McGraw-Hill Education

McGraw-Hill is an American learning math company and one of the "big three" educational publishers[1][2] 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.

For the business and financial information company previously known as McGraw Hill Financial, see S&P Global.

McGraw-Hill
The branded McGraw-Hill logo as of 2019
Founded1888
FounderJames H. McGraw
John A. Hill
Country of originUnited States
Headquarters location2 Pennsylvania Plaza
New York City
Key peopleSimon Allen
Publication typesAdaptive learning technology, Educational software, eBooks, Apps, Platform services, curriculum, and Books
Revenue $1.72 billion (2017)
Owner(s)Apollo Global Management
No. of employees5,000+
Official websitewww.mheducation.com

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.[3][4][5][6][7]

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.[8]

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.[9]

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.[10]

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.[11]

In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.[12]

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.[13]

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.[14] This deal was approved by the FTC on October 31[15] and the FCC on November 29.[16] The deal was completed on December 30, 2011.[17]

On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division to Apollo Global Management for $2.5 billion.[18] On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion in cash.[19]

In 2012, the company acquired Redbird Learning.[20]

In 2013, the company acquired ALEKS.[21]

In 2014, McGraw Hill Education India partnered with GreyCampus to promote Online Learning Courses among University Grants Commission- National eligibility Test Aspirants.[22]

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.[23]

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.[24]

On May 1, 2019, the company announced an agreement to merge with Cengage. The merged company is expected to retain McGraw-Hill as the corporate name.[25][26] The merger was called off on 1st May 2020. [27]

In 2019, the company acquired Core-Plus Mathematics Project.

In 2020, the company acquired 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.

Date of acquisition Company acquired Industry
1920 Newton Falls Paper Company[28] -
1928 A.W. Shaw Company[28] Publisher of magazines and textbooks
1950s Gregg Company[28] Publisher of vocational textbooks
1953 Companies of Warren C Platts, including Platts[28][29] Publisher of petroleum industry information
1954 Blakiston, from Doubleday[30] Publisher of medical textbooks
1961 F.W. Dodge Corporation[31] Publisher of construction industry information
1965 California Test Bureau[28] Developer of educational testing systems
1966 Standard & Poor's[31] Financial Services
1966 Shepard's Citations[32] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[31] Broadcasting
1986 The Economy Company Educational publishing
1988 Random House Schools and Colleges[33] Educational publishing
1993 Macmillan/McGraw-Hill School Publishing Company including Glencoe and SRA[34] Educational publishing
1996 Times Mirror Higher Education including William C Brown, Richard D Irwin, Irwin Professional, Mosby College and Brown & Benchmark [35] Educational publishing
1997 Micropal Group Limited[36] Financial Services
1999 Appleton & Lange from Pearson[37] 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[38] Publisher of supplementary educational materials
2000 Mayfield Publishing Company[39] Publisher of humanities and social science textbooks
2002 Open University Press University press - academic publications
2005 J.D. Power & Associates[40] Marketing information provider
2013 Key Curriculum[41] Math technology firm
2013 ALEKS[42] Adaptive learning firm
2014 Area9 Aps[43] Adaptive learning firm
2014 Engrade[44] Learning management system
2016 Redbird Advanced Learning, formerly Education Program for Gifted Youth[45] Adaptive learning firm

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.[46] 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".[47] The company quickly apologized, updated the digital version of the materials, and offered schools replacement texts at no charge.[48] Since the controversy began in Houston, it has been linked to broader controversies about conservative texts at the Texas Education Agency.[49]

gollark: Nobody wanted to still be allowed to in "exceptional circumstances", but we decided that in any circumstance which actually was very exceptional he should not be concerned about being banned from a discord server.
gollark: The staff team has roughly converged on "no extensive information gathering", which is roughly what the rule is.
gollark: I mean, the nobody thing was mostly a misunderstanding and he did not actually violate the rules *as we have now*.
gollark: That seems like a weird analogy.
gollark: Probably.

