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"McGraw Hill" redirects here. For the business and financial information company previously known as McGraw Hill Financial, seeS&P Global.

McGraw Hill
The branded McGraw Hill logo as of 2020
Founded1888;136 years ago(1888)
Founder
Country of originUnited States
Headquarters locationNew York City,New York,U.S.
Key peopleSimon Allen
Publication typesAdaptive learningtechnology, educational software, e-books, apps, platform services,curriculum,andbooks
RevenueIncrease$1.72 billion (2017)
Owner(s)Platinum Equity
No.of employees3,900 (2020)[1]
Official websitemheducation.com

McGraw Hillis an American publishing company for educational content, software, and services forpre-Kthroughpostgraduate education.It is one of the "big three" educational publishers along withHoughton Mifflin HarcourtandPearson Education.[2][3]McGraw Hill also publishes reference andtrade publicationsfor the medical, business, and engineering professions. Formerly a division of The McGraw Hill Companies (later renamed McGraw Hill Financial, nowS&P Global), McGraw Hill Education was divested and acquired byApollo Global Managementin March 2013 for $2.4 billion in cash.[4][5][6][7][8]McGraw Hill was sold in 2021 toPlatinum Equityfor $4.5 billion.[9]

Corporate history

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McGraw-Hill logo used from 1971 to the late 1990s

McGraw Hill was founded in 1888, whenJames H. McGraw,co-founder of McGraw Hill, purchased theAmerican 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.[10]

In 1909, the two co-founders formed an alliance and combined the book departments of their publishing companies into an incorporated company called The McGraw-Hill Book Company.[10]John Hill served as president, with James McGraw as vice-president. The remaining parts of each business were merged into The McGraw-Hill Publishing Company, Inc in 1917.[11]

In 1946, McGraw-Hill founded an international division of the company.[10]It acquired Contemporary Films in 1972 and CRM in 1975. McGraw-Hill combined its films in the CRM division in 1978. McGraw-Hill sold CRM in 1987.[12]

In 1979, McGraw-Hill Publishing Company purchasedBytefrom its owner/publisherVirginia Williamson,who then became a vice-president of McGraw-Hill. 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.[13]

In 1988, Harold McGraw became chairman emeritus of McGraw Hill.[10]

In 1989, McGraw-Hill formed a joint partnership withRobert Maxwell,forming second largest textbook publisher in the United States.[14]McGraw-Hill took full ownership of the venture in 1993.

In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.[15]In 2007, The McGraw-Hill Companies launched an online student study network,GradeGuru.com. This offering gave McGraw-Hill an opportunity to connect directly with its end users, the students. It allowed students to share notes and materials for cash or gift cards in return.[16]The site closed on April 29, 2012.[citation needed]

On October 3, 2011, Scripps announced it was purchasing all seven television stations owned byThe McGraw-Hill Companies' broadcasting divisionMcGraw-Hill Broadcastingfor $212 million; the sale is a result of McGraw-Hill's decision to exit the broadcasting industry to focus on its other core properties, including its publishing unit.[17]This deal was approved by theFTCon October 31[18]and theFCCon November 29.[19]The deal was completed on December 30, 2011.[20]

On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division toApollo Global Managementfor $2.5 billion.[21]On March 22, 2013, McGraw Hill Education announced it had completed the sale and the proceeds were for $2.4 billion in cash.[22]In 2012, McGraw Hill acquired Redbird Learning[23]and in 2013, McGraw Hill acquiredALEKS.[24]In 2014, McGraw Hill Education India partnered with GreyCampus to promoteOnline LearningCourses amongUniversity Grants Commission- National eligibility Test Aspirants.[25] In 2014, McGraw Hill acquiredEngrade. On June 30, 2015, McGraw-Hill Education announced that Data Recognition Corporation (DRC) had agreed to acquire "key assets" of theCTB/McGraw-Hillassessment business.[26]In 2016, McGraw Hill acquiredEveryday Mathematics.In 2017, McGraw Hill acquired My Math.

