McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. It produces textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education.[3][4] McGraw Hill also publishes reference and trade publications for the medical, business, and engineering professions. 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.[5][6][7][8][9] McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion.[10] The company is based in Columbus, Ohio.[11]
History
McGraw-Hill logo used from 1971 to the late 1990s330 West 42nd Street, the former, long-time headquarters of McGraw Hill
McGraw Hill was founded in 1888, when James H. McGraw, co-founder of McGraw Hill, 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.[12]
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.[12] 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.[13]
In 1946, McGraw-Hill founded an international division of the company.[12] It acquired Contemporary Films in 1972 and CRM in 1975. McGraw-Hill combined its films[14] in the CRM division in 1978. McGraw-Hill sold CRM in 1987.[15]
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.[16]
In 1988, Harold McGraw became chairman emeritus of McGraw Hill.[12] In 1988, Random House sold its school and college textbook divisions to McGraw-Hill.[17]
In 1989, McGraw-Hill formed a joint partnership with Robert Maxwell, forming the second largest textbook publisher in the United States.[18] 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.[19] 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.[20] The site closed in April 2012.[21]
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.[22] This deal was approved by the FTC on October 31[23] and the FCC on November 29.[24] The deal was completed on December 30, 2011.[25]
