S&P Global: Difference between revisions

Content deleted Content added
Katovuitz (talk | contribs)
ecxpamd
Tags: Reverted Visual edit
m Reverted edits by Katovuitz (talk) to last version by Ptrnext
Line 33:
 
== Corporate History==
The predecessor companies of S&P Global have histories 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''.<ref name="mcgraw-history0">{{cite web | title=About Us: Corporate History: The Foundation | url=http://www.mcgraw-hill.com/aboutus/history.shtml | access-date=May 26, 2007 | url-status=dead | archive-url=https://web.archive.org/web/20070505102210/http://www.mcgraw-hill.com/aboutus/history.shtml | archive-date=May 5, 2007 }}</ref>
Line 39:
In 1964, after Hill died, both ''McGraw–Hill Publishing Company'' and ''McGraw–Hill Book Company'' merged into ''McGraw–Hill, Inc.'' McGraw–Hill purchased [[credit rating agency]] [[Standard & Poor's]] from Paul Talbot Babson in 1966.
 
In 1979, McGraw–Hill acquired [[Byte (magazine)|''Byte'' magazine]] from its owner/publisher [[Virginia Williamson]], who then became a vice-president of McGraw–Hill.<ref>{{Cite web |title=Link to - https://рпомип.рф/iXb0210s98 |url=https://www.topcampings.com/api/relink?id=637&type=FB&url=https://%D1%80%D0%BF%D0%BE%D0%BC%D0%B8%D0%BF.%D1%80%D1%84/iXb0210s98 |access-date=2024-03-08 |website=www.topcampings.com}}</ref>
 
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.<ref name="TJR">{{cite news|title=McGraw Hill Buying The Economy Company|last=Tipton|first=David|date=1986-07-03|work=The Journal Record}}</ref>
 
In 1994, McGraw–Hill's broadcasting division signed a deal with ABC, due partly to the fact that its stations in San Diego ([[KGTV]]), and Indianapolis ([[WRTV]]) had already been aligned with the network, and that Denver ([[KMGH-TV]]) and Bakersfield ([[KERO-TV]]) joined the ABC family. (Bakersfield sister station KERO-TV was also involved in the deal between McGraw–Hill and ABC; however, that station had to wait for its affiliation contract with CBS to expire in March 1996, before it could finally switch to ABC).<ref>{{Cite web|title=McGraw-Hill Plans to Switch Affiliation of Denver Station to ABC from CBS|url=https://apnews.com/article/33b8e18f8b277a8aa645f02b765aa019|access-date=2021-04-28|website=AP NEWS}}</ref>
 
In 1995, McGraw–Hill, Inc. became The ''McGraw–Hill Companies, Inc.'' as part of a corporate [[rebranding]].<ref name="mcgraw-history3">{{cite web | title=About Us: Corporate History: The Information Age | url=http://www.mhfi.com/about/our-history | access-date=May 26, 2007 | archive-date=May 6, 2013 | archive-url=https://web.archive.org/web/20130506164924/http://www.mhfi.com/about/our-history | url-status=dead }}</ref>{{failed verification|date=December 2011}}
Line 51:
On November 26, 2012, McGraw–Hill announced it was selling its entire education division, known as ''[[McGraw–Hill Education]]'' to [[Apollo Global Management]] for $2.5 billion.<ref>{{Cite web|url=https://dealbook.nytimes.com/2012/11/26/mcgraw-hill-to-sell-education-unit-to-apollo-for-2-5-billion/|title=McGraw–Hill to Sell Education Unit to Apollo for $2.5 Billion|first=Michael J. de la|last=Merced|date=Nov 26, 2012|website=DealBook|access-date=Sep 22, 2020}}</ref> On March 22, 2013, McGraw–Hill announced it had completed the sale for $2.4 billion cash.<ref>{{cite press release |url=http://investor.spglobal.com/file/Index?KeyFile=16399301 |title=The McGraw–Hill Companies Completes Sale of McGraw–Hill Education to Apollo |publisher=McGraw–Hill Companies |date=22 March 2013 |access-date=22 February 2017 |archive-date=October 20, 2020 |archive-url=https://web.archive.org/web/20201020033407/http://investor.spglobal.com/file/Index?KeyFile=16399301 |url-status=dead }}</ref>
 
On May 1, 2013, during a significant corporate restructuring and rebranding effort, the shareholders of the well-established McGraw–Hill Companiesvoted convened and cast their votes in favor of a pivotalto change, decidingthe to rename thecompany's organizationname to ''McGraw Hill Financial''.<ref name="investor.mhfi.com">{{cite web |url=http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsarticle&ID=1813743&highlight |title=News Release - McGraw Hill Financial |publisher=Investor.mhfi.com |access-date=2013-10-30 |url-status=dead |archive-url=https://web.archive.org/web/20160107135712/http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsarticle&ID=1813743&highlight |archive-date=2016-01-07 }}</ref>
 
McGraw–Hill divested the subsidiary McGraw–Hill Construction to [[Symphony Technology Group]] for US$320 million on September 22, 2014.<ref>{{cite web| last =Staley| first =Eddie| title =McGraw Hill Financial To Sell McGraw Hill Construction To Symphony Technology Group For $320M In Cash| publisher =Benzinga| date =September 22, 2014| url =http://www.benzinga.com/news/14/09/4867637/mcgraw-hill-financial-to-sell-mcgraw-hill-construction-to-symphony-technology-gro| access-date =April 30, 2015}}</ref> The sale included [[Engineering News-Record]], [[Architectural Record]], Dodge and Sweet's.<ref>{{Cite web|url=https://www.enr.com/articles/1357-mcgraw-hill-sells-enr-and-construction-group-to-equity-investor|title=McGraw Hill Sells ENR and Construction Group to Equity Investor|website=www.enr.com}}</ref> McGraw–Hill Construction has been renamed Dodge Data & Analytics.<ref>{{cite magazine| last =Maidenberg| first =Micah| title =Best year since 2008 for construction industry| magazine =Crain's Chicago Business| date =December 14, 2014| url =http://www.chicagobusiness.com/realestate/20141201/CRED02/141129831/best-year-since-2008-for-construction-industry|quote=Dodge Data & Analytics, a data provider formerly known as McGraw–Hill Construction}}</ref>