On May 11, 2017, McGraw-Hill Education announced the sale of the business holdings of McGraw-Hill Ryerson (Ryerson Press) to Canadian educational publisher Nelson.[27]In 2018, McGraw-Hill launches textbook rental program, adding to affordable options available for college students.[28] On January 17, 2019, McGraw Hill Education announced Reveal Math and Inspire Science, new curricula forK–12.[29]

On May 1, 2019, McGraw-Hill Education announced an agreement to merge withCengage.The merged company was expected to retain McGraw Hill as the corporate name.[30][31]The merger was called off on May 1, 2020.[32]In 2019, McGraw Hill acquiredCore-Plus Mathematics Project.In 2020, McGraw Hill became a distributor for Illustrative Mathematics. In 2021, McGraw Hill acquiredKidaptive.

McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion.[9]

Acquisitions

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The McGraw Hill Companies expanded significantly through acquisition, including financial services and broadcasting. Many acquisitions continued with McGraw Hill after their acquisition by Apollo Global Management in 2013.

Date of acquisition Company acquired Industry
1920 Newton Falls Paper Company[33] Producer of paper
1928 A.W. Shaw Company[33] Publisher of magazines and textbooks
1950s Gregg Company[33] Publisher of vocational textbooks
1953 Companies of Warren C Platts, includingPlatts[33][34] Publisher of petroleum industry information
1954 Blakiston,fromDoubleday[35] Publisher of medical textbooks
1961 F.W. Dodge Corporation[36] Publisher of construction industry information
1965 California Test Bureau[33] Developer of educational testing systems
1966 Standard & Poor's[36] Financial Services
Shepard's Citations[37] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations ofTime LifeBroadcasting[36] Broadcasting
1979 Osborne Books Educational and trade publishing
1986 The Economy Company Educational publishing
1988 Random HouseSchools and Colleges[38] Educational publishing
1993 Macmillan/McGraw-Hill School Publishing Companyincluding Glencoe,SRA,and former Laidlaw publications[39][40] Educational publishing
1996 Times MirrorHigher Educationincluding William C Brown, Richard D Irwin, Irwin Professional, Mosby College and Brown & Benchmark[41] Educational publishing
1997 Micropal Group Limited[42] Financial Services
1999 Appleton & LangefromPearson[43] Publisher of medical information
2000 TribuneEducation,includingNTC/Contemporary, Everyday Learning/Creative, Instructional Fair, Landoll, The Wright Group. American Education Publishing, Meeks Heit & Peter Bedrick Books[44] Publisher of supplementary educational materials
Mayfield Publishing Company[45] Publisher of humanities and social science textbooks
2002 Open UniversityPress University press– academic publications
2005 J.D. Power & Associates[46] Marketing information provider
2013 Key Curriculum[47] Math technology firm
ALEKS[48] Adaptive learning firm
2014 Area9 Aps[49] Adaptive learning firm
Engrade[50] Learning management system
2016 Redbird Advanced Learning, formerlyEducation Program for Gifted Youth[51] Adaptive learning firm
2021 Kidaptive[52] Adaptive learning firm
Triad Interactive[53] Educational software firm
Achieve3000[54] Educational software firm

Presidents

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  • John A. Hill (1909–1917)
  • 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(1998–2013)
  • Buzz Waterhouse (2013–2014)
  • David Levin(2014–2017)
  • Buzz Waterhouse (2017–2018)
  • Nana Banerjee (2018–2019)
  • Simon Allen (2019–)

Controversies

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In 1980, McGraw Hill paid the African American writer and civil rights activistJames Baldwina $200,000 advance for his unfinished bookRemember This House,a memoir of his personal recollections of civil rights leadersMedgar Evers,Malcolm XandMartin Luther King Jr.[55]Following his death, McGraw Hill sued his estate to recover the advance they had paid him for the unfinished book. The lawsuit was dropped by McGraw Hill in 1990, citing a desire not to cause distress to Baldwin's family.[55]

In October 2015, McGraw-Hill Education was accused ofwhitewashinghistory after it published a caption in a geography textbook referring toAmerican slavesas "workers".[56]McGraw Hill issued an apology, updated the digital version of the materials, and offered schools replacement texts at no charge.[57]It has been linked to broader controversies about texts at theTexas Education Agency.[58]

