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 (NYSE: MDP) announced that its $2.825 billion acquisition by Gray Television Inc. has received shareholder approval. The official vote results will be disclosed in a Form 8-K filing. Additionally, prior to the acquisition's closure, Meredith will spin off its digital, magazine, MNI, and PEOPLE TV operations into a new company, Meredith Holdings Corp., which IAC's Dotdash will acquire for $2.7 billion. Both transactions are expected to close on December 1, 2021.
Meredith Corporation (NYSE:MDP) has announced the winners of its Good Impressions program, aimed at supporting BIPOC and LGBTQIA-owned businesses. Each of the five selected businesses will receive a support package valued at approximately $100,000, including pro bono advertising and marketing consultations. This initiative, launched in February 2021, seeks to bridge the economic gap for minority-owned enterprises. The award recipients include Shea Yeleen, The Safety Pouch, Madhu Chocolate, Modi Toys, and Young King Hair Care, reflecting diverse contributions to their communities.
Meredith Corporation (NYSE: MDP) announces a free virtual event, "Deck the Halls with Southern Living", set for December 9 from the 2021 Idea House in Louisville, Kentucky. This event will feature holiday cooking, decorating tips, and entertainment ideas, hosted by Sid Evans and Ivy Odom, alongside guests like chef Lucretia Thompson. In-person tours of the decorated Idea House are available until December 19, with tickets priced at $25, benefiting local charities. Register at here.
Meredith Corporation is set to launch three 30-minute holiday video specials featuring hosting tips, recipes, and decorations from its brands: Better Homes & Gardens, Allrecipes, and REAL SIMPLE. The original programming will be available on-demand this holiday season via PeopleTV and other platforms. Last year, Meredith's lifestyle brands enjoyed over 500 million visits, a 38% increase during the holiday season. Surveys indicate a rise in holiday entertaining and decorating among consumers, aligning with Meredith's goal to enhance holiday celebrations.
Meredith Corporation (NYSE: MDP) announced that its acquisitions by Gray Television Inc. and IAC's Dotdash Media Inc. have received crucial regulatory approvals. The Federal Communications Commission approved Gray's acquisition, with a special shareholder meeting set for November 30, 2021. Additionally, the Hart-Scott-Rodino waiting period for Dotdash's acquisition of Meredith Holdings expired on November 12, 2021. Both transactions are expected to close on December 1, 2021, pending shareholder approval and other conditions.
Meredith Corporation (NYSE: MDP) announced the distribution of shares for Meredith Holdings Corporation, providing one share of common stock for each common share and one share of class B stock for each class B share held as of November 19, 2021. This distribution, set for December 1, 2021, is part of a spin-off separating its national media group from the local media group, which will become a subsidiary of Gray Television, Inc. The Gray Merger is subject to shareholder approval and regulatory clearance. An information statement with details on the distribution will be sent to shareholders.
On November 8, 2021, Meredith Corporation (NYSE: MDP) announced the launch of the third edition of its SHAPE Beauty Lab Box, featuring 18 editor-approved beauty products worth over $430, now available for $45. This curated collection addresses winter beauty concerns, including moisturizing skin care and rejuvenating hair treatments from brands like Nature Made and BosleyMD. Following the success of past editions, with the first selling out in two weeks, the box aims to enhance consumer engagement and interest in trending products.
On November 4, 2021, Meredith Corporation (NYSE: MDP) announced the release of the 13th annual list of Best Children's Books via its PARENTS publication, highlighting 30 exceptional titles for children in 2021. The selection process involved over 100 kids and their parents, evaluating more than 250 nominated titles. These books were recognized for their engaging content and positive themes, with categories including board books, picture books, and chapter books. The full list is available on PARENTS.com.
Meredith Corporation (NYSE: MDP) has unveiled the 2021 PARENTS Best Toys list, recognizing 50 top new playthings for children. The selections were made after rigorous testing of over 500 new toys by 45 families. The expanded list addresses early holiday shopping and supply chain concerns. Products featured include innovative playsets, stuffed animals, and educational toys, ensuring options for every child. The complete list is accessible at Parents.com/BestToys and in the December issue of PARENTS.
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