| The McGraw-Hill Companies is driving the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education.
McGraw-Hill aligns with three enduring global needs:
 the need for Capital
the need for Knowledge
the need for Transparency
These are the foundations necessary to foster economic growth and to allow individuals, markets and societies to reach their full potential.
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at w: .
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McGraw-Hill Education addresses virtually every aspect of the education market from pre-K through professional learning. Using traditional materials, online learning and multimedia tools, we empower the growth of teachers, professionals and students of all ages. Our technical innovations are changing the way people learn, with e-books, online tutoring, customized course Web sites and subscription services. We are also a leading provider of reference and trade publishing for the medical, business, engineering and other professions.
McGraw-Hill Education is a lifelong learning partner to students and teachers of all kinds, everywhere. |
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McGraw-Hill Education EMEA
Shoppenhangers Road
Maidenhead
Berkshire
SL6 2QL
UK
t: +44 (0)1628 502500
As well as the large number of US titles that McGraw-Hill publishes each year, we have strong local publishing programmes. With the broadest possible range of quality professional and academic products, covering business, economics, computing, engineering, the sciences and healthcare, we aim to encourage and promote McGraw-Hill's stated objective of 'serving your need for knowledge'. |
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Open University Press publishes books and resources for education, health, the social sciences, management and study skills. The majority of our books have no connection with Open University courses. We are proud to maintain a relationship with academic advisers at the Open University, and to reflect credit on the University through the quality of our publishing. We now publish over 100 new books each year.
In 2002 Open University Press became part of McGraw-Hill Education, which is committed to the Open University Press philosophy of publishing the best possible resources for academics, students and professionals. Open University Press books are available around the world through booksellers and the international network of McGraw-Hill companies. |
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The McGraw-Hill Companies has been a leader in providing trusted information and analysis for well over a century. From the Industrial Revolution to the Internet Revolution, The McGraw-Hill Companies has filled a critical need for information and insight by helping individuals and businesses in a broad range of markets.
The Foundation
Founder James H. McGraw, a teacher in upstate New York, began working in publishing in 1884, and purchased the American Journal of Railway Appliances in 1888. At the same time, co-founder John A. Hill was working as an editor at Locomotive Engineer. Over the next fifteen years, the two men pursued their separate careers specializing in technical and trade publications. In 1899, McGraw incorporated his publications under the heading of "The McGraw Publishing Company;" in 1902, John Hill followed with "The Hill Publishing Company."
The two men had crossed paths over the years and their mutual interest in science and technology led to an alliance in 1909. The book departments of the two publishing companies merged to form the McGraw-Hill Book Company. John Hill took the office of President; James McGraw became the company's Vice-President. The rest of the functions of the McGraw and Hill companies continued their separate existence, buying and expanding on numerous publications.
The partnership was developing well, but the sudden death of John A. Hill in 1916 was a blow to the growing company. Business continued despite the loss, with James McGraw taking over as Book Company President. In 1917, the remaining parts of the companies merged to form the McGraw-Hill Publishing Company, Inc. and moved into the Hill Building on Tenth Avenue in New York City. Much as the companies merged, some of the publications that duplicated each other merged as well - Hill's Engineering News and McGraw's Engineering Record became McGraw-Hill's Engineering News-Record. top of page
Development
Over the next ten years, the McGraw-Hill Publishing Company continued to expand and prosper. Acquisitions included the Newton Falls Paper Co. in 1920, and the A.W. Shaw Co. in 1928. Additional offices were opened in England and California, and new products like Bus Transportation were introduced. James McGraw retired as President in 1928 and was replaced by Malcolm Muir, but remained as Chairman of the Board. McGraw-Hill stock was publicly traded for the first time in 1929, which was also the first year BusinessWeek was published.
James McGraw finally ended his long tenure with the company in 1935 when he stepped down as Chairman, though he retained the title of Honorary Chairman until his death in 1948. The family's involvement with the company continued, though, as he was succeeded by his son James McGraw, Jr. (Jay). Jay took over as President of the company two years later when Malcolm Muir retired. The 1930's and 1940's saw the continued development of McGraw-Hill, including the appearance of products in the aviation, health, and atomic energy fields. Jay McGraw retired from the Presidency and Chairmanship in 1950, and was replaced by his younger brother Curtis W. McGraw.
The 1950's brought tremendous expansion in all areas, particularly in the field of educational publishing. Since the original merging of the two book companies in 1909, McGraw-Hill had been steadily increasing its offerings in textbooks for college level students. Many of its offerings were, of course, connected to the traditional strengths of engineering and science, but by the mid-1930's McGraw-Hill had developed specialties in business, management, and social science textbooks. With the development of the post World War II baby boom the extension of these efforts into elementary and high school publishing was the natural next step. With the acquisitions of the Gregg company (a publisher of vocational textbooks) and the California Test Bureau (a developer of educational testing systems), the company established a presence in the K-12 area. McGraw-Hill also purchased the companies of Warren C. Platt, a petroleum-industry publisher in 1953, and the future looked promising. Curtis McGraw, however, died suddenly in September 1953, and his brother Donald C. McGraw had to take over as company President. top of page
Expansion
Under Donald the company continued to grow—a new office was opened in Virginia in 1957, and the Hightstown Distribution Center was opened in New Jersey the following year. The F.W. Dodge Corporation was acquired in 1961, and a foreign language-publishing unit was established in 1963. Donald McGraw retired as President and Chairman in 1968, and was followed by Shelton Fisher, who also held the position of Chief Operating Officer. Renamed McGraw-Hill, Inc., the company continued to diversify with new divisions, including the 1966 acquisition of Standard & Poor's, the provider of trusted financial information and analysis. Standard & Poor's impact was felt almost immediately after its acquisition when, in 1968, it helped create a new system to identify and track securities. The Committee on Uniform Security Identification Procedures (CUSIP) number was the brainchild of the American Bankers Association; Standard & Poor's provided the technological know-how and publishing ability to maintain the database and publish the annual list of CUSIP numbers.