Pricing

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McGraw Hill has been accused of using online access codes included with texts to prevent students from reselling used books.[59]During theCOVID-19 pandemic,when many students were studying remotely, McGraw Hill was accused ofprice gouging,in charging several times more forebooksthan for print texts.[60]

Works

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Films:

See also

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References

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  1. ^"Annual Report"(PDF).McGraw–Hill.Archived(PDF)from the original on March 19, 2022.RetrievedNovember 19,2020.
  2. ^Davis, Michelle R."'Big Three' Publishers Rethink K-12 Strategies ".Education Week.Archivedfrom the original on June 29, 2017.RetrievedMarch 25,2014.
  3. ^Noonoo, Stephen."How 'Big Three' Publishers Are Approaching iPad Textbooks".Times Higher Education Journal.Archivedfrom the original on July 8, 2017.RetrievedMarch 25,2014.
  4. ^"McGraw-Hill Financial 2013 Annual Report"(PDF).Archived fromthe original(PDF)on May 31, 2016.
  5. ^Henry, David."McGraw-Hill sells textbook unit to private equity".Reuters.Archivedfrom the original on June 5, 2022.RetrievedMarch 25,2014.
  6. ^"McGraw-Hill completes sale of education division".Businessweek.March 22, 2013. Archived fromthe originalon May 18, 2013.RetrievedMarch 25,2014.
  7. ^"McGraw-Hill Sells Education Unit To Apollo: Bellwether For Educational Publishing?".Forbes.November 28, 2012.Archivedfrom the original on June 11, 2020.RetrievedMarch 25,2014.
  8. ^Robinson, Matt (March 22, 2013)."McGraw-Hill Closes $2.4 Billion Education Unit Sale to Apollo".Bloomberg.Archivedfrom the original on January 15, 2015.RetrievedMarch 25,2014.
  9. ^ab"Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo".The Wall Street Journal.June 15, 2021.Archivedfrom the original on June 4, 2022.RetrievedSeptember 15,2021.
  10. ^abcd"McGraw-Hill, Inc. | Encyclopedia.com".www.encyclopedia.com.Archivedfrom the original on May 25, 2022.RetrievedNovember 21,2023.
  11. ^"About Us: Corporate History: The Foundation".Archived fromthe originalon May 5, 2007.RetrievedMay 26,2007.
  12. ^Alexander, Geoff (2010).Academic Films for the Classroom: A History.Jefferson: McFarland & Co. pp. 109–110.ISBN9780786458707.OCLC601049093.RetrievedMarch 14,2019.
  13. ^Tipton, David (July 3, 1986). "McGraw Hill Buying The Economy Company".The Journal Record.
  14. ^Fabrikant, Geraldine (May 18, 1989)."McGraw-Hill and Maxwell Form Venture".The New York Times.ISSN0362-4331.Archivedfrom the original on January 24, 2018.RetrievedSeptember 10,2021.
  15. ^"School Specialty Buys McGraw-Hill Titles".Chief Marketer.November 30, 2001.Archivedfrom the original on January 15, 2021.RetrievedNovember 21,2018.
  16. ^"Cornell students using GradeGuru.com to their advantage".Ithaca.com.May 6, 2009.Archivedfrom the original on November 21, 2023.RetrievedNovember 21,2023.
  17. ^McGraw-Hill Sells TV Group To Scripps,TVNewsCheck,October 3, 2011.
  18. ^"FTC OK With Scripps/McGraw-Hill".Broadcastingcable.com.Archivedfrom the original on July 29, 2013.RetrievedJuly 18,2018.
  19. ^"Scripps Purchase Of McGraw-Hill TVs OK'd".TV News Check.November 29, 2011. Archived fromthe originalon February 5, 2013.RetrievedOctober 17,2020.
  20. ^"Scripps completes McGraw-Hill Stations Buy".TVNewsCheck.NewsCheck Media. December 30, 2011. Archived fromthe originalon September 13, 2012.RetrievedDecember 31,2011.
  21. ^"McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion"ArchivedNovember 12, 2020, at theWayback Machine,New York Times,November 26, 2012.
