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) will announce its fiscal 2021 fourth quarter and full-year results on August 12, 2021, followed by a conference call at 9:00 AM EDT. The company reaches approximately 190 million consumers monthly through various platforms, including digital, video, and broadcast television. Notably, Meredith is the No. 1 U.S. magazine operator and has a portfolio of 17 television stations, targeting a significant audience. For more details, investors should check ir.meredith.com.
Meredith Corporation's Southern Living has announced the inaugural Illumination Charleston weekend, scheduled for December 2-5, 2021. This event, developed with Explore Charleston and Historic Charleston Foundation, will showcase holiday-themed festivities, including tours of decorated historic homes, cooking demos by renowned chefs, and a holiday market featuring curated products from Southern Living Tastemakers. Tickets start at $75 and will be available for individual events and packages. The event aims to celebrate Southern culture and holiday traditions in Charleston.
On July 22, 2021, Meredith Corporation (NYSE: MDP) announced the winners of its inaugural Southern Living Pet Awards, showcasing 48 top products for pets selected by the editors. The awards highlight five categories: grooming, housekeeping, toys, beds, and travel. Products were chosen based on thorough research, reflecting recommendations from editors, readers, and experts. Southern Living's audience reaches nearly 190 million, encompassing a significant portion of U.S. pet owners. The complete list of award-winning products is available online and in the August issue of the magazine.
Meredith Corporation's (NYSE: MDP) Travel + Leisure celebrates its 50th anniversary with a special collector's edition featuring iconic travel stories and notable figures. The August issue, available from July 23, highlights 50 timeless trips, essays from renowned writers, and the brand's history through significant travel moments. Travel + Leisure reaches nearly 1 million subscribers and 12 million monthly digital visitors, marking a 45% increase year-over-year. The anniversary issue attracts diverse advertisers, supporting its role as a leading travel media brand.
Meredith Corporation has promoted Corey Hanson to Vice President and General Manager of KPTV (FOX12 Oregon) and KPDX (FOX12 Plus), effective August 2, 2021. Previously the VP and GM of WALA in Alabama, Hanson returns to Portland where she previously served in various roles since 2004. Under her management, KPTV/KPDX achieved consistent ratings growth and led morning and late news segments. This strategic move reflects Meredith's commitment to leadership continuity and performance enhancement in its local media operations.
Meredith Corporation (NYSE: MDP) announced a strategic partnership between Successful Farming and Global Ag Network to expand podcast advertising. This collaboration aims to leverage the growing podcast market, adding key podcasts like Ag News Daily and Working Cows to Successful Farming’s offerings. With nearly 120 years in media, Successful Farming reaches 8.2 million farmers monthly, and this move enhances its advertising inventory significantly, catering to marketers targeting agriculture professionals.
On July 12, 2021, Meredith Corporation (NYSE: MDP) announced the 2021 Southern Living Tastemakers, honoring ten exceptional women influencing modern Southern style across various fields, including fashion and art. Featured in the August issue available on newsstands from July 23, the list highlights individuals such as Nena Evans, Abbey Glass, and Stephanie Summerson Hall. These Tastemakers showcase their creativity, resilience, and entrepreneurship, reflecting the spirit of the South. For more details, visit southernliving.com/tastemakers.
On July 6, 2021, Clerk, a retail technology company, announced a merchandising partnership with Meredith Corporation (NYSE: MDP). This collaboration aims to enhance the management of Meredith's publications in over 15,000 stores quarterly, utilizing Clerk's machine learning technology. The partnership is expected to improve stock levels and shelf placement of popular magazines, leading to increased sales opportunities through faster restocks. Notably, Clerk has previously identified a 14% sales growth opportunity for other brands by addressing out-of-stock issues.
On July 1, 2021, Meredith Corporation's MyLife app launched the 'Travel + Leisure's Mindful Travel Collection' in collaboration with Travel + Leisure. This seven-part mindfulness series aids travelers in managing stress and jet lag through meditations, stretches, and sleep exercises. Designed for on-the-go use, each activity lasts from seconds to 10 minutes. The initiative is targeted at helping users feel more comfortable during travels, catering to the growing interest in travel as restrictions ease. The MyLife app is accessible on iOS, Android, and Amazon Alexa.
Meredith Corporation (NYSE: MDP) has been ranked No. 2 by License Global for brand licensing, surpassing others for six consecutive years. This ranking reflects a strong performance, with a 28% growth in licensing revenue in Q3 of fiscal 2021, largely driven by Better Homes & Gardens products at Walmart. Specifically, Better Homes & Gardens saw over 40% year-over-year sales growth at Walmart and a 75% increase in online sales. Meredith's strategic partnerships and diverse licensing programs solidify its leadership in the market, indicating potential for continued growth.
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