McGraw-Hill
Headquarters:
1221 Avenue of the Americas
New York, NY 10036
Phone: 212-512-2000
Employees: 20,000
CEO: Harold McGraw III
Stock Symbol: MHP
Website:
http://www.mcgraw-hill.com
Career Site
McGraw-Hill is a leading provider of financial
services, education and business information through leading
brands including Standard & Poor's, BusinessWeek, JD Power
and McGraw-Hill Education.
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 S&P 1200, the premier global equity performance benchmark;
the S&P 500, the premier U.S. portfolio index; and credit
ratings on more than 220,000 securities and funds worldwide.
Other businesses include credit market services and investment
services.
Business Week is the only weekly business
magazine in the U.S. and has a global circulation of over 1 million.
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.
The company also owns four ABC-affiliate
TV stations in Denver, San Diego, Bakersfield and Indianapolis.
McGraw-Hill is also a leading producer
of textbooks and multimedia material from pre-school to college
level. It is also a leading provider of reference and trade publishing
for the medical, business, engineering and other professions.
The company has over 280 offices in 40
countries.
The company's flagship magazine BusinessWeek
has been hurt by weak advertising and competition from the Internet.
Advertising pages for BusinessWeek's global print edition declined
by 21.8% in the fourth quarter and 18.2% for the year, according
to Publishers Information Bureau (PIB).
In 2007, the company reported revenues
of $6.8 billion and net income of $1.0 billion.
McGraw-Hill cut 172 positions from its
financial services division in the fourth quarter. Business Week
saw the loss of about 12 positions in December.
History
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.
Benefits
- 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
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