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.
DEPARTURES®, published by Meredith Corporation, announced its September 2020 issue featuring visionaries from various fields. This special edition highlights individuals making positive societal impacts, with five distinct covers showcasing Julianne Moore, Giorgio Armani, Russell Westbrook, David Agus with Larry Ellison, and Padma Lakshmi. The issue explores themes like innovative architectural design, the future of fashion, wellness insights, and dining trends. Editor Jeffries Blackerby emphasizes honoring cultural figures addressing economic and social challenges during transformative times.
Meredith Corporation (NYSE: MDP) announces the launch of a new daily television show, PEOPLE (the TV Show!), premiering September 14. Co-hosted by Kay Adams and Lawrence K. Jackson, with correspondents Jeremy Parsons and Sandra Vergara, the half-hour program will feature celebrity news and human-interest stories. It will air weekdays in 12 local markets, engaging audiences with exclusive interviews and entertainment content. The launch aims to leverage the strong brand presence of PEOPLE across multiple platforms.
Meredith Corporation (NYSE: MDP) announced insights from its Data Studio regarding parents' attitudes as the back-to-school season approaches. Only 27% of moms are looking forward to schools reopening, with 51% recognizing emotional benefits of in-person learning. Concerns over safety are evident, with 44% worried about illness. A significant increase in demand for remote learning resources is anticipated, with views of educational content rising dramatically. The report also predicts changes in shopping patterns as parents adapt to new learning environments.
Meredith Corporation (NYSE: MDP) reported fiscal 2020 Q4 results that revealed a 22% decline in revenues to $611.2 million, largely due to COVID-19 related advertising cancellations and magazine portfolio adjustments. Fiscal 2020 revenues were $2.85 billion, down 11% year-over-year, with a loss from continuing operations of $209 million. Despite challenges, Meredith achieved a 33% increase in operational cash flow at $124 million in Q4. The company also emphasized strong consumer engagement metrics, including a reach of nearly 95% of American women and 155 million unique digital visitors monthly.
Meredith Corporation (NYSE: MDP) announces the launch of Meredith Data Studio, a suite of advertising solutions leveraging first-party data and predictive insights. The initiative aims to enhance marketing strategies for partners and features the Meredith 360 Platform, Predictive Trend Reports, and Direct Consulting Engagements. These offerings allow access to over 800 data segments and tailored consulting services to meet partner needs. The company reaches over 190 million U.S. consumers, primarily women, emphasizing its extensive data resources for targeted advertising.
Meredith Corporation (NYSE:MDP) will announce its fiscal 2020 fourth quarter and full year results on August 13, 2020. A conference call will follow at 8:30 AM EDT, with an earnings release and discussion materials made available in advance. Meredith serves over 190 million consumers, focusing on entertainment, food, lifestyle, and more through various platforms. The company operates 17 television stations and produces 745 hours of local content weekly, reaching a significant audience across major U.S. markets.
Meredith Corporation's (NYSE: MDP) REAL SIMPLE magazine announced the winners of the second annual Smart Money Awards on August 6, 2020, recognizing the top 23 apps, products, and services enhancing financial management. This year’s awards were based on evaluations from expert judges and REAL SIMPLE editors, considering innovativeness and relevance to readers. The winners span categories including budgeting, banking, investing, and insurance, among others. The complete list will appear in the September 2020 issue, available on newsstands starting August 21.
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