See also

References
  1. Davis, Michelle R. "'Big Three' Publishers Rethink K-12 Strategies". Education Week. Retrieved March 25, 2014.
  2. Noonoo, Stephen. "How 'Big Three' Publishers Are Approaching iPad Textbooks". THE Journal. Retrieved March 25, 2014.
  3. "McGraw-Hill Financial 2013 Annual Report" (PDF). Archived from the original (PDF) on May 31, 2016.
  4. Henry, David. "McGraw-Hill sells textbook unit to private equity". Reuters. Retrieved March 25, 2014.
  5. "McGraw-Hill completes sale of education division". Businessweek. March 22, 2013. Retrieved March 25, 2014.
  6. "McGraw-Hill Sells Education Unit To Apollo: Bellwether For Educational Publishing?". Forbes. November 28, 2012. Retrieved March 25, 2014.
  7. Robinson, Matt (March 22, 2013). "McGraw-Hill Closes $2.4 Billion Education Unit Sale to Apollo". Bloomberg. Retrieved March 25, 2014.
  8. "About Us: Corporate History: The Foundation". Archived from the original on May 5, 2007. Retrieved May 26, 2007.
  9. Alexander, Geoff (2010). Academic Films for the Classroom: A History. Jefferson: McFarland & Co. pp. 109–110. ISBN 9780786458707. OCLC 601049093. Retrieved March 14, 2019.
  10. Tipton, David (July 3, 1986). "McGraw Hill Buying The Economy Company". The Journal Record.
  11. "About Us: Corporate History: The Information Age". Archived from the original on January 2, 2010. Retrieved May 26, 2007.
  12. "School Specialty Buys McGraw-Hill Titles". Chief Marketer. November 30, 2001. Retrieved November 21, 2018.
  13. "McGraw-Hill Education Reimagines Math and Science Instruction with Two New Curricula, Reveal Math and Inspire Science".
  14. McGraw-Hill Sells TV Group To Scripps, TVNewsCheck, October 3, 2011.
  15. "FTC OK With Scripps/McGraw-Hill". Broadcastingcable.com. Retrieved July 18, 2018.
  17. "Scripps completes McGraw-Hill Stations Buy". TVNewsCheck. NewsCheck Media. December 30, 2011. Archived from the original on September 13, 2012. Retrieved December 31, 2011.
  18. "McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion", New York Times, November 26, 2012.
  19. "The McGraw-Hill Companies completes sale of McGraw-Hill Education to Apollo" (Press release). McGraw Hill Companies. March 22, 2013. Retrieved February 22, 2017.
  20. "McGraw-Hill Acquires Redbird Advanced Learning, A Digital Personalized Learning Provider for K".
  21. "McGraw-Hill Agrees to Acquire ALEKS Corporation, Developer of Adaptive Learning Technology for K-12 and Higher Education".
  22. "McGraw Hill-GreyCampus Partnership".
  23. "Data Recognition Corporation (DRC) Announces Agreement To Acquire Key Assets of the CTB Assessment Business of McGraw-Hill Education".
  24. "NELSON Acquires McGraw-Hill Ryerson's K-12 Business Becoming the Largest Canadian-Operated Publisher". www.nelson.com.
  25. "Cengage and McGraw-Hill merge | Inside Higher Ed". www.insidehighered.com. Retrieved June 18, 2019.
  26. "McGraw-Hill, Cengage Agree to Merge". Publishers Weekly. Retrieved July 8, 2019.
  27. https://www.bloomberg.com/news/articles/2020-05-04/mcgraw-hill-cengage-jointly-agree-to-terminate-planned-merger
  28. "About Us: Corporate History: Development". Archived from the original on August 7, 2007. Retrieved May 26, 2007.
  29. "Platts History". Archived from the original on May 2, 2007. Retrieved May 26, 2007.
  30. "BLAKISTON BOOKS SOLD; McGraw-Hill Acquires Medical Subsidiary of Doubleday". The New York Times. October 18, 1954. ISSN 0362-4331. Retrieved November 10, 2019.
  31. "About Us: Corporate History: Expansion". Archived from the original on March 29, 2010. Retrieved May 26, 2007.
  32. "The McGraw-Hill Companies Timeline". Retrieved August 23, 2014.
  33. Edwin McDowell (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times.
  34. News, Bloomberg (August 27, 1993). "COMPANY NEWS; McGRAW-HILL TO BUY STAKE IN SCHOOLBOOK PUBLISHER". The New York Times. Retrieved March 24, 2018.
  35. Iver Peterson (July 4, 1996). "Times Mirror in Two Deals To Bolster Legal Publisher". The New York Times. Retrieved September 1, 2009.
  36. "The McGraw-Hill Companies to Acquire Micropal". Retrieved May 26, 2007.
  37. "The McGraw-Hill Companies Completes Acquisition of Appleton & Lange". Archived from the original on January 3, 2013. Retrieved May 26, 2007.
  38. "The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position". Archived from the original on July 17, 2012. Retrieved May 26, 2007.
  39. "McGraw-Hill to Acquire Mayfield Publishing Company". Publishing Executive. Retrieved November 11, 2019.
  40. "The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates". Archived from the original on January 3, 2013. Retrieved May 26, 2007.
  41. "McGraw-Hill Acquires Math Technology Company Key Curriculum". Retrieved June 18, 2014.
  42. "McGraw-Hill Education Agrees to Buy Adaptive Learning Technology Firm". Retrieved June 18, 2014.
  43. "McGraw-Hill Acquires Adaptive Learning Company". Retrieved June 18, 2014.
  44. "McGraw-Hill Buys Engrade For ~$50M As It Moves Away From Textbooks, Towards A Future Of SaaS". Retrieved June 18, 2014.
  45. "McGraw-Hill Education Acquires Redbird Advanced Learning, A Digital Personalized Learning Provider for K-12". Retrieved September 30, 2016.
  46. "McGraw-Hill Drops Baldwin Suit". The New York Times, May 19, 1990.
  47. Basu, Tanya (October 4, 2015). "Textbook Company to Update Description of Slaves as 'Workers' After Criticism". Time. Retrieved October 5, 2015.
  48. Hauser, Christine (October 5, 2015). "Publisher Promises Revisions After Textbook Refers to African Slaves as 'Workers'". The New York Times. Retrieved October 5, 2015.
  49. Mcafee, Melonyce (October 4, 2015). "McGraw-Hill to rewrite textbook after mom's complaint". CNN. Retrieved October 5, 2015. 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.

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