- CNTV English - CCTV News

Harold McGraw III, CEO of McGraw-Hill Companies

08-23-2010 17:19 BJT

From a family publishing business to a billion-dollar empire. McGraw-Hill is a major player in the areas of education, publishing and broadcasting, as well as business and financial services. It's the parent company of ratings agency Standard & Poor's, as well as being the majority owner of Canadian publisher McGraw-Hill Ryerson.

McGraw-Hill has a long and illustrious history, going back to turn of the century New York. Its founders, James H. McGraw and John A. Hill, merged their publishing houses to form one publishing business.

Harold McGraw III, CEO of McGraw-Hill Companies

Harold McGraw III, CEO of McGraw-Hill Companies

In the 1970's, Harold McGraw Jr - grandson of one of the original co-founders - took over the reins as chief executive. In just eight years in the top job, he transformed it into one of the most formidable publishing conglomerates in America. A pivotal moment for the company came in 1979, when McGraw fought off an aggressive takeover attempt by American Express.

McGraw-Hill remains a proudly family-run company. In 1993, Harold McGraw the Third, the great-grandson of the founder, took over. He took immediate action, and measures such as selling off unprofitable titles including BusinessWeek earning him a reputation as a hard-nosed leader.


Editor:James |Source: CNTV

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program