Headquarters: 1221 Avenue of the Americas
New York, NY 10036
CEO: Harold McGraw III
Stock Symbol: MHP
McGraw-Hill is a powerhouse in credit ratings, benchmarks and analytics for the global capital and commodity markets. Leading brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week.
The company plans to change its name to McGraw-Hill Financial sometime this year after selling off its education business and streamlining operations.
Standard & Poor's is the world's leading provider of independent investment research, indexes and ratings. It is widely recognized for investment data and analysis that are used around the world by financial decision-makers to help create growth and manage wealth. Among its many products are the the S&P 500, the premier U.S. portfolio index and, globally, the S&P 1200; and credit ratings on more than 220,000 securities and funds worldwide. More than $1 trillion in assets around the world are directly tied to S&P indices, and more than $3.5 trillion in assets are benchmarked to them.
McGraw-Hill also publishes Aviation Week, a trade magazine for the aerospace and aviation industry, as well as publications for energy (Platts) and construction (McGraw-Hill Construction) industries. McGraw-Hill Construction serves more than one million customers in the $5.6 trillion global construction industry through Dodge, Sweets, Architectural Record, Engineering News-Record, GreenSource, and regional publications.
The company sold McGraw-Hill Education in March to Apollo Global Management for $2.4 billion in cash.
In 2012, the company reported revenues of $4.45 billion, a 13% increase, and net income of $492 million.
Founder James H. McGraw, a teacher in upstate New York, began working in publishing in 1884, and purchased the American Journal of Railway Appliances in 1888. At the same time, co-founder John A. Hill was working as an editor at Locomotive Engineer. Over the next 15 years, the two men pursued their separate careers specializing in technical and trade publications. In 1899, McGraw incorporated his publications under the heading of "The McGraw Publishing Company;" in 1902, John Hill followed with "The Hill Publishing Company."
The two men had crossed paths over the years and their mutual interest in science and technology led to an alliance in 1909. The book departments of the two publishing companies merged to form the McGraw-Hill Book Company. John Hill took the office of President; James McGraw became the company's Vice-President. The rest of the functions of the McGraw and Hill companies continued their separate existence, buying and expanding on numerous publications.
The partnership was developing well, but the sudden death of John A. Hill in 1916 was a blow to the growing company. Business continued despite the loss, with James McGraw taking over as Book Company President. In 1917, the remaining parts of the companies merged to form the McGraw-Hill Publishing Company, Inc. and moved into the Hill Building on Tenth Avenue in New York City. Much as the companies merged, some of the publications that duplicated each other merged as well-Hill's Engineering News and McGraw's Engineering Record became McGraw-Hill's Engineering News-Record.
The company sold BusinessWeek magazine in 2009 to Bloomberg after several money-losing years. The weekly publication was hurt by the growth of Internet news and declining advertising revenues. McGraw-Hill received about $10.5 million for BusinessWeek.
In 2011, the company sold nine TV stations it owned to E.W. Scripps for $212 million.
- Medical Coverage
- Prescription, Dental and Vision Coverage
- Flexible Spending Accounts
- Disability Coverage
- Life Insurance
- Long-term Care Insurance
- 401(k) Plan - The corporation matches the first 6% of your pre-tax contributions, as follows:
· The first 3% of pay that you contribute pre-tax is matched dollar for dollar.
· The next 3% of pay that you contribute pre-tax is matched at $0.50 on the dollar.
- Employee Assistance Plan - Professional counseling service
- Retiree Coverage - Healthcare benefits for retirees