  22. ^"The McGraw-Hill Companies completes sale of McGraw-Hill Education to Apollo"(Press release). McGraw Hill Companies. March 22, 2013. Archived fromthe originalon October 20, 2020.RetrievedFebruary 22,2017.
  23. ^"McGraw-Hill Acquires Redbird Advanced Learning, A Digital Personalized Learning Provider for K".September 30, 2016.Archivedfrom the original on August 26, 2019.RetrievedMay 16,2020.
  24. ^"McGraw-Hill Agrees to Acquire ALEKS Corporation, Developer of Adaptive Learning Technology for K-12 and Higher Education".June 20, 2013.Archivedfrom the original on September 28, 2020.RetrievedMay 16,2020.
  25. ^"McGraw Hill-GreyCampus Partnership".The Times of India.May 19, 2014.Archivedfrom the original on April 6, 2019.RetrievedNovember 3,2014.
  26. ^"Data Recognition Corporation (DRC) Announces Agreement To Acquire Key Assets of the CTB Assessment Business of McGraw-Hill Education".prnewswire.com(Press release).
  27. ^"NELSON Acquires McGraw-Hill Ryerson's K-12 Business Becoming the Largest Canadian-Operated Publisher".www.nelson.com(Press release).Archivedfrom the original on August 3, 2020.RetrievedNovember 1,2017.
  28. ^"McGraw-Hill Expands Options to Make Course Materials More Affordable with New Rental Program".www.mheducation.com.February 8, 2018.
  29. ^"McGraw-Hill Education Reimagines Math and Science Instruction with Two New Curricula, Reveal Math and Inspire Science"(Press release).Archivedfrom the original on October 27, 2020.RetrievedMay 16,2020.
  30. ^"Cengage and McGraw-Hill merge | Inside Higher Ed".www.insidehighered.com.Archivedfrom the original on November 8, 2020.RetrievedJune 18,2019.
  31. ^"McGraw-Hill, Cengage Agree to Merge".Publishers Weekly.Archivedfrom the original on November 2, 2020.RetrievedJuly 8,2019.
  32. ^"McGraw-Hill, Cengage Jointly Agree to Terminate Planned Merger".Bloomberg.com.May 4, 2020.Archivedfrom the original on November 29, 2020.RetrievedMay 10,2020– via www.bloomberg.com.
  33. ^abcde"About Us: Corporate History: Development".Archived fromthe originalon August 7, 2007.RetrievedMay 26,2007.
  34. ^"Platts History".Archived fromthe originalon May 2, 2007.RetrievedMay 26,2007.
  35. ^"Blakiston Books Sold; McGraw-Hill Acquires Medical Subsidiary of Doubleday".The New York Times.October 18, 1954.ISSN0362-4331.Archivedfrom the original on January 26, 2021.RetrievedNovember 10,2019.
  36. ^abc"About Us: Corporate History: Expansion".Archived fromthe originalon March 29, 2010.RetrievedMay 26,2007.
  37. ^"The McGraw-Hill Companies Timeline".Archived fromthe originalon January 11, 2021.RetrievedAugust 23,2014.
  38. ^Edwin McDowell (September 29, 1988)."McGraw-Hill Is Buying 2 Random House Units".The New York Times.Archivedfrom the original on July 8, 2018.RetrievedFebruary 11,2017.
  39. ^"Company news: McGraw Hill to buy stake in Schoolbook Publisher".The New York Times.August 27, 1993.Archivedfrom the original on September 3, 2020.RetrievedMarch 24,2018.
  40. ^Storch, Charles (June 5, 1987)."47% of Staff at Laidlaw get the ax".chicagotribune.com.Archivedfrom the original on November 10, 2019.RetrievedMarch 6,2021.
  41. ^Iver Peterson (July 4, 1996)."Times Mirror in Two Deals To Bolster Legal Publisher".The New York Times.Archivedfrom the original on September 7, 2020.RetrievedSeptember 1,2009.
  42. ^"The McGraw-Hill Companies to Acquire Micropal".Archived fromthe originalon October 28, 2018.RetrievedMay 26,2007.
