Meredith Corporation operates as a diversified media company primarily in the United States. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. It publishes media in entertainment, food, lifestyle, parenting, and home categories, such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and other brands, as well as 300 special interest publications under approximately 70 brands. This segment operates approximately 50 Websites and applications. It is also involved in the brand licensing, affinity marketing, third-party marketing, consumer database, and other related operations, as well as provision of magazine advertising and circulation, digital and customer relationship marketing, other custom publishing project, and ancillary products and services. In addition, this segment operates The Foundry 360, a creative content studio, which develops content marketing programs across various platforms comprising native advertising that enable clients to engage new consumers and build long-term relationships with existing customers for a range of industries. The Local Media segment operates approximately 17 television stations that include 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. It also includes 12 Websites and 12 applications focused on news, sports, and weather-related information. In addition, this segment sells geographic and demographic-targeted digital and print advertising programs to third parties. The company was founded in 1902 and is headquartered in Des Moines, Iowa.
IPO Year: n/a
Exchange: NYSE
Website: meredith.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2022 | $5.50 | Outperform | Raymond James |
| 11/12/2021 | $3.20 → $3.00 | Hold | Canaccord Genuity |
| 10/8/2021 | $54.00 → $59.00 | Buy → Neutral | Citigroup |
| 8/17/2021 | $51.00 → $54.00 | Buy | Citigroup |
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S-8 POS - Hawkeye Acquisition, Inc. (0000065011) (Filer)
S-8 POS - Hawkeye Acquisition, Inc. (0000065011) (Filer)
Monday’s announcement that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk was named Person of the Year by Time magazine is the latest installment in the publication’s history of singling out corporate leaders for tribute as the individual who had the most profound impact during the course of the year. Time, which is published by Meredith Corporation (NYSE:MDP), named record-breaking aviator Charles Lindbergh as its first Person of the Year in 1927. The following year, the magazine began to shine its spotlight on the business world by honoring Walter Chrysler, chief executive of the Chrysler Corporation, for merging his company with Dodge and for coordinating the construction of the innovative Chrys
Meredith Corporation (NYSE:MDP) announced its pending $2.825 billion acquisition by Gray Television Inc. received shareholder approval at a special shareholder meeting held earlier today. Meredith expects to file a Form 8-K tomorrow disclosing the full voting results of the special meeting. Immediately prior to the Gray acquisition close, Meredith will spin its digital, magazine, MNI, PEOPLE TV, and corporate operations out to its shareholders as a new company, Meredith Holdings Corp., that IAC's Dotdash has agreed to acquire for $2.7 billion. Both transactions are expected to close on December 1, 2021, each subject to the satisfaction of the other terms and conditions of the applicable
Raymond James initiated coverage of Medexus Pharmaceuticals with a rating of Outperform and set a new price target of $5.50
Canaccord Genuity reiterated coverage of Medexus Pharmaceuticals with a rating of Hold and set a new price target of $3.00 from $3.20 previously
Citigroup downgraded Meredith from Buy to Neutral and set a new price target of $59.00 from $54.00 previously
Citigroup reiterated coverage of Meredith with a rating of Buy and set a new price target of $54.00 from $51.00 previously
Benchmark upgraded Meredith from Hold to Buy and set a new price target of $38.00
Benchmark upgraded Meredith from Hold to Buy and set a new price target of $38.00
The Benchmark Company upgraded Meredith from Hold to Buy and set a new price target of $38.00
Benchmark upgraded Meredith from Hold to Buy
Citigroup reiterated coverage of Meredith with a rating of and set a new price target of $28.00 from $21.00 previously
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
