educational publishing company see mcgraw hill education . for other uses see mcgraw hill disambiguation . s & p global inc. type public traded as nyse spgi s & p 500 component industry financial services founded 1917 founders james h. mcgraw john a. hill headquarters 55 water street new york city u.s. 1 area served worldwide key people douglas l. peterson president and ceo products financial information and analytics revenue us 4.9 billion 2013 2 operating income us 1.4 billion 2013 2 net income us 1.5 billion 2013 2 total assets us 2.9 billion 2013 2 total equity us 1.3 billion 2013 2 number of employees 17 000 may 2013 3 subsidiaries standard & poor s j. d. power s & p global platts s & p dow jones indices s & p global market intelligence 3 website www.spglobal.com 1221 avenue of the americas former mcgraw hill headquarters s & p global inc. prior to april 2016 mcgraw hill financial inc. and prior to 2013 mcgraw hill companies is an american publicly traded corporation headquartered in new york city . its primary areas of business are financial information and analytics . it is the parent company of standard & poor s s & p global market intelligence s & p global platts j.d. power and associates and is the majority owner of the s & p dow jones indices joint venture . contents 1 corporate history 2 corporate organization 2.1 s & p global ratings 2.2 s & p global market intelligence 2.3 s & p dow jones indices 2.4 s & p global platts 3 presidents of the company 4 acquisitions 5 divestitures 6 books published by mcgraw hill 7 the mcgraw hill building 8 connection to the family of george w. bush 9 mcgraw hill federal credit union 10 awards 11 references 12 external links corporate history edit the predecessor companies of s & p global have history dating to 1888 when james h. mcgraw purchased the american journal of railway appliances . he continued to add further publications eventually establishing the mcgraw publishing company in 1899 . john a. hill had also produced several technical and trade publications and in 1902 formed his own business the hill publishing company . in 1909 both men having known each other s interests 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 . in 1917 the remaining parts of each business were merged into the mcgraw hill publishing company 4 in 1986 mcgraw hill bought out competitor the economy company then the united states largest publisher of educational material . the buyout made mcgraw hill the largest educational publisher in the united states . 5 in 1964 after hill died merged both mcgraw hill publishing company and mcgraw hill book company into mcgraw hill inc. in 1979 mcgraw hill purchased byte magazine from its owner publisher virginia williamson who then became a vice president of mcgraw hill . in 1995 mcgraw hill inc. became the mcgraw hill companies inc. as part of a corporate rebranding . 6 not in citation given in 2007 mcgraw hill launched an online study network gradeguru.com which gave mcgraw hill an opportunity to connect directly with its end users the students . the site closed on april 29 2012 . 7 8 9 10 on october 3 2011 mcgraw hill announced it was selling its entire television station group to the e. w. scripps company for 212 million . 11 the sale was completed on december 30 2011 . it had been involved in broadcasting since 1972 when it purchased four television stations from a division of time inc. mcgraw hill has produced the glencoe series of books for decades . on november 26 2012 mcgraw hill announced it was selling its entire education division to apollo global management for 2.5 billion . 12 on march 22 2013 it announced it had completed the sale and the proceeds were for 2.4 billion cash . 13 and name as mcgraw hill education . on may 1 2013 shareholders of mcgraw hill voted to change the company s name to mcgraw hill financial . 3 mcgraw hill divested the subsidiary mcgraw hill construction to symphony technology group for us 320 million on september 22 2014 . 14 the sale included engineering news record architectural record dodge and sweet s. 15 mcgraw hill construction has been renamed dodge data & analytics . 16 in february 2016 it was announced that mcgraw hill financial would change its name to s & p global inc. by the end of april 2016 . 17 the company officially changed its name following a shareholder vote on april 27 2016 . 18 in april 2016 the company announced it was selling j.d. power & associates to investment firm xio group for 1.1 billion . 19 corporate organization edit s & p global now organizes its businesses in four units based on the market in which they are involved . 20 s & p global ratings edit s & p global ratings provides independent investment research including ratings on various investment instruments . s & p global market intelligence edit s & p global market intelligence is a provider of multi asset class and real time data research and analytics to institutional investors investment and commercial banks investment advisors and wealth managers corporations and universities . s & p dow jones indices edit launched on july 2 2012 s & p dow jones indices is the world s largest global resource for index based concepts data and research . it produces the s & p 500 and the dow jones industrial average . 