectural Record
Architectural Record is an American monthly magazine dedicated to architecture and interior design, published by McGraw-Hill Construction in New York City. It is over 110 years old...
and Aviation Week, and is the parent company of Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
, Platts
Platts
Platts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. Platts was founded in Cleveland, Ohio in 1909 by Warren C...
, and J.D. Power and Associates
J.D. Power and Associates
J.D. Power and Associates is a global marketing information services firm founded in 1968 by James David Power III. The firm conducts surveys of customer satisfaction, product quality, and buyer behavior for industries ranging from cars to marketing and advertising firms. The firm is best known for...
. It is the majority owner of the Canadian publisher McGraw-Hill Ryerson (TSX
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
). The company has its corporate headquarters in 1221 Avenue of the Americas
1221 Avenue of the Americas
1221 Avenue of the Americas, also known as the McGraw-Hill Building is a skyscraper built in 1969, located at 1221 Sixth Avenue, Midtown Manhattan, New York City, United States, between Sixth Avenue and Seventh Avenue...
, Midtown Manhattan
Midtown Manhattan
Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial zones such as Rockefeller Center, Broadway, and Times Square...
, New York City.
Corporate history
The McGraw-Hill Companies traces its history back to 1888 when James H. McGrawJames H. McGraw
James Herbert McGraw , born in Harmony, New York, USA, was co-founder of what is now The McGraw-Hill Companies. He was the president of McGraw-Hill from 1917 to 1928...
, 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
John A. Hill
John Alexander Hill was a co-founder of The McGraw-Hill Companies. He was born in Sandgate, Vermont on Feb. 22, 1858....
, 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
GradeGuru
GradeGuru.com, by McGraw-Hill Higher Education is a free study network where college students can share and find class-specific study notes, learn collaboratively and build their academic reputations to earn rewards, internships and career opportunities....
. 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.
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.Imprint
Imprint
In the publishing industry, an imprint can mean several different things:* As a piece of bibliographic information about a book, it refers to the name and address of the book's publisher and its date of publication as given at the foot or on the verso of its title page.* It can mean a trade name...
s 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
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
(as McGraw-Hill Interamericana), Canada (as McGraw Hill Ryerson) and India (as Tata
Tata Group
Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Tata Group is one of the largest companies in India by market capitalization and revenue. It has interests in communications and information technology, engineering, materials, services, energy,...
/McGraw-Hill).
Financial services
This division, Standard & Poor'sStandard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
, 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
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
.
Information and media
- PlattsPlattsPlatts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. Platts was founded in Cleveland, Ohio in 1909 by Warren C...
- Aviation Week GroupAviation Week & Space TechnologyAviation Week & Space Technology, often abbreviated Aviation Week or AW&ST, is a weekly magazine owned and published by McGraw-Hill...
- McGraw-Hill Broadcasting (either are ABCAmerican Broadcasting CompanyThe American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
or Azteca AméricaAzteca AméricaAzteca América is a broadcast television network marketed toward Spanish-speaking families residing in the United States. As a rapidly-growing Spanish language network, Azteca América now reaches 89% of the Hispanic households in the U.S., operating in sixty-two markets nationwide. Wholly owned by...
affiliates; sale of the television stations to the E. W. Scripps CompanyE. W. Scripps CompanyThe E. W. Scripps Company is an American media conglomerate founded by Edward W. Scripps on November 2, 1878. The company is headquartered inside the Scripps Center in Cincinnati, Ohio. Its corporate motto is "Give light and the people will find their own way."On October 16, 2007, the company...
is awaiting FCCFederal Communications CommissionThe Federal Communications Commission is an independent agency of the United States government, created, Congressional statute , and with the majority of its commissioners appointed by the current President. The FCC works towards six goals in the areas of broadband, competition, the spectrum, the...
approval)- KMGH-TVKMGH-TVKMGH-TV, channel 7, is the ABC-affiliated television station in Denver, Colorado. The station itself is usually branded as "Denver's 7", but its newscasts are branded as "7 News". It broadcasts its digital signal on VHF channel 7 from a transmitter located in Golden, Colorado...
(ABCAmerican Broadcasting CompanyThe American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
), Denver, ColoradoDenver, ColoradoThe City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains... - KZCO-LPKZCO-LPKZCO-LP, analog channel 27, is a low-power television station in Denver, Colorado and an affiliate of Azteca America. The station is owned and operated by McGraw-Hill Broadcasting, along with sister station KMGH....
and KZFC-LP Azteca AméricaAzteca AméricaAzteca América is a broadcast television network marketed toward Spanish-speaking families residing in the United States. As a rapidly-growing Spanish language network, Azteca América now reaches 89% of the Hispanic households in the U.S., operating in sixty-two markets nationwide. Wholly owned by...
