S&P Global: Difference between revisions

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== Corporate history==
== 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''<!-- The S&P Global Ratings article claims that its history goes back to 1860 -->. 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> McGraw Hill founded Business Week magazine in 1929.
The predecessor companies of S&P Global have histories dating to 1888, when [[James H. McGraw]] purchased the ''American Journal of Railway Appliances''<!-- The S&P Global Ratings article claims that its history goes back to 1860 -->. 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>


In 2009, McGraw Hill Cos. sold Business Week to Bloomberg L.P. 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. 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}}
In 2009, McGraw Hill Cos. sold Business Week to Bloomberg L.P. 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. 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>


On October 3, 2011, McGraw–Hill announced it was selling its entire television station group to the [[E. W. Scripps Company]] for $212 million.<ref>[http://www.tvnewscheck.com/article/2011/10/03/54440/mcgrawhill-sells-tv-group-to-scripps "McGraw–Hill Sells TV Group To Scripps"], ''TVNewsCheck'', October 3, 2011.</ref> 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.]] The sale included McGraw–Hill Broadcasting's stations [[KERO-TV]] and [[KZKC-LD|KZKC-LP]] [[Bakersfield, California|Bakersfield]]; [[KGTV]] and [[KZSD-LP]] [[San Diego, California|San Diego]]; [[KZCS-LD|KZCS-LP]] [[Colorado Springs, Colorado|Colorado Springs]]; flagship station [[KMGH-TV]] and [[KZCO-LD]] [[Denver, Colorado|Denver]]; [[KZFC-LD|KZFC-LP]] [[Fort Collins, Colorado|Fort Collins]]; and [[WRTV]] [[Indianapolis]]. 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, shareholders of McGraw–Hill voted to change the company's name 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>
On October 3, 2011, McGraw–Hill announced it was selling its entire television station group to the [[E. W. Scripps Company]] for $212 million.<ref>[http://www.tvnewscheck.com/article/2011/10/03/54440/mcgrawhill-sells-tv-group-to-scripps "McGraw–Hill Sells TV Group To Scripps"], ''TVNewsCheck'', October 3, 2011.</ref> 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.]] The sale included McGraw–Hill Broadcasting's stations [[KERO-TV]] and [[KZKC-LD|KZKC-LP]] [[Bakersfield, California|Bakersfield]]; [[KGTV]] and [[KZSD-LP]] [[San Diego, California|San Diego]]; [[KZCS-LD|KZCS-LP]] [[Colorado Springs, Colorado|Colorado Springs]]; flagship station [[KMGH-TV]] and [[KZCO-LD]] [[Denver, Colorado|Denver]]; [[KZFC-LD|KZFC-LP]] [[Fort Collins, Colorado|Fort Collins]]; and [[WRTV]] [[Indianapolis]]. 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, shareholders of McGraw–Hill voted to change the company's name 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>


