Welcome to our dedicated page for Meredith Corporation news (Ticker: MDP), a resource for investors and traders seeking the latest updates and insights on Meredith Corporation stock.
Meredith Corporation (symbol: MDP) is a preeminent media and marketing company reaching 100 million Americans every month. With a portfolio of well-known national brands and local television channels in fast-growing markets, Meredith excels in delivering high-quality content across various consumer interest areas such as home, family, food, health, and agriculture. The company employs multiple distribution platforms, including print, television, digital, mobile, tablets, and video, ensuring that consumers receive the content they crave and that advertisers reach their target audience effectively.
Meredith Xcelerated Marketing, a division of the company, has bolstered its capabilities through strategic acquisitions of cutting-edge firms in digital, mobile, social, healthcare, database, and international marketing. This expansion enables Meredith to offer powerful and custom marketing solutions to top brands and companies nationwide.
In recent news, Meredith's brand REAL SIMPLE has launched registration for the 2024 REAL SIMPLE Women's Half Marathon in collaboration with the New York Road Runners, aiming to support the Food Bank for New York City's Woman to Woman campaign. Additionally, Meredith's Food & Wine, Southern Living, and Travel + Leisure announced the first-ever FOOD & WINE Classic in Charleston, scheduled for September 2024. This premier festival will feature world-class chefs, food and wine tastings, and exclusive tours.
Meredith Corporation is also celebrated for its editorial excellence, with Beautiful Kitchens & Baths magazine unveiling its 13th annual list of 30 Most Innovative Products. Furthermore, Southern Living recently announced the winners of its eighth annual South's Best Awards, recognizing readers' favorite Southern destinations and experiences.
Meredith's commitment to innovation and quality content continues to set it apart in the media and marketing landscape, making it a significant entity in the stock market and media industry.
On February 26, 2021, Meredith Corporation (NYSE: MDP) announced the winners of the Beauty Crush Awards 2021 through HelloGiggles. This year, the awards recognized 187 beauty products from a total of 2,762 considered across categories such as skincare, hair, nails, and makeup. The selection involved testing by beauty professionals and HelloGiggles editorial staff. Brands that supported initiatives like STEM programs for women or used sustainable packaging received additional recognition in the ranking process.
Meredith Corporation (NYSE: MDP) announced the upcoming launch of its weekly podcast 'Money Confidential' on March 1 and the virtual event series 'The New Rules of Retirement' on March 25. These initiatives, supported by Fidelity Investments, aim to assist women in managing their finances and retirement planning amidst financial challenges. The 12-episode podcast will cover investment tips and financial strategies, while the event series will feature experts discussing retirement planning tailored for women. Both offerings are designed to empower women financially during this crucial period.
Meredith Corporation (NYSE: MDP) released a study on the COVID-19 pandemic's impact on female consumers, revealing that over half (56%) of women have reassessed their priorities, focusing on family and health. The research indicates significant behavioral shifts, with 70% planning lifestyle changes post-pandemic. Key findings highlight an increased emphasis on savings, a rising trend for e-commerce, and a demand for positive brand messaging. Mental health issues were noted, with 39% reporting declines, while physical health remained stable for most.
Meredith Corporation (NYSE: MDP) launches its new podcast, "That New Mom Life," focusing on the postpartum experience. Hosted by PARENTS LATINA Editor Grace Bastidas and influencer Desiree Fortin, the 12-episode series features expert advice and relatable stories from parents. The podcast will be available on major platforms, starting February 16, with episodes ranging from 20 to 30 minutes. Sponsors include Johnson's®, emphasizing support for parenthood. This initiative follows the success of prior PARENTS podcasts, aiming to connect with millennial moms and enhance engagement within the community.
Meredith Corporation (NYSE: MDP) partners with Salamander Hotels & Resorts to launch The Family Reunion, a culinary event set for August 19-22, 2021, in Middleburg, Virginia. Co-hosted by chef Kwame Onwuachi, the event emphasizes diversity in hospitality through cooking demonstrations, tastings, and panels with renowned chefs. A portion of proceeds will fund mentorship programs for underrepresented groups in the industry. Tickets go on sale in April, with more details to follow. This initiative aligns with Meredith's commitment to inclusivity within the culinary sector.
Meredith Corporation's Beautiful Kitchens & Baths magazine announces its 10th annual list of the 30 Most Innovative Products, showcasing exceptional kitchen and bath design items introduced in the past year. Featured in the Spring issue on sale February 5, 2021, standout products include Fisher & Paykel's Professional Dual-Fuel Range and Kohler's Setra Touchless Kitchen Faucet. Executive Editor Samantha Hart emphasizes innovation's role in creating safer and healthier home environments. The magazine engages a vast audience across various platforms, reaching 95% of American women.
Meredith Corporation (NYSE: MDP) reported a robust fiscal 2021 second-quarter performance, achieving record revenues of $901.5 million, an 11% increase year-over-year. Earnings from continuing operations more than doubled to $148.5 million. Digital advertising revenues from the National Media Group surged 22%, outpacing traditional magazine advertising for the first time. Additionally, cash flow from operations increased to $182.9 million. Despite challenges from the COVID-19 pandemic, Meredith's diversified portfolio and strategic initiatives contributed to net debt reduction and improved profitability.
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