McGraw-Hill

The branded McGraw-Hill logo as of 2019
Founded	1888
Founder	James H. McGraw John A. Hill
Country of origin	United States
Headquarters location	2 Pennsylvania Plaza New York City
Key people	Simon Allen
Publication types	Adaptive learning technology, Educational software, eBooks, Apps, Platform services, curriculum, and Books
Revenue	$1.72 billion (2017)
Owner(s)	Apollo Global Management
No. of employees	6,805 (2020)[1]
Official website	www.mheducation.com

McGraw-Hill is an American learning math company and one of the "big three" educational publishers^[2][3] that provides customized educational content, software, and services for pre-K through postgraduate education. The company also provides reference and trade publications for the medical, business, and engineering professions. McGraw-Hill currently operates in 28 countries, has more than 5,000 employees globally, and offers products and services to over 135 countries in 60+ languages.

Formerly a division of The McGraw-Hill Companies (later renamed McGraw Hill Financial, now S&P Global), McGraw-Hill Education was divested and acquired by Apollo Global Management in March 2013 for $2.4 billion in cash.^{[4][5][6][7][8]}

Based on the growing demand for classroom technology, McGraw-Hill began offering digital products alongside traditional print products. This shift has accelerated in recent years with an increased focus on developing adaptive learning systems that enable classroom teaching to come closer to a one-to-one student-teacher interaction. These systems allow personalized learning that assesses each student's skill level and uses data to determine how each can progress through lessons most effectively. McGraw-Hill now provides digital products and services to over 11 million users on over 1,500 adaptive products in higher education and digital formats for its major K-12 programs.

History

McGraw-Hill was founded in 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, the two men 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.^[9]

In 1946, McGraw-Hill founded an educational film division. 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.^[10]

In 1979, McGraw-Hill Publishing Company purchased Byte from its owner/publisher Virginia 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.^[11]

In 1988, McGraw-Hill closed its trade book division.

McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate identity rebranding.^{[12][failed verification]}

In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.^[13] 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. The site closed on April 29, 2012.

In 2008, the company acquired Reveal Math.^[14] On October 3, 2011, Scripps announced it was purchasing all seven television stations owned by The McGraw-Hill Companies' broadcasting division McGraw-Hill Broadcasting for $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.^[15] This deal was approved by the FTC on October 31^[16] and the FCC on November 29.^[17] The deal was completed on December 30, 2011.^[18]

On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division to Apollo Global Management for $2.5 billion.^[19] On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion in cash.^[20] In 2012, the company acquired Redbird Learning^[21] and in 2013, the company acquired ALEKS.^[22] In 2014, McGraw Hill Education India partnered with GreyCampus to promote Online Learning Courses among University Grants Commission- National eligibility Test Aspirants.^[23]

On June 30, 2015, McGraw-Hill Education announced that Data Recognition Corporation (DRC) had agreed to acquire "key assets" of the CTB/McGraw-Hill assessment business.^[24] In 2016, the company acquired Everyday Mathematics. In 2017, the company 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.^[25]

On May 1, 2019, the company announced an agreement to merge with Cengage. The merged company was expected to retain McGraw-Hill as the corporate name.^[26][27] The merger was called off on 1st May 2020. ^[28] In 2019, the company acquired Core-Plus Mathematics Project. In 2020, the company became a distributor for Illustrative Mathematics.

Corporate organization

Operating segments of McGraw-Hill include:

• McGraw-Hill PreK-12, which develops curriculum and content for early childhood education, K-12 learners, and adult education.
• McGraw-Hill Higher Ed, which focuses on post-secondary education.
• McGraw-Hill Professional, focused on post-graduate and professional learners.
• McGraw-Hill International, which focuses on learners and professionals outside of the United States.

McGraw-Hill is also established in Asia, Australia, Canada (as McGraw Hill Ryerson) Europe, India, and Latin America (as McGraw-Hill Interamericana). In 2013, McGraw-Hill Education acquired the entirety of shares in Tata McGraw-Hill Education Private Limited, the company's long-existing joint venture with Tata Group in India. The company is now known as McGraw-Hill in India as well.

Acquisitions

During the course of its history, the McGraw-Hill Companies expanded significantly through acquisition, 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). Many of these acquisitions stayed with McGraw-Hill after their acquisition by Apollo Global Management in 2013.

Presidents

• 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)
• Dr. Nana Banerjee (2018-2019)
• Simon Allen (2019-current)

Controversies

In 1980, McGraw-Hill paid the African American writer and civil rights activist James Baldwin a $200,000 advance for his unfinished book Remember This House, a memoir of his personal recollections of civil rights leaders Medgar Evers, Malcolm X and Martin Luther King, Jr.^[47] Following his death, the company sued his estate to recover the advance they had paid him for the unfinished book. The lawsuit was dropped by the company in 1990, citing a desire not to cause distress to Baldwin's family.

In October 2015, McGraw-Hill Education was accused of whitewashing history after it published a caption in a geography textbook referring to American slaves as "workers".^[48] The company quickly apologized, updated the digital version of the materials, and offered schools replacement texts at no charge.^[49] Since the controversy began in Houston, it has been linked to broader controversies about conservative texts at the Texas Education Agency.^[50]

See also

• Educational publishing companies
• Books in the United States
• Discovery Education
• Google for Education
• Houghton Mifflin Harcourt
• Pearson Education
• S&P Global
• Scholastic Corporation

References

Further reading

• Roger Burlingame, Endless Frontiers: The Story of McGraw-Hill, New York: McGraw-Hill, 1959.

External links

• No More Pencils, No More Books | Slate
• McGraw Hill says digital sales beat print for the first time | Chicago Sun Times
• McGraw-Hill Education Establishes its Software Status with GFA Deal | The PIE News
• News and media coverage of McGraw-Hill Education (from company website)