In February 2016, McGraw–Hill announced that McGraw–Hill Financial would change its name to ''S&P Global Inc.'' by the end of April 2016.<ref>{{cite web| title=McGraw Hill Financial to be renamed 'S&P Global'| website =fastFT| publisher =[[The Financial Times]]| date =February 4, 2016| url =http://www.ft.com/fastft/2016/02/04/mcgraw-hill-financial-renamed-sp-global/| access-date =April 26, 2016}}</ref> McGraw Hill Financial officially changed its name following a shareholder vote on April 27, 2016.<ref>{{cite web| title =McGraw Hill Financial Changes Name to S&P Global Inc.| date =April 27, 2016| url =http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=2162233| access-date =May 12, 2016| url-status =dead| archive-url =http://webarchive.loc.gov/all/20160513041737/http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=2162233| archive-date =May 13, 2016}}</ref> In April 2016, McGraw–Hill announced that it was selling [[J.D. Power and Associates]] to investment firm XIO Group for $1.1 billion.<ref>{{cite news| last =Beckerman| first =Josh| title=McGraw Hill Financial to Sell J.D. Power for $1.1 Billion| newspaper =[[The Wall Street Journal]]| date =April 15, 2016| url =https://www.wsj.com/articles/mcgraw-hill-financial-to-sell-j-d-power-for-1-1-billion-1460753381| access-date =April 26, 2016}}</ref> On August 3, 2020, S&P Global Platts launched S&P Global Platts Analytics fundamental oil information on the redesigned S&P Global Platts Developer Platform. The Platts Developer Platform offers customers with quick exposure to product price databases, business statistics and insights at the pace of market changes.<ref>{{Cite web|date=3 August 2020|title=S&P Global Platts Launches Oil Fundamental Data APIs to Digitize Commodity Markets|url=https://www.prnewswire.com/news-releases/sp-global-platts-launches-oil-fundamental-data-apis-to-digitize-commodity-markets-301104257.html|access-date=4 August 2020|website=Cision PR Newswire}}</ref> In November 2020, S&P Global agreed to acquire [[IHS Markit]] analytics company in a $44 billion transaction.<ref>{{Cite web|last=|first=|date=30 November 2020|title=S&P Global to buy IHS Markit in $44bn deal|url=https://www.ft.com/content/fb040ea4-868d-4491-8c13-8169b97255d5|access-date=14 December 2020|website=Financial Times}}</ref><ref>{{Cite news|last=|first=|date=30 November 2020|title=S&P Global Agrees to Buy IHS Markit for About $44 Billion|url=https://www.wsj.com/articles/s-p-global-in-advanced-talks-to-buy-ihs-markit-for-about-44-billion-11606697244|access-date=14 December 2020|website=The Wall Street Journal}}</ref> In 2023, S&P sold the former IHS engineering operations to [[KKR & Co]], which rebranded IHS as [[Accuris]].
In February 2016, McGraw–Hill announced that McGraw–Hill Financial would change its name to ''S&P Global Inc.'' by the end of April 2016.<ref>{{cite web| title=McGraw Hill Financial to be renamed 'S&P Global'| website =fastFT| publisher =[[The Financial Times]]| date =February 4, 2016| url =http://www.ft.com/fastft/2016/02/04/mcgraw-hill-financial-renamed-sp-global/| access-date =April 26, 2016}}</ref> McGraw Hill Financial officially changed its name following a shareholder vote on April 27, 2016.<ref>{{cite web| title =McGraw Hill Financial Changes Name to S&P Global Inc.| date =April 27, 2016| url =http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=2162233| access-date =May 12, 2016| url-status =dead| archive-url =http://webarchive.loc.gov/all/20160513041737/http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-newsArticle&ID=2162233| archive-date =May 13, 2016}}</ref> In April 2016, McGraw–Hill announced that it was selling [[J.D. Power and Associates]] to investment firm XIO Group for $1.1 billion.<ref>{{cite news| last =Beckerman| first =Josh| title=McGraw Hill Financial to Sell J.D. Power for $1.1 Billion| newspaper =[[The Wall Street Journal]]| date =April 15, 2016| url =https://www.wsj.com/articles/mcgraw-hill-financial-to-sell-j-d-power-for-1-1-billion-1460753381| access-date =April 26, 2016}}</ref> On August 3, 2020, S&P Global Platts launched S&P Global Platts Analytics fundamental oil information on the redesigned S&P Global Platts Developer Platform. The Platts Developer Platform offers customers with quick exposure to product price databases, business statistics and insights at the pace of market changes.<ref>{{Cite web|date=3 August 2020|title=S&P Global Platts Launches Oil Fundamental Data APIs to Digitize Commodity Markets|url=https://www.prnewswire.com/news-releases/sp-global-platts-launches-oil-fundamental-data-apis-to-digitize-commodity-markets-301104257.html|access-date=4 August 2020|website=Cision PR Newswire}}</ref> In November 2020, S&P Global agreed to acquire [[IHS Markit]] analytics company in a $44 billion transaction.<ref>{{Cite web|last=|first=|date=30 November 2020|title=S&P Global to buy IHS Markit in $44bn deal|url=https://www.ft.com/content/fb040ea4-868d-4491-8c13-8169b97255d5|access-date=14 December 2020|website=Financial Times}}</ref><ref>{{Cite news|last=|first=|date=30 November 2020|title=S&P Global Agrees to Buy IHS Markit for About $44 Billion|url=https://www.wsj.com/articles/s-p-global-in-advanced-talks-to-buy-ihs-markit-for-about-44-billion-11606697244|access-date=14 December 2020|website=The Wall Street Journal}}</ref> In 2023, S&P sold the former IHS engineering operations to [[KKR & Co]], which rebranded IHS as [[Accuris]].<ref>{{Cite web |title=KKR Acquires Accuris {{!}} Mergr M&A Deal Summary |url=https://mergr.com/transaction/kkr-acquires-accuris |access-date=2025-06-29 |website=mergr.com}}</ref>


