McGraw-Hill Education


McGraw-Hill is a learning math company and one of the "big three" educational publishers 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.
Formerly a division of The McGraw-Hill Companies, McGraw-Hill Education was divested and acquired by Apollo Global Management in March 2013 for $2.4 billion in cash.
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.
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.
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.
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.
In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.
In 2006, the McGraw hill companies launched Smartbook.
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. In 2010, the company acquired Saxon Math. In 2011, the company acquired Number Worlds.
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. This deal was approved by the FTC on October 31 and the FCC on November 29. The deal was completed on December 30, 2011.
On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division to Apollo Global Management for $2.5 billion. On March 22, 2013, the McGraw-Hill companies announced it had completed the sale and the proceeds were for $2.4 billion in cash.
In 2012, the company acquired Redbird Learning.
In 2013, the company acquired ALEKS. In 2014, the company acquired Glencoe Geometry. In 2014, McGraw-Hill Education India partnered with GreyCampus to promote Online Learning Courses among University Grants Commission- National eligibility Test Aspirants. In 2015, the company acquired Glencoe Math.
On June 30, 2015, McGraw-Hill Education announced that Data Recognition Corporation had agreed to acquire "key assets" of the CTB/McGraw-Hill assessment business. On July 13th, 2016, McGraw-Hill Education announced the integration of its McGraw-Hill Connect.
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 to Canadian educational publisher, Nelson. On May 1st, 2018, McGraw-Hill Education announced the 5-year student bundle with Redbird along with My Math.
On May 1, 2019, McGraw-Hill Education announced an agreement to merge with Cengage. The merged company is expected to retain McGraw-Hill as the corporate name. on May 1st, 2020, McGraw-Hill Education announced the merger to cut off.
In 2018, the company acquired My Math 2018.
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 is also established in Asia, Australia, Canada Europe, India, and Latin America. 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 and broadcasting. Many of these acquisitions stayed with McGraw-Hill after their acquisition by Apollo Global Management in 2013.
Date of acquisitionCompany acquiredIndustry
1920Newton Falls Paper Company-
1928A.W. Shaw CompanyPublisher of magazines and textbooks
1950sGregg CompanyPublisher of vocational textbooks
1953Companies of Warren C Platts, including PlattsPublisher of petroleum industry information
1954Blakiston, from DoubledayPublisher of medical textbooks
1961F.W. Dodge CorporationPublisher of construction industry information
1965California Test BureauDeveloper of educational testing systems
1966Standard & Poor'sFinancial Services
1966Shepard's CitationsLegal publisher
1968National Radio InstituteCorrespondence School
1970The Ryerson PressEducational and trade publishing
1972Television Stations of Time Life BroadcastingBroadcasting
1986The Economy CompanyEducational publishing
1988Random House Schools and CollegesEducational publishing
1993Macmillan/McGraw-Hill School Publishing Company including Glencoe and SRAEducational publishing
1996Times Mirror Higher Education including William C Brown, Richard D Irwin, Irwin Professional, Mosby College and Brown & BenchmarkEducational publishing
1997Micropal Group LimitedFinancial Services
1999Appleton & Lange from PearsonPublisher of medical information
2000Tribune Education, including NTC/Contemporary, Everyday Learning/Creative, Instructional Fair, Landoll, The Wright Group. American Education Publishing, Meeks Heit & Peter Bedrick BooksPublisher of supplementary educational materials
2000Mayfield Publishing CompanyPublisher of humanities and social science textbooks
2002Open University PressUniversity press - academic publications
2005J.D. Power & AssociatesMarketing information provider
2013Key CurriculumMath technology firm
2013ALEKSAdaptive learning firm
2014Area9 ApsAdaptive learning firm
2014EngradeLearning management system
2016Redbird Advanced Learning, formerly Education Program for Gifted YouthAdaptive learning firm

Presidents

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