, the former, long-time headquarters of McGraw Hill McGraw Hill was founded in 1888, when
James H. McGraw, co-founder of McGraw Hill, 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 co-founders formed an alliance and combined the book departments of their publishing companies into an incorporated company called The McGraw-Hill Book Company. In 1946, McGraw-Hill founded an international division of the company. 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, Harold McGraw became chairman emeritus of McGraw Hill. In 1989, McGraw-Hill formed a joint partnership with
Robert Maxwell, forming the second largest textbook publisher in the United States. 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. 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. The site closed in April 2012. 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 that it was selling its entire education division to
Apollo Global Management for $2.5 billion. On March 22, 2013, McGraw Hill Education announced it had completed the sale and the proceeds were for $2.4 billion in cash. In 2012, McGraw Hill acquired Redbird Learning and in 2013, McGraw Hill acquired
ALEKS. In 2014, McGraw Hill Education India partnered with GreyCampus to promote
Online Learning Courses among
University Grants Commission- National eligibility Test Aspirants. In 2014, McGraw Hill acquired
Engrade. On June 30, 2015, McGraw-Hill Education announced that Data Recognition Corporation (DRC) had agreed to acquire "key assets" of the
CTB/McGraw-Hill assessment business. In 2016, McGraw Hill acquired
Everyday 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. In 2018, McGraw-Hill launches textbook rental program, adding to affordable options available for college students. On January 17, 2019, McGraw Hill Education announced Reveal Math and Inspire Science, new curricula for
K–12. On May 1, 2019, McGraw-Hill Education announced an agreement to merge with
Cengage Group. The merged company was expected to retain McGraw Hill as the corporate name. The merger was called off on May 1, 2020. In 2019, McGraw Hill acquired
Core-Plus Mathematics Project. In 2020, McGraw Hill became a distributor for Illustrative Mathematics. In 2021, McGraw Hill acquired
Kidaptive. McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion. ==Acquisitions==