, Denver, ColoradoDenver, ColoradoThe City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains... - KZCS-LP , Colorado Springs, ColoradoColorado Springs, ColoradoColorado Springs is a Home Rule Municipality that is the county seat and most populous city of El Paso County, Colorado, United States. Colorado Springs is located in South-Central Colorado, in the southern portion of the state. It is situated on Fountain Creek and is located south of the Colorado...
- KGTVKGTVKGTV, digital channel 10, is the ABC television affiliate in San Diego, California. The station can be seen on Cox Communications, Time Warner Cable, and AT&T U-verse on cable channel 10 in standard definition. Cox Communications and Time Warner Cable carry its high definition signal on cable...
(ABCAmerican Broadcasting CompanyThe American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
), San Diego, CaliforniaSan Diego, CaliforniaSan Diego is the eighth-largest city in the United States and second-largest city in California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border. The birthplace of California, San Diego is known for its mild year-round... - KZSD-LPKZSD-LPKZSD-LP is a low-powered television station in San Diego, California, broadcasting locally on channel 41 as an affiliate of Azteca America. Initially licensed September 25, 1997 , the station is owned by McGraw-Hill along with sister station KGTV, which carries the station's digital signal over...
Azteca AméricaAzteca AméricaAzteca América is a broadcast television network marketed toward Spanish-speaking families residing in the United States. As a rapidly-growing Spanish language network, Azteca América now reaches 89% of the Hispanic households in the U.S., operating in sixty-two markets nationwide. Wholly owned by...
, San Diego, CaliforniaSan Diego, CaliforniaSan Diego is the eighth-largest city in the United States and second-largest city in California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border. The birthplace of California, San Diego is known for its mild year-round... - KERO-TVKERO-TVKERO-TV is a television station serving Bakersfield, California. It is an ABC affiliate owned by McGraw-Hill, and transmits its digital signal on VHF channel 10. Syndicated programming on KERO includes: Wheel of Fortune, Jeopardy!, and Ellen....
(ABCAmerican Broadcasting CompanyThe American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
), Bakersfield, CaliforniaBakersfield, CaliforniaBakersfield is a city near the southern end of the San Joaquin Valley in Kern County, California. It is roughly equidistant between Fresno and Los Angeles, to the north and south respectively.... - KZKC-LPKZKC-LPKZKC-LP channel 42 is a low powered affiliate of Azteca America in Bakersfield, California. It is owned by McGraw-Hill, in conjunction with its local sister station, KERO-TV...
Azteca AméricaAzteca AméricaAzteca América is a broadcast television network marketed toward Spanish-speaking families residing in the United States. As a rapidly-growing Spanish language network, Azteca América now reaches 89% of the Hispanic households in the U.S., operating in sixty-two markets nationwide. Wholly owned by...
, Bakersfield, CaliforniaBakersfield, CaliforniaBakersfield is a city near the southern end of the San Joaquin Valley in Kern County, California. It is roughly equidistant between Fresno and Los Angeles, to the north and south respectively.... - WRTVWRTVWRTV, channel 6, is the ABC television affiliate in Indianapolis, Indiana; it is owned by McGraw-Hill. Its transmitter is located on the northwest side of Indianapolis at 8001 Township Line Road. Its studios are found at 1330 N...
(ABCAmerican Broadcasting CompanyThe American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
), Indianapolis, IndianaIndianapolis, IndianaIndianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
- KMGH-TV
- J.D. Power and AssociatesJ.D. Power and AssociatesJ.D. Power and Associates is a global marketing information services firm founded in 1968 by James David Power III. The firm conducts surveys of customer satisfaction, product quality, and buyer behavior for industries ranging from cars to marketing and advertising firms. The firm is best known for...
- 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 RecordArchitectural RecordArchitectural Record is an American monthly magazine dedicated to architecture and interior design, published by McGraw-Hill Construction in New York City. It is over 110 years old...
, GreenSourceGreenSource MagazineGreenSource Magazine is a bimonthly trade magazine published by McGraw-Hill Construction in New York City which focuses on sustainable design. It is printed on 100 percent post-consumer recycled stock with soy ink and was launched in June 2006 as the sister publication of Architectural Record and...
, Dodge, Engineering News-RecordEngineering News-RecordEngineering News-Record is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide...
(ENR), Sweets and McGraw-Hill Construction Regionals.
Presidents of the company
- James H. McGrawJames H. McGrawJames Herbert McGraw , born in Harmony, New York, USA, was co-founder of what is now The McGraw-Hill Companies. He was the president of McGraw-Hill from 1917 to 1928...