==Corporate organization==
==Corporate organization==
S&P Global organizes its businesses in six units based on the market in which they are involved.<ref name=Merger>{{Cite web|url=https://www.spglobal.com/en/merger/|title=S&P Global & IHS Markit merger|website=S&P Global}}</ref>
S&P Global organizes its businesses in six units, based on the market in which they are involved:<ref name=Merger>{{Cite web|url=https://www.spglobal.com/en/merger/|title=S&P Global & IHS Markit merger|website=S&P Global}}</ref>


===S&P Global Ratings===
===S&P Global Ratings===
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===S&P Dow Jones Indices===
===S&P Dow Jones Indices===
Launched on July 2, 2012, [[S&P Dow Jones Indices]] is the world's largest global resource for index-based concepts, data, and research.<ref>{{Cite web |last=Rooney |first=Ben |title=Stocks end mixed after late-day recovery |url=https://money.cnn.com/2012/07/02/investing/stocks-markets/index.htm |access-date=2024-10-25 |website=CNNMoney}}</ref> It produces the [[S&P 500]] and the [[Dow Jones Industrial Average]].<ref>{{cite news | url=https://www.bloomberg.com/news/2012-07-02/mcgraw-hill-cme-group-start-s-p-dow-jones-indices-venture-1-.html | title=McGraw–Hill, CME Group Start S&P Dow Jones Indices Venture | work=Bloomberg | date=Jul 2, 2012 | access-date=6 December 2013 | author=Leising, Matthew}}</ref>
Launched in July 2012, [[S&P Dow Jones Indices]] is the world's largest global resource for index-based concepts, data, and research.<ref>{{Cite web |last=Rooney |first=Ben |title=Stocks end mixed after late-day recovery |url=https://money.cnn.com/2012/07/02/investing/stocks-markets/index.htm |access-date=2024-10-25 |website=CNNMoney}}</ref> It produces the [[S&P 500]] and the [[Dow Jones Industrial Average]].<ref>{{cite news | url=https://www.bloomberg.com/news/2012-07-02/mcgraw-hill-cme-group-start-s-p-dow-jones-indices-venture-1-.html | title=McGraw–Hill, CME Group Start S&P Dow Jones Indices Venture | work=Bloomberg | date=Jul 2, 2012 | access-date=6 December 2013 | author=Leising, Matthew}}</ref>


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.<ref>{{Cite web |date=July 19, 2024 |title=Dow slides more than 500 points, S&P 500 closes lower in sharp sell-off Thursday: Live updates |url=https://www.cnbc.com/2024/07/17/stock-market-today-live-updates.html |website=CNBC}}</ref>
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.<ref>{{Cite web |date=July 19, 2024 |title=Dow slides more than 500 points, S&P 500 closes lower in sharp sell-off Thursday: Live updates |url=https://www.cnbc.com/2024/07/17/stock-market-today-live-updates.html |website=CNBC}}</ref>
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===S&P Global Mobility===
===S&P Global Mobility===


Brands include [[Carfax, Inc.|Carfax]].
S&P Global Mobility is the parent company of [[Carfax, Inc.|Carfax]], Market Scan, Polk Automotive Solutions, and other brands.<ref>{{Cite web |title=Reynolds and Reynolds, Carfax simplify service history upload process |url=https://www.autonews.com/dealers/reynolds-carfax-ease-vehicle-history-upload-process/www.autonews.com/dealers/reynolds-carfax-ease-vehicle-history-upload-process/ |access-date=2025-06-29 |website=www.autonews.com |language=en}}</ref> In April 2025, S&P announced plans to spin off its global mobility unit into a standalone public company.<ref>{{Cite journal |last=Butler |first=Peter |last2=Pinkerton |first2=Keith |last3=Reinstein |first3=Dennis |date=2006 |title=The Guideline Publicly Traded Company Method and the Market Value of “Invested” Capital: Should Market Value of “Stakeholder” Capital be the Appropriate Reference? |url=https://doi.org/10.5791/0882-2875-25.2.78 |journal=Business Valuation Review |volume=25 |issue=2 |pages=78–82 |doi=10.5791/0882-2875-25.2.78 |issn=0897-1781}}</ref>