Other key additions to the McGraw-Hill portfolio included the 1972 acquisitions of television stations in San Diego, Bakersfield CA., Indianapolis, and Denver. The Company also moved to its present location at Sixth Avenue and Forty-ninth Street that same year. Shelton Fisher retired from the Company in 1974, and was followed as President by Harold McGraw, Jr., grandson of the founder and son of a former company Vice-President. After the company successfully defended against a takeover attempt by American Express in 1979, the 1980's brought new products and different approaches, including a switch from media to market orientation. Revenues topped $1 billion for the first time in 1980. Harold McGraw Jr. retired as President and CEO in 1983, but stayed on as Chairman until 1988 when he was named Chairman Emeritus. Joseph Dionne, who had been with the company in various capacities since 1967, followed Harold as President and CEO. top of page
The Information Age
In 1989, working with Eastman Kodak and R.R. Donnelley, McGraw-Hill introduced Primis Custom Publishing—the first customized publishing system to allow professors to design their own textbooks. In the 1990s, Primis' share of the market grew to 18.5% and it was acknowledged as the leading U.S. custom publisher. In 1995, McGraw-Hill unveiled a new corporate identity campaign and became The McGraw-Hill Companies. The corporation also reorganized its divisions to align its businesses behind three fast growing segments—education, financial services, and information and media services. The corporate Internet site was also launched in 1995, and a corporate Intranet site was created in 1996, the same year revenues reached $3 billion.
Joe Dionne retired as CEO in 1998 and was succeeded by Harold W. (Terry) McGraw III, bringing the leadership of The McGraw-Hill Companies back to the McGraw family. The son of Chairman Emeritus Harold McGraw Jr., Terry has been with McGraw-Hill since 1980. Under Terry McGraw, the critical issues of copyright/database protection and e-commerce have taken center stage. Similarly, The McGraw-Hill Companies' groundbreaking privacy policy has become a model for other companies to follow. In 1999, on the strength of businesses like Standard & Poor's, BusinessWeek and McGraw-Hill Education, the corporation achieved its seventh consecutive year of record financial performance and reached an all-time high of $4 billion in revenue.
In 1999, the corporation celebrated the 125th anniversary of two of its longest running publications, Engineering News-Record and Electrical World. Started during the industrial revolution, those publications were leaders in reporting on new developments, while providing information in a variety of formats. Taking advantage of the Internet, BusinessWeek expanded its online presence with BusinessWeek Online. The corporation also leveraged the content of Standard & Poor's and BusinessWeek with the issuance of S&P Personal Wealth, and strengthened its medical publishing unit by purchasing Appleton and Lange. In addition, the corporation streamlined its operation by selling four chemical magazines and two Italian publishing companies.
During 2000, The McGraw-Hill Companies' three segments witnessed global growth in a variety of areas. The Financial Information Services segment expanded in non-traditional ratings services, corporate governance in emerging markets, and added new products to the S&P Indexes. The K-12 education business increased its market share and developed new products for higher education and testing. The Information and Media Services segment continued growth internationally and achieved record advertising sales. For example, new online portals were created to serve the aviation, energy and construction markets. Streamlining of the corporation's business continued with the sale of Tower Group. Acquisitions of the Mayfield Publishing Company and Tribune Education contributed to further development of size and scale in the Education business.
In spite of the challenging economic conditions in 2001, the corporation achieved success in its Financial Information Services and Education business units, but not in the Information and Media Services area. McGraw-Hill Education continued its push for innovative learning materials with the McGraw-Hill Learning Network's new digital products. The acquisition of Frank Schaffer Publishing and the integration of Tribune Education products strengthened the children’s publishing arena. Standard & Poor's acquired Corporate Value Consulting from PricewaterhouseCoopers, adding significant new capabilities. The acquisition of FT Energy strengthened Platts' present offering of products.
Solid performances in Financial Services and by the McGraw-Hill Higher Education, Professional and International Group, improvement in the advertising market and prudent cost controls helped the Corporation achieve double-digit growth in a challenging year. In addition to its continuing emphasis on global growth and product diversification, Standard & Poor's continued to provide leadership to its markets. It introduced a new methodology for evaluating companies' "core earnings" and published a study and rankings on corporate transparency, governance and disclosure practices. McGraw-Hill Higher Education grew at double-digit rates and its products sold well worldwide. In the U.S. McGraw-Hill School Education Group captured 32% of the K–12 (students ages 4-17) adoption market versus 29% in 2001. Although it was a challenging environment, Information and Media Services continued to serve new markets with partnerships and offerings such as BusinessWeek TV, which is now broadcast in 188 U.S. markets, and the Homeland Security Conference and Exposition. Platts' successful integration of FT Energy enabled it to provide new capabilities in the areas of database, research and consulting services, while McGraw-Hill Construction rebranded itself and delivered a strong bottom line performance. Finally, BtoB magazine recognized the strength of the Corporation and the success of its strategy by naming The McGraw-Hill Companies No. 1 on its "Top 10 Business Media Powerhouses" list.
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