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.
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.
On October 1, 2020, Meredith Corporation (NYSE: MDP) announced that acclaimed journalist Gretchen Carlson will join PEOPLE (the TV Show!) as a Special Contributor. Carlson aims to spotlight everyday American heroes and uplift community efforts during challenging times. With over 20 years in journalism, including her role in the #MeToo movement, she brings a wealth of experience. The show, airing Monday to Friday, focuses on a mix of celebrity and human-interest stories, continuing PEOPLE's commitment to highlighting extraordinary lives.
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