McGraw-Hill
McGraw-Hill was an American publisher founded in 1909 and based in New York City . He was known for textbooks and school books and financial information services. In 2011 it was split into S&P Global and McGraw-Hill Education ( taken over by Apollo Global Management in 2012 ).
The publisher was 1909 from the merger of Hill Publishing, a specialized in publications in the field of technology publishing house of the former railroad engineer John A. Hill, and the McGraw Publishing Company founded in 1899 by James H. McGraw (1860-1948), whose publisher was also on Engineering and who had started out as a representative of the American Railway Publishing Company, a major competitor of Hill. Hill became president of the new society and was based in the McGraw Publishing House in New York City. The first book published in 1910 was called The art of engineering and the first book series was called Electrical Engineering Texts . In addition to books, they had a mainstay in their technical journals from which the publishers emerged. A closer merger took place in 1917 when McGraw became president after the death of John A. Hill (1916). The publisher benefited from the rapid technical development (partly as a result of the First World War) and covered all possible areas of engineering, so that after the war they were the largest technology publisher in the world. A College Department was added in 1927 and expanded in the 1920s by buying up publishers such as the Chicago AW Shaw Company in 1928, which opened business books for them, and opened branches in California and England. In 1929 they went public. In World War II, as in World War I, they profited from the demand for teaching materials for technicians and soldiers and from government contracts and expanded into Canada. The publication of educational films, which began in World War II, became another business area after the war.
In 1959 they had a turnover of $ 100 million. In 1961 they took over FW Dodge Verlag (which had its focus in the construction industry) and in 1963 the Webster Publishing Company, which they entered into the market for textbooks for elementary schools and high schools, which they expanded in 1965 with the acquisition of the California Test Bureau. With the takeover of Shepherd's Citations in 1966, they moved into the field of legal books and with the takeover of Standard & Poor's in the same year in the field of financial information services. In addition, international expansion continued. A driving force was Shelton Fischer, who became CEO in 1968 to succeed Donald McGraw. In 1980 sales exceeded the billion mark. In 1979, an attempt to take over was repelled by American Express . Under Joseph L. Dionne, a former history teacher who became CEO in 1983 and remained so until 1998, the group developed into an efficient information gathering and dissemination machine , as stated in a Forbes article by Suzanne Oliver about the publishing house in 1990. Even then, Dionne's vision was the digitization of the group and he pushed into the computer book market with the acquisition of Byte , Unixworld, LAN Times and Osborne Verlag. They also set up online services. In 1988 they acquired the college division of Random House and in 1989 they entered into a joint venture with Macmillan Publishers in the schoolbooks sector , which they took over entirely in 1993. In 1996 they took over the textbook publisher Open Court Publishing and they took over the Times Mirror Higher Education Group which made them the No. 1 in the college textbook market in the United States. In 2000, they acquired Tribune Education and became the leading supplier of K-12 textbooks in the United States.
In 1994 the company had sales of $ 2.8 billion and 2001 of $ 4.6 billion.
In 2011 the company was split into McGraw Hill Financial (from 2016 S&P Global ) and McGraw-Hill Education ( taken over by Apollo Global Management in 2012 ).
Works published in the 1950s included, for example, the McGraw-Hill Encyclopedia of Science and Technology , The Encyclopedia of World Art, and The New Catholic Encyclopedia . In 1967 they bought Schaum Publishing with the Schaum's Outlines series .
One of their most successful magazines was Business Week , founded in 1929 , which was sold to Bloomberg in 2009.