  43. ^"The McGraw-Hill Companies Completes Acquisition of Appleton & Lange".The McGraw-Hill Companies.June 25, 1999. Archived fromthe originalon January 3, 2013.RetrievedMay 26,2007.
  44. ^"The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position".The McGraw-Hill Companies.June 26, 2000. Archived fromthe originalon July 17, 2012.RetrievedMay 26,2007.
  45. ^"McGraw-Hill to Acquire Mayfield Publishing Company".Publishing Executive.November 1, 2000. Archived fromthe originalon November 11, 2019.RetrievedNovember 11,2019.
  46. ^"The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates".The McGraw-Hill Companies.Archived fromthe originalon January 3, 2013.RetrievedMay 26,2007.
  47. ^Tomassini, Jason (August 2, 2012)."McGraw-Hill Acquires Math Technology Company Key Curriculum".Marketplace K-12 – Education Week.Archived fromthe originalon January 15, 2015.RetrievedJune 18,2014.
  48. ^Chaudhuri, Saabira (June 20, 2013)."McGraw-Hill Education Agrees to Buy Adaptive Learning Technology Firm".The Wall Street Journal.Archived fromthe originalon July 1, 2014.RetrievedJune 18,2014.
  49. ^"McGraw-Hill Acquires Adaptive Learning Company".Inside Higher Ed.February 9, 2014.Archivedfrom the original on June 11, 2020.RetrievedJune 18,2014.
  50. ^Empson, Rip (February 10, 2014)."McGraw-Hill Buys Engrade For ~$50M As It Moves Away From Textbooks, Towards A Future Of SaaS".TechCrunch.Archivedfrom the original on December 4, 2020.RetrievedJune 18,2014.
  51. ^"McGraw-Hill Education Acquires Redbird Advanced Learning, A Digital Personalized Learning Provider for K-12".Archivedfrom the original on October 3, 2016.RetrievedSeptember 30,2016.
  52. ^"McGraw Hill Acquires Kidaptive, an Adaptive and Personalized Learning Company"(Press release). New York: McGraw Hill. PR Newswire. March 16, 2021.RetrievedSeptember 15,2021.
  53. ^"McGraw Hill Acquires Triad Interactive, Developer of SIMnet, an Online Training Platform for Microsoft Office"(Press release). New York: McGraw Hill. PR Newswire. May 4, 2021.Archivedfrom the original on September 15, 2021.RetrievedSeptember 15,2021.
  54. ^Bradley, Brian (August 30, 2021)."McGraw Hill to Acquire Achieve3000, in Major Pairing of Classroom Product Providers".EdWeek Market Brief.Archivedfrom the original on September 15, 2021.RetrievedSeptember 15,2021.
  55. ^ab"McGraw-Hill Drops Baldwin Suit"ArchivedMarch 8, 2021, at theWayback Machine.The New York Times,May 19, 1990.
  56. ^Basu, Tanya (October 4, 2015)."Textbook Company to Update Description of Slaves as 'Workers' After Criticism".Time.Archivedfrom the original on November 8, 2020.RetrievedOctober 5,2015.
  57. ^Hauser, Christine (October 5, 2015)."Publisher Promises Revisions After Textbook Refers to African Slaves as 'Workers'".The New York Times.Archivedfrom the original on February 21, 2021.RetrievedOctober 5,2015.
  58. ^Mcafee, Melonyce (October 4, 2015)."McGraw-Hill to rewrite textbook after mom's complaint".CNN.Archivedfrom the original on November 13, 2020.RetrievedOctober 5,2015.Texas has been a battleground in the fight over changes to textbooks that some say concede too much ground to conservative viewpoints on subjects such as climate change, religious liberty and slavery.
  59. ^Schermele, Zach (March 4, 2020)."Why Are Textbooks So Expensive?".Teen Vogue.RetrievedJune 19,2023.
  60. ^Fazackerley, Anna (January 29, 2021)."'Price gouging from Covid': student ebooks costing up to 500% more than in print ".The Guardian.RetrievedJune 19,2023.

Further reading

[edit]
  • Burlingame, Roger (1959).Endless Frontiers: The Story of McGraw-Hill.New York: McGraw-Hill.
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