(1917 – 1928) - Johnathan Heflin (1928 – 1948)
- James McGraw, Jr. (1948 – 1950)
- Curtis W. McGraw (1950 – 1953)
- Donald C. McGrawDonald C. McGrawDonald Cushing McGraw was an American President of McGraw-Hill from 1953 to 1966. During his time as president, he expanded the company beyond publishing and acquired three industry reference sources: Standard & Poor's, F. W. Dodge Corporation, and Platts...
(1953 – 1968) - Shelton Fisher (1968 – 1974)
- Harold McGraw, Jr.Harold McGraw, Jr.Harold Whittlesey McGraw, Jr. was chief executive officer of Mcgraw-Hill from 1975 to 1983. He was the grandson of McGraw-Hill’s co-founder James H. McGraw. His son is current CEO Harold McGraw III. Harold McGraw, Jr. was a captain in the Army Air Corps during World War II. He joined McGraw-Hill...
(1974 – 1983) - Joseph Dionne (1983 – 1998)
- Harold W. McGraw IIIHarold McGraw IIIHarold Whittlesey "Terry" McGraw III is chairman, president and chief executive officer of McGraw-Hill Companies and chairman of the Business Roundtable, an association of CEOs of American companies.-At McGraw-Hill:...
(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-LifeTime-Life
Time–Life is a creator and direct marketer of books, music, video/DVD, and multimedia products. Its products are sold throughout North America, Europe, Australia, and Asia through television, print, retail, the Internet, telemarketing, and direct sales....
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 Platts Platts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. Platts was founded in Cleveland, Ohio in 1909 by Warren C... |
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 Standard & Poor's Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian... |
Financial Services |
| 1968 | National Radio Institute National Radio Institute The National Radio Institute-McGraw Hill Continuing Education Center was a private post-secondary correspondence school based in Washington, D.C..- History :... |
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 Random House Random House, Inc. is the largest general-interest trade book publisher in the world. It has been owned since 1998 by the German private media corporation Bertelsmann and has become the umbrella brand for Bertelsmann book publishing. Random House also has a movie production arm, Random House Films,... Schools and Colleges |
Educational publishing |
| 1996 | Times Mirror Higher Education | Educational publishing |
| 1997 | Micropal Group Limited Micropal Group Limited Micropal Group Limited, also just known as "Micropal", was a global financial services company specialising in the collection and analysis of mutual fund performance data.-Business Description:... |
Financial Services |
| 1999 | Appleton & Lange | Publisher of medical information |
| 2000 | Tribune Tribune Company The Tribune Company is a large American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, with ten daily newspapers and commuter tabloids including Chicago Tribune, Los Angeles Times, Hartford Courant, Orlando Sentinel, South Florida... Education, including NTC/Contemporary |
Publisher of supplementary educational materials |
| 2002 | Open University Open University The Open University is a distance learning and research university founded by Royal Charter in the United Kingdom... 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.
Partnerships
McGraw-Hill has partnered with five other higher-education publishers to create CourseSmartCourseSmart
CourseSmart, a privately held company headquartered in San Mateo, California, is a provider of eTextbooks and digital course materials. CourseSmart was founded in 2007 by publishers in higher education including Pearson, Cengage Learning, McGraw-Hill Education, Bedford, Freeman & Worth Publishing...
, a company developed to sell college textbooks in eTextbook format on a common platform.
The McGraw-Hill Building
- The McGraw-Hill Building1221 Avenue of the Americas1221 Avenue of the Americas, also known as the McGraw-Hill Building is a skyscraper built in 1969, located at 1221 Sixth Avenue, Midtown Manhattan, New York City, United States, between Sixth Avenue and Seventh Avenue...
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 BushGeorge W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
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
Barbara Bush
Barbara Pierce Bush is the wife of the 41st President of the United States George H. W. Bush, and served as First Lady of the United States from 1989 to 1993. She is the mother of the 43rd President George W. Bush and of the 43rd Governor of Florida Jeb Bush...
is a member of their advisory board.
McGraw-Hill Federal Credit Union
http://www.mcgrawhillfcu.org McGraw-Hill Federal Credit UnionMcGraw-Hill Federal Credit Union
McGraw-Hill Federal Credit Union is headquartered in East Windsor, NJ. It has branch offices and ATM locations in New York, New Jersey, Iowa, and Ohio...
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 MuseumNational Building Museum
The National Builders Museum, in Washington, D.C., United States, is a museum of "architecture, design, engineering, construction, and urban planning"...
presented the McGraw-Hill Companies with its annual Honor Award
Honor Award
The National Building Museum promotes excellence in architecture, engineering, construction, planning, and design. In furtherance of that mission, the Museum instituted an annual Honor Award in 1986 to recognize individuals and organizations that have made important contributions to the U.S.'s...
for the corporation's contributions to the built environment.