==Presidents of the company==
==Presidents of the company==
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* [[Harold McGraw III|Harold W. McGraw III]] (1998–2013)
* [[Harold McGraw III|Harold W. McGraw III]] (1998–2013)
* [[Douglas L. Peterson]] (2013–2024)
* [[Douglas L. Peterson]] (2013–2024)
* [[Martina Cheung]] (2024-present)
* Martina Cheung (2024-present)


==Acquisitions==
==Acquisitions==
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). The publishing and education assets are a part of [[McGraw–Hill Education]] from the company separation in 2013.
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). The publishing and education assets are a part of [[McGraw–Hill Education]] from the company separation in 2013:


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==Divestitures==
==Divestitures==
After acquiring a portfolio of diverse companies, McGraw Hill later divested itself of many units to form McGraw Hill Financial which is now S&P Global.
After acquiring a portfolio of diverse companies, McGraw Hill later divested itself of many units to form McGraw Hill Financial which is now S&P Global:


{| class="wikitable"
{| class="wikitable"

Latest revision as of 20:53, 29 June 2025

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S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Sustainable1, and S&P Global Commodity Insights, CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

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.[1]

In 2009, McGraw Hill Cos. sold Business Week to Bloomberg L.P. 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 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 United States' largest publisher of educational material. The buyout made McGraw–Hill the largest educational publisher in the United States.[2] 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).[3]

On October 3, 2011, McGraw–Hill announced it was selling its entire television station group to the E. W. Scripps Company for $212 million.[4] 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. The sale included McGraw–Hill Broadcasting's stations KERO-TV and KZKC-LP Bakersfield; KGTV and KZSD-LP San Diego; KZCS-LP Colorado Springs; flagship station KMGH-TV and KZCO-LD Denver; KZFC-LP Fort Collins; and WRTV Indianapolis. 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.[5] On March 22, 2013, McGraw–Hill announced it had completed the sale for $2.4 billion cash.[6] On May 1, 2013, shareholders of McGraw–Hill voted to change the company's name to McGraw Hill Financial.[7] McGraw–Hill divested the subsidiary McGraw–Hill Construction to Symphony Technology Group for US$320 million on September 22, 2014.[8] The sale included Engineering News-Record, Architectural Record, Dodge and Sweet's.[9] McGraw–Hill Construction has been renamed Dodge Data & Analytics.[10]

In February 2016, McGraw–Hill announced that McGraw–Hill Financial would change its name to S&P Global Inc. by the end of April 2016.[11] McGraw Hill Financial officially changed its name following a shareholder vote on April 27, 2016.[12] In April 2016, McGraw–Hill announced that it was selling J.D. Power and Associates to investment firm XIO Group for $1.1 billion.[13] On August 3, 2020, S&P Global Platts launched S&P Global Platts Analytics fundamental oil information on the redesigned S&P Global Platts Developer Platform. The Platts Developer Platform offers customers with quick exposure to product price databases, business statistics and insights at the pace of market changes.[14] In November 2020, S&P Global agreed to acquire IHS Markit analytics company in a $44 billion transaction.[15][16] In 2023, S&P sold the former IHS engineering operations to KKR & Co, which rebranded IHS as Accuris.[17]

Corporate organization

S&P Global organizes its businesses in six units, based on the market in which they are involved:[18]

S&P Global Ratings

Script error: No such module "Labelled list hatnote". S&P Global Ratings provides independent investment research including ratings on various investment instruments.

S&P Global Market Intelligence

S&P Global Market Intelligence is a provider of multi-asset class and real-time data, research, news and analytics to institutional investors, investment and commercial banks, insurance companies, investment advisors and wealth managers, corporations, and universities. Subsidiaries and brands include Capital IQ, EViews, Journal of Commerce, Panjiva, and Global Insight.

S&P Dow Jones Indices

Launched in July 2012, S&P Dow Jones Indices is the world's largest global resource for index-based concepts, data, and research.[19] It produces the S&P 500 and the Dow Jones Industrial Average.[20]

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.[21]

S&P Global Commodity Insights

Headquartered in London, S&P Global Commodity Insights 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, Tokyo, Dubai, Singapore, and Houston, and international business centres such as São Paulo, Shanghai, and New York City.