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DES MOINES, Iowa, Oct. 21, 2021 /PRNewswire/ -- Meredith Corporation (NYSE:MDP) announced today it will report fiscal 2022 first quarter results on Thursday, October 28, 2021. Visit ir.meredith.com to access the Company's earnings materials. Due to pending transactions with Gray Television and IAC, Meredith will not host a fiscal 2022 first quarter conference call. Meredith Corporation (NYSE:MDP) is a multi-platform media and marketing company that provides information and inspiration to women's lives daily through our trusted brands, including PEOPLE, Better Homes & Gardens,
DES MOINES, Iowa, Aug. 12, 2021 /PRNewswire/ -- Meredith Corporation (NYSE:MDP) today reported fiscal 2021 fourth quarter and full year results as summarized below. All financial results refer to fiscal 2021 fourth quarter or full year and the comparable prior-year period unless otherwise stated. Three Months Twelve Months Periods ended June 30, 2021 Results Variance from Prior Year Results Variance from Prior Year (In millions) Total revenues $ 717.9 17 % $ 2,977.4 5 % Earnings from continuing operations 36.7 F 306.6 F Net special items 1,2 17.8 F (22.9) F Earnings from conti
DES MOINES, Iowa, Aug. 2, 2021 /PRNewswire/ -- Meredith Corporation (NYSE:MDP) announced today it will report fiscal 2021 fourth quarter and full year results on Thursday, August 12, 2021. Meredith will host a conference call on that day at 9:00 AM EDT and distribute an earnings release and discussion materials prior to the call. Visit ir.meredith.com to access these materials and listen to the call. Meredith Corporation (NYSE:MDP) is a diversified media and marketing company that reaches approximately 190 million American consumers each month through trusted brand content, r
DES MOINES, Iowa, April 29, 2021 /PRNewswire/ -- Meredith Corporation (NYSE:MDP, Meredith.com))) today reported fiscal 2021 third quarter and first nine month results as summarized below. All financial results refer to fiscal 2021 third quarter and the comparable prior-year period unless otherwise stated. Three Months Nine Months Periods ended March 31, 2021 Results Variance from Prior Year Results Variance from Prior Year (In millions) Total revenues $ 664.5 (5) % $ 2,259.5 1 % Earnings from continuing operations 79.1 F 269.9 F Net special items 1,2 (53.0) F (40.7) F Earnings
DES MOINES, Iowa, Feb. 4, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; Meredith.com) today reported fiscal 2021 second quarter and first half results as summarized below: Three Months Six Months Periods ended December 31, 2020 Results Variance from Prior Year Results Variance from Prior Year (In millions) Total revenues $ 901.5 11 % $ 1,595.0 4 % Earnings from continuing operations 148.5 F 190.8 F Net special items 1,2 4.5 (58) % 12.3 (39) % Earnings from continuing operations before special items 2 153.0 F 203.1 F Adjusted EBITDA 2 304.4 57 % 447.6 41 % Net cash provided by operatin
ORLANDO, Fla. & DES MOINES, Iowa--(BUSINESS WIRE)--Wyndham Destinations (NYSE:WYND) and Meredith Corporation (NYSE:MDP) today announced that Wyndham Destinations has acquired the Travel + Leisure brand and all related assets from Meredith Corporation, combining the travel company’s portfolio of resort, membership, and lifestyle travel brands with the world’s most trusted travel lifestyle content curator and its travel clubs. This acquisition will accelerate Wyndham Destinations’ strategic plan to build on its leading position as the world’s largest vacation club and exchange company and expand into new leisure travel and licensing markets. “We acquired Travel + Leisure, including
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
Charleston, Oaxaca, Hawaiian Airlines, Golden Isles, Yellowstone National Park, Among Top Winners New Airline Takes #1 Spot for First Time in 28 Years NEW YORK, July 11, 2023 /PRNewswire/ -- Travel + Leisure announces the best travel destinations and organizations across the globe, according to the results of the 2023 World's Best Awards' reader survey. The 28th edition of the World's Best Awards highlight the leaders in travel, including top cities, islands, hotels, cruise lines, airlines, airports and more. The complete survey results are available now on TravelandLeisure.com and in the August issue of Travel + Leisure, on newsstands July 21.
