McGraw Hill is an Americanlearning science company that provides educational content, software, and services for students and educators across various levels—fromK-12 tohigher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along withHoughton Mifflin Harcourt andPearson Education.[2][3] McGraw Hill also publishes reference andtrade publications for the medical, business, and engineering professions. Formerly a division of The McGraw Hill Companies (later renamed McGraw Hill Financial, nowS&P Global), McGraw Hill Education was divested and acquired byApollo Global Management in March 2013 for $2.4 billion in cash.[4][5][6][7][8] McGraw Hill was sold in 2021 toPlatinum Equity for $4.5 billion.[9]
McGraw-Hill logo used from 1971 to the late 1990s330 West 42nd Street, the former, long-time headquarters of McGraw Hill
McGraw Hill was founded in 1888, whenJames H. McGraw, co-founder of McGraw Hill, purchased theAmerican 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.[10] In 1909, the two co-founders formed an alliance and combined the book departments of their publishing companies into an incorporated company called The McGraw-Hill Book Company.[10] John Hill served as president, with James McGraw as vice-president. The remaining parts of each business were merged into The McGraw-Hill Publishing Company, Inc in 1917.[11] In 1946, McGraw-Hill founded an international division of the company.[10] It acquired Contemporary Films in 1972 and CRM in 1975. McGraw-Hill combined its films[12] in the CRM division in 1978. McGraw-Hill sold CRM in 1987.[13] In 1979, McGraw-Hill Publishing Company purchasedByte from its owner/publisherVirginia 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.[14] In 1988, Harold McGraw became chairman emeritus of McGraw Hill.[10] In 1989, McGraw-Hill formed a joint partnership withRobert Maxwell, forming second largest textbook publisher in the United States.[15] McGraw-Hill took full ownership of the venture in 1993. In 2004, The McGraw-Hill Companies sold its children's publishing unit to School Specialty.[16] 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. It allowed students to share notes and materials for cash or gift cards in return.[17] The site closed in April 2012.[18] On October 3, 2011, Scripps announced it was purchasing all seven television stations owned byThe McGraw-Hill Companies' broadcasting divisionMcGraw-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.[19] This deal was approved by theFTC on October 31[20] and theFCC on November 29.[21] The deal was completed on December 30, 2011.[22] On November 26, 2012, The McGraw-Hill Companies announced that it was selling its entire education division toApollo Global Management for $2.5 billion.[23] On March 22, 2013, McGraw Hill Education announced it had completed the sale and the proceeds were for $2.4 billion in cash.[24] In 2012, McGraw Hill acquired Redbird Learning[25] and in 2013, McGraw Hill acquiredALEKS.[26] In 2014, McGraw Hill Education India partnered with GreyCampus to promoteOnline Learning Courses amongUniversity Grants Commission- National eligibility Test Aspirants.[27]In 2014, McGraw Hill acquiredEngrade. On June 30, 2015, McGraw-Hill Education announced that Data Recognition Corporation (DRC) had agreed to acquire "key assets" of theCTB/McGraw-Hill assessment business.[28] In 2016, McGraw Hill acquiredEveryday Mathematics. In 2017, McGraw Hill acquired My Math. On May 11, 2017, McGraw-Hill Education announced the sale of the business holdings of McGraw-Hill Ryerson (Ryerson Press) to Canadian educational publisher Nelson.[29] In 2018, McGraw-Hill launches textbook rental program, adding to affordable options available for college students.[30] On January 17, 2019, McGraw Hill Education announced Reveal Math and Inspire Science, new curricula forK–12.[31] On May 1, 2019, McGraw-Hill Education announced an agreement to merge withCengage. The merged company was expected to retain McGraw Hill as the corporate name.[32][33] The merger was called off on May 1, 2020.[34] In 2019, McGraw Hill acquiredCore-Plus Mathematics Project. In 2020, McGraw Hill became a distributor for Illustrative Mathematics. In 2021, McGraw Hill acquiredKidaptive. McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion.[9]
The McGraw Hill Companies expanded significantly through acquisition, including financial services and broadcasting. Many acquisitions continued with McGraw Hill after their acquisition by Apollo Global Management in 2013.
In 1980, McGraw Hill paid the African American writer and civil rights activistJames Baldwin a $200,000 advance for his unfinished bookRemember This House, a memoir of his personal recollections of civil rights leadersMedgar Evers,Malcolm X andMartin Luther King Jr.[58] Following his death, McGraw Hill sued his estate to recover the advance they had paid him for the unfinished book. The lawsuit was dropped by McGraw Hill in 1990, citing a desire not to cause distress to Baldwin's family.[58]
In October 2015, McGraw-Hill Education was accused ofwhitewashing history after it published a caption in a geography textbook referring toAmerican slaves as "workers".[59] McGraw Hill issued an apology, updated the digital version of the materials, and offered schools replacement texts at no charge.[60] It has been linked to broader controversies about texts at theTexas Education Agency.[61]
McGraw Hill has been accused of using online access codes included with texts to prevent students from reselling used books.[62] During theCOVID-19 pandemic, when many students were studying remotely, McGraw Hill was accused ofprice gouging, in charging several times more forebooks than for print texts.[63]
^Mcafee, Melonyce (October 4, 2015)."McGraw-Hill to rewrite textbook after mom's complaint".CNN.Archived from the original on November 13, 2020. RetrievedOctober 5, 2015.Texas has been a battleground in the fight over changes to textbooks that some say concede too much ground to conservative viewpoints on subjects such as climate change, religious liberty and slavery.
$1.72 billion (2017)
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