S&P Global Mobility

S&P Global Mobility is the parent company of Carfax, Market Scan, Polk Automotive Solutions, and other brands.[22] In April 2025, S&P announced plans to spin off its global mobility unit into a standalone public company.[23]

Presidents of the company

Acquisitions

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). 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[24] -
1928 A.W. Shaw Company[24] Publisher of magazines and textbooks
1950s Gregg Company[24] Publisher of vocational textbooks
1953 Companies of Warren C. Platts, including Platts[24][25] Publisher of petroleum industry information
1954 Blakiston, from Doubleday[26] Publisher of medical textbooks
1961 F.W. Dodge Corporation[27] Publisher of construction industry information
1965 California Test Bureau[24] Developer of educational testing systems
1966 Standard & Poor's[27] Financial Services
1966 Shepard's Citations[28] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[27] Broadcasting
1979 Data Resources Inc. Economic data, models and consulting
1986 The Economy Company[2] Educational publishing
1988 Random House Schools and Colleges[29] Educational publishing
1996 Times Mirror Higher Education[30] Educational publishing
1993 Macmillan/McGraw–Hill School Publishing Company[31] Educational publishing
1997 Micropal Group Limited[32] Financial Services
1999 Appleton & Lange[33] Publisher of medical information
2000 Tribune Education, including NTC/Contemporary[34] Publisher of supplementary educational materials
2001 Mayfield Publishing Company[35] Publisher of humanities and social science textbooks
2004 Capital IQ[36] Company information aggregation
2005 J.D. Power & Associates[37] Marketing information provider
2015 SNL Financial[38] Financial News
2018 Kensho Technologies[39] Artificial Intelligence
2019 451 Research[40] Global IT research and advisory
2022 IHS Markit[41] Information Provider
2022 The Climate Service[42] Information Provider
2023 ChartIQ[43] Charting Provider
2023 Tradenet[44] Vessel-Tracking Platform
2023 TruSight Solutions LLC [45] Third-party Risk Assessments
2023 Market Scan Information Systems, Inc [46] Automative Data Provider
2024 Visible Alpha [47] Consensus Estimates Data
2024 World Hydrogen Leaders[48] Hydrogen Information Provider

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

After acquiring 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
1996 Shepard's legal publisher to Times Mirror[49] Publishing
2009 Vista Resources to Guidepoint Global[50] Expert Networks
2011 Television station group to the E. W. Scripps Company Broadcasting
2013 McGraw–Hill Education to Apollo Global Management Publishing
2013 Aviation Week to Penton[51] Publishing
2014 McGraw–Hill Construction to Symphony Technology Group Publishing
2016 J.D. Power & Associates to XIO Group Marketing information provider
2016 Equity Research Group to CFRA[52] Equity research

This list only includes divestitures made by McGraw–Hill, not its subsidiaries.

McGraw–Hill Building

File:McGraw-Hill Building Rock Center by David Shankbone.jpg
1221 Avenue of the Americas, former McGraw–Hill headquarters

Script error: No such module "Labelled list hatnote". The company was based at 1221 Avenue of the Americas until July 2015.[53] The predecessor company McGraw Hill Inc. had been based at 330 West 42nd Street and both have been known as The McGraw–Hill Building, a name originally used for a prior headquarters at 469 Tenth Avenue.

Connection to the family of George W. Bush

The McGraws and the George W. Bush family have close ties dating back several generations. Harold McGraw Jr. (deceased) was a member of the national grant advisory and founding board of the Barbara Bush Foundation for Family Literacy.[54]

McGraw–Hill Federal Credit Union

Established in 1935, the McGraw–Hill Federal Credit Union originally served employees of the McGraw–Hill companies in New York City only.[55] 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. In February 2019, the credit union announced plans to merge with Pentagon Federal Credit Union,[56] completing to convert customers to those of PenFed on May 1, 2019.[57] The East Windsor branch currently operates as a PenFed branch as of September 2019.

Awards

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.[58]

In 2023, S&P Global was recognized in Newsweek's ranking of America's Greenest Companies 2024 for its commitment to sustainability.[59]

References

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External links

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  4. ↑ "McGraw–Hill Sells TV Group To Scripps", TVNewsCheck, October 3, 2011.
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