21 22 s & p dow jones indices calculates over 830 000 indices publishes benchmarks that provide the basis for 575 etfs globally with 387 billion in assets invested and serves as the dna for 1.5 trillion of the world s indexed assets . s & p global platts edit headquartered in london s & p global platts is a provider of information and a source of benchmark price assessments for the commodities energy petrochemicals metals and agriculture markets . it has offices in more than 15 cities including major energy centres such as london dubai singapore and houston and international business centres such as s o paulo shanghai and new york city . presidents of the company edit james h. mcgraw 1917 1928 johnathan heflin 1928 1948 james mcgraw jr. 1948 1950 curtis w. mcgraw 1950 1953 donald c. mcgraw 1953 1968 shelton fisher 1968 1974 harold mcgraw jr. 1974 1983 joseph dionne 1983 1998 harold w. mcgraw iii 1998 2013 douglas l. peterson 2013 present acquisitions edit during the course of its history mcgraw hill and from 2016 s & p global has expanded significantly through acquisition not just within the publishing industry but also into other areas such as financial services the purchase of standard & poor s in 1966 and broadcasting the 1972 acquisition of time life broadcasting . please note that the publishing and education assets are a part of mcgraw hill education from the company separation in 2013 . date of acquisition asset acquired industry 1920 newton falls paper company 23 1928 a.w. shaw company 23 publisher of magazines and textbooks 1950s gregg company 23 publisher of vocational textbooks 1953 companies of warren c. platts including platts 23 24 publisher of petroleum industry information 1961 f.w. dodge corporation 25 publisher of construction industry information 1965 california test bureau 23 developer of educational testing systems 1966 standard & poor s 25 financial services 1966 shepard s citations 26 legal publisher 1968 national radio institute correspondence school 1970 the ryerson press educational and trade publishing 1972 television stations of time life broadcasting 25 broadcasting 1986 the economy company 5 educational publishing 1988 random house schools and colleges 27 educational publishing 1996 times mirror higher education 28 educational publishing 1997 micropal group limited 29 financial services 1999 appleton & lange 30 publisher of medical information 2000 tribune education including ntc contemporary 31 publisher of supplementary educational materials 2002 open university press university press academic publications 2005 j.d. power & associates 32 marketing information provider 2015 snl financial 33 financial news note that this list only includes acquisitions made by mcgraw hill not its subsidiaries . mcgraw hill typically does not release financial information regarding its acquisitions or divestitures . divestitures edit after aquiring a portfolio of diverse companies mcgraw hill later divested itself of many units to form mcgraw hill financial which is now s & p global . date of divestiture asset relinquished industry 2011 television station group to the e. w. scripps company broadcasting 2013 mcgraw hill education to apollo global management publishing 2014 mcgraw hill construction to symphony technology group publishing 2016 j.d. power & associates to xio group marketing information provider note that this list only includes divestitures made by mcgraw hill not its subsidiaries . books published by mcgraw hill edit 2008 conference booth see also category mcgraw hill books mcgraw hill maintained a general publishing division for some years whose best known book was the unpublished autobiography of howard hughes a fake biography of howard hughes by clifford irving which caused a scandal at the time . the mcgraw hill building edit main article trapped in an elevator for 41 hours the company was based at 1221 avenue of the americas otherwise known as the mcgraw hill building until july 2015 . 1 the building in new york city has received prominent attention . in april 2008 surveillance camera footage was released of nicholas white a production manager for businessweek then published by mcgraw hill who was trapped in the building s elevator for 41 hours in october 1999 . 34 connection to the family of george w. bush edit the mcgraws and the george w. bush george h. w. bush family have close ties dating back several generations . according to mcgraw hill barbara bush is a member of its advisory board . 35 the california test bureau division has provided testing material integral to no child left behind a george w. bush initiative . 36 mcgraw hill federal credit union edit established in 1935 the mcgraw hill federal credit union originally served employees of the mcgraw hill companies in new york city only . 37 the credit union moved from its location inside the mcgraw hill building to east windsor new jersey in 2005 . its accounts are insured by the national credit union administration . it provides savings checking accounts cds money market accounts iras credit cards auto loans and home mortgages . awards edit in 1999 the national building museum presented the mcgraw hill companies with its annual honor award for the corporation s contributions to the built environment . 38 references edit a b mcgraw hill moves downtown says goodbye to namesake building . the wall street journal . retrieved 14 july 2015 . a b c d e mcgraw hill cos. . forbes . a b c news release mcgraw hill financial . investor.mhfi.com . retrieved 2013 10 30 . about us corporate history the foundation . retrieved may 26 2007 . a b tipton david 1986 07 03 . mcgraw hill buying the economy company . the journal record . access date requires url help about us corporate history the information age . retrieved may 26 2007 . nick desantis april 6 2012 . social studying network to close . chronicle of higher education . himeles sara . note sharing site lets students cash in on class notes . retrieved january 20 2009 . sharon . gradeguru notes sharing by students for students . retrieved may 9 2008 . fabel leah . growing number of web sites offer students money for class notes . retrieved february 5 2009 . mcgraw hill sells tv group to scripps tvnewscheck october 3 2011 . 1 new