A Celebration of America's Most Iconic Food Festival, The Brand's First-Ever Digital Issue Features Exclusive Interviews, An Oral History, Recipes, Cooking and Wine Tips from the Pros, and More NEW YORK, May 16, 2023 /PRNewswire/ -- Today, FOOD & WINE unveils its first-ever digital issue commemorating the 40th Anniversary of the FOOD & WINE Classic in Aspen with an immersive experience that brings the history of the Classic to life. The FOOD & WINE Classic in Aspen 40th Anniversary inaugural digital issue features a mix of recipes, interviews, and archival and new photography and video of the iconic culinary leaders and innovative wine experts who have made the Classic a must-visit event and
Honoring the Best of the Best in Restaurants, Cities, Bars, Hotels, Airlines, Cruise Lines, Airports, and More NEW YORK, April 21, 2023 /PRNewswire/ -- FOOD & WINE announces its Global Tastemakers Awards, the first-ever FOOD & WINE readers' choice awards celebrating the best culinary experiences and destinations in the U.S. and abroad. From the top restaurants, cities, bars, hotels, cruise lines, airports, and more, the inaugural annual survey's full results are now featured on foodandwine.com/global-tastemakers, with highlights in the May issue of FOOD & WINE, on newsstands April 21.
Step-by-Step Instructions, Useful Tips, and Mini Guides for Dozens of Projects To Get Your Home and Yard Ready for Summer Entertaining with Ease NEW YORK, April 20, 2023 /PRNewswire/ -- REAL SIMPLE today debuted their second-annual "Get. It. Done." 360-degree virtual home experience that's filled with editors' advice for a range of home projects, as well as shoppable links for the products included throughout. Created in collaboration with 3D rendering company YouSee Studio, architecture firm Ike Baker Velten, and designer Molly Torres Portnof of DATE Interiors, the 2023 "Get. It. Done." virtual home is open now at RealSimple.com/virtualhome, where consumers can engage with hotspots to lear
Top Southern Small Towns, Cities, Barbecue Joints, Hotels and More Revealed NBC TODAY's Hoda Kotb Appears as First-Ever Celebrity on South's Best Issue to Share Her Love of New Orleans NEW YORK and BIRMINGHAM, Ala., March 7, 2023 /PRNewswire/ -- Dotdash Meredith's Southern Living announces the winners of its seventh annual South's Best Awards, recognizing readers' favorite Southern destinations and experiences. In-depth coverage of the winners appears in the April issue of Southern Living, on sale March 17 and on SouthernLiving.com here. This year's South's Best Awards survey
DES MOINES, Iowa, Nov. 30, 2021 /PRNewswire/ -- Meredith Corporation (NYSE:MDP) announced its pending $2.825 billion acquisition by Gray Television Inc. received shareholder approval at a special shareholder meeting held earlier today. Meredith expects to file a Form 8-K tomorrow disclosing the full voting results of the special meeting. Immediately prior to the Gray acquisition close, Meredith will spin its digital, magazine, MNI, PEOPLE TV, and corporate operations out to its shareholders as a new company, Meredith Holdings Corp., that IAC's Dotdash has agreed to acquire for
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2: Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.Cars.com Inc. (NYSE:CARS) will replace DSP Group Inc. (NASD:DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Sy
NEW YORK and BIRMINGHAM, Ala., Nov. 22, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) Southern Living announces that free registration is now open for its first-ever "Deck the Halls with Southern Living" virtual event taking place from its 2021 Idea House in Louisville, Kentucky on December 9, offering holiday-inspired cooking, entertaining and decorating ideas from Southern Living editors and special guest experts. The 2021 Idea House, which has been styled with festive holiday décor in celebration of the season, will remain open for in-person tours until December 19, and tickets are available for purchase here.
DES MOINES, Iowa, Nov. 17, 2021 /PRNewswire/ -- Meredith Corporation will debut three 30-minute holiday video specials of new, original content highlighting holiday hosting tips, recipes, and decorations from experts across some of its top brands. Better Homes & Gardens, Allrecipes, and REAL SIMPLE invite audiences to celebrate the season with programming available on-demand throughout the holiday season. The holiday video specials further establish Meredith as a leading resource for holiday insight and inspiration.Creating more ways for consumers to engage with its celebrated