McGraw-Hill Companies
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|
| Public | |
| Traded as | : SPGI S&P 500 Component |
| Industry | Financial services |
| Founded | 1917 |
| Founders |
James H. McGraw John A. Hill |
| Headquarters | 55 Water Street New York City, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Douglas L. Peterson (President and CEO) |
| Products | Financial information and analytics |
| Revenue |
 US$ 4.9 billion (2013)
|
|
US$ 1.4 billion (2013)
|
|
|
US$ 1.5 billion (2013)
|
|
| Total assets |
 US$ 2.9 billion (2013)
|
| Total equity |
US$ 1.3 billion (2013)
|
|
Number of employees
|
17,000 (May, 2013) |
| Subsidiaries |
Standard & Poor's S&P Global Platts S&P Dow Jones Indices S&P Global Market Intelligence |
| Website | www.spglobal.com |
S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 McGraw Hill Companies) 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 S&P Global Ratings, S&P Global Market Intelligence, and S&P Global Platts, and is the majority owner of the S&P Dow Jones Indices joint venture.
The predecessor companies of S&P Global have history dating to 1888, when James H. McGraw purchased the American Journal of Railway Appliances. He continued to add further publications, eventually establishing The McGraw Publishing Company in 1899. 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. In 1917, the remaining parts of each business were merged into The McGraw-Hill Publishing Company In 1986, McGraw-Hill bought out competitor The Economy Company, then the United States' largest publisher of educational material. The buyout made McGraw-Hill the largest educational publisher in the United States.
In 1964, After Hill died, Merged both McGraw-Hill Publishing Company and McGraw-Hill Book Company into McGraw-Hill, Inc.
In 1979, McGraw-Hill purchased Byte magazine from its owner/publisher Virginia Williamson who then became a vice-president of McGraw-Hill.
In 1995, McGraw-Hill, Inc. became The McGraw-Hill Companies, Inc. as part of a corporate rebranding.
In 2007, McGraw-Hill launched an online study network, GradeGuru.com, which 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.
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