McGraw Hill history

In 1902, he incorporated Hill Publishing Company, going on to acquire Power, Engineering and Mining Journal, and Engineering News.

In 1909, Edward Caldwell and Martin M. Foss, the respective heads of the book departments of the two firms, agreed that a merger would serve both companies well.

By 1910 the McGraw-Hill Book Company had established itself with its first publication, The Art of Engineering, and its first series, Electrical Engineering Texts.

A more complete merger of the McGraw and Hill interests came in 1916 when John A. Hill died at the age of 57.

1917 – McGraw and Hill’s companies merge to form the McGraw-Hill Publishing Company, Inc., with James H. McGraw as president.

The publisher also grew through acquisition during the 1920s, purchasing the Newton Falls Paper Co. in 1920.

Then, in 1925, McGraw turned over the presidency of the book company to Edward Caldwell, who was succeeded by Martin M. Foss the next year.

With the addition of a series designed for educational use, McGraw-Hill formed a college department in 1927, thus establishing a lasting emphasis on textbooks.

With the purchase of the A.W. Shaw Company of Chicago in 1928, McGraw-Hill extended its reach into the field of business books and magazines.

McGraw-Hill stock was first traded publicly in 1929.

Established in 1930, it concentrated on mechanical arts, agriculture, and home economics.

When first occupied in 1931, Big Green included a complete production plant taking up four floors.

By 1937, the company had an annual profit of more than $1 million.

By 1943, the book company had published 231 titles for the Engineering and Science Management War Training Program.

In 1945, to provide its magazines with international coverage, the company started the World News Service.

What proved by far to be the most important division for company progress in the postwar period was the international division, established in 1946.

Consisting of the voluminous collection of original manuscripts of the 18th-century Scottish author collected by Colonel Ralph H. Isham, the project was guided through negotiations with its purchaser, Yale University, by Edward Aswell, Whittlesey House’s editor-in-chief since 1947.

By the time its cofounder, James H. McGraw, died in 1948 at age 87, McGraw-Hill Publishing was well on its way to developing a departmentalized organizational structure.

Another milestone, this one commercial, proved to be the publication in 1950 of Betty Crocker’s Picture Cook Book, which achieved sales of more than 235,000 copies in its first two years.

1953 – The forerunners of Platts join McGraw-Hill.

By the time its cofounder, James H. McGraw, died in 1948 at age 87, McGraw-Hill Publishing was well on its way to developing a departmentalized organizational structure. It was not until 1954, when it acquired Blakiston Company from Doubleday, which specialized in medical titles, that McGraw-Hill began to have a major share of the medical market under the newly named Blakiston division.

When in 1959 the publishing company commemorated its 50th year, revenues exceeded $100 million.

The purchase of Webster Publishing Company in 1963 marked the company’s entry into the elementary school and high school textbook markets.

In 1964, the book company and the F.W. Dodge Corporation merged with McGraw-Hill Publishing Company to form McGraw-Hill, Inc.

With the acquisition of the California Test Bureau in 1965, McGraw-Hill strengthened its K-12 educational services just in time to benefit from the postwar baby boom.

1966 – Standard & Poor’s is acquired.

The company also expanded into Mexico in ‘67 and into Japan in 1969.

In 1978 total operating revenues amounted to more than $761 million.

Holt, Donald D., “The Unlikely Hero of McGraw-Hill,” Fortune, May 21, 1979.

Total operating revenues amounted to more than $761 million, crossing the $1 billion threshold in 1980.

In 1985, Dionne created 20 market-focused business units.

American Machinist & Automated Manufacturing, Coal Age, and Engineering & Mining Journal were sold in 1987.

1988 The Book Company acquires the school and college division of Random House, Inc.

In 1990 a new electronic textbook publishing system was implemented, allowing teachers to custom design textbooks with the results printed, bound, and shipped within 48 hours.

McGraw-Hill’s most famous periodical, Business Week, experienced a phenomenal year in 1995 with exceptional circulation (one million-plus with a readership of nearly seven million) and pumped up advertising volume and revenue.

For the first nine months of 1996, McGraw-Hill was looking good as net income grew by 8.8 percent and overall revenue increased by 2.7 percent to $2.2 billion, making it an easy assumption that the conglomerate would top $3 billion by year’s end.

When CEO Joe Dionne retired in 1998, he could look back on a 15-year record of innovation and growth.

2000 McGraw Hill expands its presence in both the PreK-12 and higher education markets through the acquisition of Tribune Education.

With sales of $4.6 billion in 2001, McGraw-Hill stood as America’s top K-12 education publisher and led the world in financial analyses and risk assessments though its Standard & Poor’s financial services.

2004 – Standard & Poor’s acquires Capital IQ, a provider of research, data and analytics to investment professionals.

2005 – J.D. Power, a name trusted by companies and consumers, joins the Company.

2009 McGraw Hill Connect® launches; an all-digital teaching and learning exchange for higher education.

2011 – McGraw-Hill announces its Growth and Value Plan, which includes the creation of two companies: McGraw Hill Financial and McGraw-Hill Education.

2012 – The Company launches S&P Dow Jones Indices, the world’s largest provider of financial market indices, in a joint venture with CME Group.

McGraw Hill Financial was created in 2013 after the sale of McGraw-Hill Education to Apollo Global Management, LLC.

February 2016 – McGraw–Hill announced that McGraw–Hill Financial would change its name to S&P Global Inc.

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