The branded McGraw-Hill logo as of 2019
|Founder||James H. McGraw|
John A. Hill
|Country of origin||United States|
|Headquarters location||2 Pennsylvania Plaza|
New York City
|Key people||Dr. Nana Banerjee (President and CEO)|
|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||5,000+|
McGraw-Hill (MHE) is a learning science company and one of the "big three" educational publishers 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 Education 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, now S&P Global, McGraw-Hill Education was divested from McGraw Hill Financial and acquired by Apollo Global Management in March 2013 for $2.4 billion in cash.
Based on the growing demand for classroom technology, McGraw-Hill has transitioned from a print-based business model to one based on delivering digital content and technology-enabled learning solutions.[buzzword] 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 by assessing each student's skill level and using data to determine how each can progress through lessons most effectively. McGraw-Hill Education provides digital products and services to over 11 million users. In 2013, the company acquired the ALEKS Corporation and after acquiring 20 percent equity stake in Area9 ApS went on to acquire the company, its development partner on the LearnSmart Advantage suite. In 2015 MHE opened a new R&D office in Boston's innovation district. In September 2016 the company acquired adaptive learning technology and content provider Redbird Learning. The company currently offers over 1,500 adaptive products in higher education and digital formats for its major K-12 programs.
McGraw-Hill Education 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 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.
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.
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.
In 1988, McGraw-Hill closed its trade book division.
In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.
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.
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. This deal was approved by the FTC on October 31 and the FCC on November 29. The deal was completed on December 30, 2011.
On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division to Apollo Global Management for $2.5 billion. On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion in cash.
McGraw Hill Education India is located in Noida area of Delhi/NCR. The company also sells books online at www.mheducation.co.in
Operating segments of McGraw-Hill Education include:
Other major subsidiaries, partners and investments:
McGraw-Hill Education 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 Education in India as well.
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 Education after their acquisition by Apollo Global Management in 2013.
|Date of acquisition||Company acquired||Industry|
|1920||Newton Falls Paper Company||-|
|1928||A.W. Shaw Company||Publisher of magazines and textbooks|
|1950s||Gregg Company||Publisher of vocational textbooks|
|1953||Companies of Warren C Platts, including Platts||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||Financial Services|
|1966||Shepard's Citations||Legal publisher|
|1968||National Radio Institute||Correspondence School|
|1970||The Ryerson Press||Educational and trade publishing|
|1972||Television Stations of Time Life Broadcasting||Broadcasting|
|1986||The Economy Company||Educational publishing|
|1988||Random House Schools and Colleges||Educational publishing|
|1993||Macmillan/McGraw-Hill School Publishing Company including Glencoe and SRA||Educational publishing|
|1996||Times Mirror Higher Education including William C Brown, Richard D Irwin, Irwin Professional, Mosby College and Broiwn & Benchmark ||Educational publishing|
|1997||Micropal Group Limited||Financial Services|
|1999||Appleton & Lange from Pearson||Publisher of medical information|
|2000||Tribune Education, including NTC/Contemporary, Everyday Learning/Creative, Instructional Fair, Landoll, The Wright Group. American Education Publishing, Meeks Heit & Peter Bedrick Books||Publisher of supplementary educational materials|
|2002||Open University Press||University press - academic publications|
|2005||J.D. Power & Associates||Marketing information provider|
|2013||Key Curriculum||Math technology firm|
|2013||ALEKS||Adaptive learning firm|
|2014||Area9 Aps||Adaptive learning firm|
|2014||Engrade||Learning management system|
|2016||Redbird Advanced Learning, formerly Education Program for Gifted Youth||Adaptive learning firm|
In 1980, McGraw-Hill Education 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. 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". The company quickly apologized, updated the digital version of the materials, and offered schools replacement texts at no charge. Since the controversy began in Houston, it has been linked to broader controversies about conservative texts at the Texas Education Agency.
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.