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 (NYSE: MDP) EatingWell magazine has announced that Padma Lakshmi will be the guest editor for its October 2021 issue, themed 'American Food Today'. This issue will showcase how diverse cultural influences shape American cuisine, featuring Padma's insights including a Food Lover's Guide to NYC and recipes. The magazine's first cover featuring a person instead of food highlights its evolution. The issue will be available on September 10, 2021.
Meredith Corporation (NYSE: MDP) has launched the REAL SIMPLE Cleaning Collection in collaboration with The Clorox Company. This new line features EPA Safer Choice Certified products aimed at promoting safe cleaning without harsh chemicals. The initial offerings include an All-Purpose Cleaner and Compostable Wipes, now accessible at The Container Store and online. Both products are free from parabens and dyes, utilizing renewable energy and a 99.9% biobased formula. They come in two appealing scents: Sweet Orange & Basil and Cherry Blossom & Rose.
Kansas City’s leading television stations, including KMBC-TV, KCTV, and KSHB-TV, have launched NEXTGEN TV, a groundbreaking digital broadcast technology based on ATSC 3.0. This upgrade offers enhanced features like improved emergency alerts, superior video quality, and better audio clarity. The launch follows extensive planning and development and marks a significant step for local broadcasters. The technology will enable viewers to enjoy live events and real-time content more effectively. The service is already operational in over 30 cities nationwide.
NEXTGEN TV has launched in Atlanta, uniting five local TV stations to enhance viewing experiences with superior audio and video.
This service, designed to upgrade broadcast television, features stunning 4K video and Dolby audio. Available via major retailers, NEXTGEN TV promises added voice clarity and seamless integration with internet content.
Viewers can access channels including WPCH, WGCL, WSB, WAGA, and WXIA, benefiting from improved experiences without competing for bandwidth with other services.
On August 19, 2021, Meredith Corporation (NYSE: MDP) announced the winners of its third annual Smart Money Awards through REAL SIMPLE. This initiative aims to assist women in managing their finances more effectively. The 2021 awards highlight 26 innovative financial tools and services across categories like budgeting, credit cards, and investing, tailored to various financial needs, including small-business owners and caregivers. The awards feature products introduced or updated between January 2020 and June 2021, judged by a panel of 14 experts.
On August 18, 2021, Meredith Corporation (NYSE: MDP) announced the winners of its second annual Sleep Awards, recognizing 43 top products for quality sleep. Categories include innovative technologies like sleep trackers and traditional items such as mattresses and pillows. Health's Editor in Chief, Amy Conway, emphasized the importance of sleep for health, especially as sleep problems have surged during the pandemic. The full list of winners is featured in the September 2021 issue of Health and online at Health.com.
Meredith Corporation (NYSE: MDP) reported strong fiscal 2021 results, with total revenues of $2.977 billion, up 5% year-over-year. Fourth quarter revenues rose 17% to $717.9 million. Earnings from continuing operations reached $306.6 million, a notable turnaround from a loss of $209 million last year. Digital advertising revenue surpassed magazine revenue for the first time, growing 31%. Noteworthy achievements included a $254 million debt reduction and the $2.825 billion sale of the Local Media Group, aimed at enhancing financial flexibility and optimizing capital allocation.
Nielsen (NYSE: NLSN) and Meredith Corporation (NYSE: MDP) have signed a multi-year renewal for Local TV ratings, enhancing audience measurement services across Meredith's local stations. The renewal includes Nielsen Scarborough, offering in-depth consumer behavior data across over 2,000 categories. This collaboration aims to bolster Meredith's advertising strategies by leveraging Nielsen's comprehensive measurement services. Both companies expressed excitement about the continuation of their partnership, which is expected to enhance local media buy activations.
Meredith Corporation's (NYSE: MDP) PARENTS magazine announced the winners of its 2021 Food Awards, revealing a selection of 25 nutritious products across pantry, fridge, and freezer categories. The annual awards aim to help busy parents find healthy snack options. This year, over 200 items were tested by a panel of 75 kids, focusing on snacks free from artificial ingredients and low in added sugars. The awards emphasize practical and tasty solutions for family snacking, with more selections to be featured in the upcoming October issue.
On August 5, 2021, Meredith Corporation (NYSE: MDP) announced the winners of the 2021 PARENTS' Beauty Awards. This year, a diverse group of 35 moms and dads evaluated 160 new beauty products, resulting in 33 winners recognized for their quality and inclusivity. The awards highlight effective makeup, hair, and skincare products, reflecting the preferences of parents looking to enhance their self-care routine. The full list can be found on Parents.com and in the September issue of PARENTS magazine.
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