McGraw Hill Financial, Inc. is an American publicly traded corporation headquartered
in New York City.
Its primary areas of business are financial information and analytics.
It is the parent company of Standard & Poor's Ratings Services, S&P Capital IQ, Platts,
J.D. Power and Associates and is the majority owner of the S&P Dow Jones Indices joint venture.
Corporate history McGraw Hill Financial 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 both men, having known each other's interests, 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 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 1979 McGraw-Hill Publishing Company purchased Byte magazine from its owner/publisher Virginia
Williamson who then became a vice-president of McGraw-Hill.
McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part
of a corporate identity rebranding.
In a 2007 strategy move, McGraw-Hill 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, McGraw-Hill announced it was selling its entire television station
group to The E.W. Scripps Company for $212 million.
The sale was completed on December 30, 2011.
It had been involved in broadcasting since 1972, when it purchased four television stations
from a division of Time Inc.
On November 26, 2012, McGraw-Hill 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
cash.
On May 1, 2013, shareholders of McGraw-Hill voted to change the company's name to McGraw
Hill Financial.
Corporate organization McGraw Hill Financial now organizes its businesses
in four units, based upon the market they are involved in.
Standard & Poor's Ratings Services Standard & Poor's provides independent investment
research including ratings on various investment instruments.
S&P Capital IQ A leading provider of multi-asset class and
real time data, research and analytics to institutional investors, investment and commercial
banks, investment advisors and wealth managers, corporations and universities.
S&P Dow Jones Indices Launched on July 2, 2012, it is the world's
largest global resource for index-based concepts, data, and research.
It is home to the widely tracked S&P 500 and the Dow Jones Industrial Average.
S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide
the basis for 575 ETFs globally with $387 billion in assets invested, and serves as
the DNA for $1.5 trillion of the world’s indexed assets.
Platts Platts is a leading global provider of information
and a premier source of benchmark price assessments for the energy, petrochemicals, metals and
agriculture markets.
Since 1909, Platts has provided intelligence and insights that help customers make sound
trading and business decisions and enable commodity markets to perform with greater
transparency and efficiency.
Platts serves traders, risk managers, analysts and diverse private and public sector commodity
professionals in more than 150 countries through a global network of editorial and commercial
staff.
It has offices in more than 15 key cities, including major energy centers such as London,
Dubai, Singapore and Houston, and international business centers such as Sao Paulo, Shanghai
and New York, where its headquarters is located.
Platts publishes news, research, commentary, market data and analysis, and thousands of
daily price assessments which are widely used as benchmarks in the physical and futures
markets.
Its products and services include real-time news and price information; end-of-day market
data; newsletters and reports; geospatial data and maps; conferences; and a weekly television
program broadcast in select U.S. markets and online.
J.D. Power and Associates J.D. Power is a global marketing information
services company operating in key business sectors including customer satisfaction research,
market research, social media research, and performance improvement programs.
Established in 1968, J.D. Power has been listening to consumers and business customers; analyzing
their opinions and perceptions; and refining research techniques and study methodologies
to offer essential market intelligence in the form of product quality, customer satisfaction,
and tracking research available today.
The company's quality and satisfaction measurements are based on responses from millions of consumers
annually.
J.D. Power conducts work for a wide spectrum of industries around the world including automotive,
financial services, insurance, energy, and telecommunications.
Presidents of the company James H. McGraw
Johnathan Heflin James McGraw, Jr.
Curtis W. McGraw Donald C. McGraw
Shelton Fisher Harold McGraw, Jr.
Joseph Dionne Harold W. McGraw III
Douglas L. Peterson Acquisitions
During the course of its history, the McGraw-Hill Companies has expanded significantly through
acquisition, not just within the publishing industry but also into other areas such as
financial services and broadcasting.
Note that this list only includes acquisitions made by McGraw-Hill, not its subsidiaries.
McGraw-Hill typically does not release financial information regarding its acquisitions or
divestitures.
Partnerships McGraw-Hill has partnered with five other
higher-education publishers to create CourseSmart, a company developed to sell college textbooks
in eTextbook format on a common platform.
Books published by McGraw-Hill
See also: Category:McGraw-Hill books McGraw-Hill maintained a general publishing
division for some years, whose best known book was the Autobiography of Howard Hughes,
a fake biography of Howard Hughes by Clifford Irving, which caused a scandal at the time.
The McGraw-Hill Building
The McGraw-Hill Building in New York City has received prominent attention.
In April 2008, surveillance camera footage was released of Nicholas White, a production
manager for BusinessWeek who was trapped in the building's elevator for 41 hours in October
1999.
Connection to the family of George W. Bush The McGraws and the George W. Bush/George
H.W.
Bush family have close ties, going back generations.
According to McGraw-Hill, Barbara Bush is a member of their advisory board.
Their California Test Bureau division has provided testing material integral to No Child
Left Behind, a George W. Bush White House program.
McGraw-Hill Federal Credit Union The McGraw-Hill Federal Credit Union, established
in 1935, originally served employees of the McGraw-Hill companies in New York City only.
The credit union moved from its location inside the McGraw-Hill building to East Windsor,
New Jersey in 2005.
Its accounts are insured by the National Credit Union Administration.
It provides savings, checking accounts, CDs, money-market accounts, IRAs, credit cards,
auto loans, and home mortgages.
Awards In 1999, the National Building Museum presented
the McGraw-Hill Companies with its annual Honor Award for the corporation's contributions
to the built environment.
References
"Platts History".
Retrieved April 30, 2010 External links
Official website Digital Engineering Library
McGraw-Hill Construction Tata McGraw-Hill Official Online Store
Platts Energy, Metals & Petrochemicals Data Transcripts of The McGraw-Hill Companies'
Quarterly Conference Calls FBI files on McGraw Hill, hosted at the Internet
Archive: Part 1
Part 2