McGraw-Hill

The McGraw-Hill Companies, Inc.

Type	Public (NYSE: MHP)
Industry	Publishing
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.
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 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).^[2] The company has its corporate headquarters in 1221 Avenue of the Americas, Midtown Manhattan, New York City.^[3]

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 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 (all ABC affiliates, unless specified)
  • KMGH-TV, Denver, Colorado
  • KZCO-LP and KZFC-LP (Azteca América), Denver, Colorado
  • KZCS-LP (Azteca América), Colorado Springs, Colorado
  • KGTV, San Diego, California
  • Since 2006, McGraw-Hill Broadcasting has been engaged in a union-busting campaign at KGTV, according to internal McGraw-Hill documents provided by NABET-CWA Local 54 on its website.
  • KZSD-LP (Azteca América), San Diego, California
  • KERO-TV, Bakersfield, California
  • KZKC-LP (Azteca América), Bakersfield, California
  • WRTV, 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, Dodge, Engineering News-Record (ENR), Sweets, McGraw-Hill Construction Analytics, and McGraw-Hill Construction Regionals.

Presidents of the company

• James H. McGraw (1917 – 1928)
• Malcolm Muir (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).

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

• 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.^[15]

References

• "Platts History". Retrieved April 30, 2010

External links

• Official website
• Transcripts of The McGraw-Hill Companies' Quarterly Conference Calls
• Digital Engineering Library (Book List at 29Dec07 Book List at 25Feb08)
• McGraw-Hill Construction