Welcome to our dedicated page for Meredith news (Ticker: MDP), a resource for investors and traders seeking the latest updates and insights on Meredith stock.
Meredith Corporation (MDP) delivers trusted media content and innovative marketing solutions across digital, print, and broadcast platforms. This news hub provides investors and industry professionals with comprehensive access to official announcements and strategic developments from this leading media enterprise.
Track all material updates through curated press releases spanning financial results, content partnerships, leadership changes, and marketing innovations. Our repository ensures timely access to earnings reports, acquisition details, and operational milestones that shape Meredith's position in the media landscape.
Key coverage areas include strategic initiatives in home/lifestyle content expansion, digital platform enhancements, and data-driven advertising solutions. Users benefit from organized access to filings, executive commentary, and market-moving announcements without promotional bias.
Bookmark this page for streamlined monitoring of Meredith's evolving business strategy. Check regularly for updates on their dual focus areas: creating audience-centric media properties and delivering measurable marketing results for brand partners.
Meredith Corporation (MDP) has partnered with Health Media Network (HMN) to form the Meredith Health Media Network Alliance, enhancing advertising opportunities in healthcare settings. This strategic alliance aims to deliver engaging lifestyle content from Meredith's brands to patients in doctors' waiting rooms, improving their experience. Advertisers can reach targeted audiences interested in wellness through HMN's video networks. The collaboration is set to expand both companies’ footprint in point-of-care marketing, promising a unique advertising approach.
Meredith Corporation's Allrecipes partners with St. Jude Children's Research Hospital for its 2020 Thanks and Giving campaign. This initiative aims to raise funds for childhood cancer research and support families in need. Allrecipes will promote the cause through various channels, including its print and digital platforms, featuring stories of young cancer survivors in its upcoming issue. The campaign highlights the positive impact of cooking on healing. St. Jude has significantly improved childhood cancer survival rates, and Allrecipes seeks to engage its community of over 60 million cooks to support this mission.
Meredith Corporation (NYSE: MDP) reported fiscal 2021 first-quarter results with total revenues of $693.5 million, a 4% decrease year-over-year, primarily impacted by COVID-19. However, earnings from continuing operations surged to $42.3 million, up from $12 million last year, while adjusted EBITDA grew 17% to $143.2 million. The first quarter also noted free cash flow of $69.6 million. Notably, digital advertising experienced a 15% increase, contributing to growth despite overall revenue declines. Meredith aims to enhance financial flexibility and focus on deleveraging amidst improving macroeconomic conditions.
Meredith Corporation (NYSE:MDP) has promoted Ken Frierson to Vice President and General Manager of WNEM-TV 5 in Saginaw, Michigan. Frierson, who has over 25 years in the local television industry, previously served as General Sales Manager at the station. He has contributed to consistent revenue growth for WNEM. Patrick McCreery, President of Meredith Local Media Group, expressed confidence in Frierson's ability to further enhance the station's market share. Meredith operates 17 television stations, producing approximately 700 hours of content weekly.
Meredith Corporation (NYSE: MDP) announced the release of the PARENTS magazine's 'Best Toys of 2020' list, featuring 45 top toys chosen after extensive testing by 60 families. The list includes options for children of all ages and emphasizes screen-free playthings under $100. This initiative aims to support families during the winter months, particularly amid social distancing. The full list is available on Parents.com and will appear in the December issue of PARENTS magazine, on stands November 6.
Meredith Corporation (NYSE: MDP) has appointed Evolution USA as the exclusive licensing and brand management agency for the LIFE brand and The LIFE Picture Collection in North America, Australia, and New Zealand. This partnership aims to enhance monetization of the LIFE brand through diverse consumer product opportunities, including apparel, home furnishings, and collectibles. Executives from both companies expressed excitement over the potential to expand brand reach and effectively manage licensing opportunities, leveraging the rich history and imagery of the LIFE Collection.
Meredith Corporation (MDP) announced that its brands PEOPLE, Allrecipes, and InStyle have won Adweek's 2020 Hot List awards, recognizing their excellence in media. PEOPLE was noted for its adaptability during the pandemic, achieving 102 million unique views. Allrecipes saw unique visitors surge by 54% year-over-year, while InStyle maintained its aesthetic with socially distant photo shoots. These achievements reflect Meredith's commitment to trusted journalism and its significant reach among consumers, especially women.
On October 13, 2020, Meredith Corporation (NYSE: MDP) announced the release of PARENTS magazine's list of the Best Apps for Kids for 2020, featuring 23 winners aimed at enhancing children's educational experiences. The selection criteria included ad-free content, limited in-app purchases, clear learning goals, and engaging gameplay. PARENTS magazine, reaching over 9.3 million readers monthly, provides trusted advice for parents navigating educational resources for children. The complete list is available on Parents.com.
Meredith Corporation (NYSE:MDP) plans to release its fiscal 2021 Q1 results on November 5, 2020. A conference call will follow at 8:00 AM EST, where an earnings release and discussion materials will be shared beforehand. Listeners can access the call through Meredith's Investor Relations section. With a history of 118 years in service journalism, Meredith reaches over 190 million consumers, including 120 million women. The company operates 17 television stations and a robust portfolio of national media brands such as PEOPLE and Better Homes & Gardens.
