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.
Shutterstock (NYSE: SSTK) has announced an exclusive partnership with Meredith Corporation (NYSE: MDP) to represent the LIFE Picture Collection, one of the world's most significant photographic archives with over 800,000 images. This collaboration aims to bring new, previously unavailable images to Shutterstock's global customer base, enhancing its editorial offerings. The LIFE Picture Collection showcases crucial historical moments and iconic magazine covers from the 20th century, captured by renowned photographers. This strategic partnership reinforces Shutterstock's commitment to providing compelling editorial content.
On June 16, 2021, Meredith Corporation (NYSE: MDP) announced the inaugural FOOD & WINE Game Changers list, celebrating influential figures and products transforming the culinary landscape. The list includes diverse honorees like activist Ashtin Berry, chef Guy Fieri, and innovations such as community fridges and sustainable cooking tools. This recognition aims to empower home cooks and support equitable practices in the food industry. The full list is featured in the July "Innovators Issue" of FOOD & WINE, available on newsstands from June 18.
On June 9, 2021, Meredith Corporation (NYSE: MDP) announced the winners of the 2021 American Food Heroes Awards, celebrating individuals impacting food sustainability and nutrition. Featured in the July/August 2021 issue of EatingWell, the awards highlight 10 leaders like Beth Ford of Land O'Lakes and Brian Niccol of Chipotle. This initiative recognizes the vital role these change-makers play in fostering a healthier and more equitable food system. The feature story will be available online and in print starting June 11, 2021.
On June 7, 2021, Meredith Corporation (NYSE: MDP) announced the release of PARENTS' Best Frozen Treats 2021 list, highlighting a selection of flavorful pops, bars, and pints. The list features nearly 20 products vetted by kids and parents, focusing on those free of artificial food dyes and with parent-approved ingredients. Notable winners include Turkey Hill Strawberry Fruit & Cream Bar for Best Fruity Ice-Cream Bar and Ben & Jerry's Thick Mint Topped for Best Pint with Mix-Ins. The full list can be accessed on Parents.com and in the July issue of PARENTS magazine.
Meredith Corporation (NYSE: MDP) has announced the release of PARENTS' Best Skin Care for Kids 2021, featuring the 30 most gentle and effective products for children's skin care. The list includes various categories such as everyday creams, bath and hair products, and outdoor skin care. This year's selection was carefully curated after testing nearly 300 formulas with 55 families. All selected products are free from dyes, parabens, and oxybenzone, ensuring safety for children. The full list is available on Parents.com and in the July issue of PARENTS magazine.
Meredith Corporation (NYSE: MDP) launched the REAL SIMPLE handbag collection, featuring leather and coated canvas bags designed for women's organizational needs. Available exclusively at QVC.com until December 31, 2021, the collection includes four styles in various colors. Each handbag comes with a bonus eco-shopper tote. The initiative aligns with REAL SIMPLE's mission to simplify the modern woman's life, highlighting practicality and smart design.
Meredith Corporation (NYSE: MDP) has accepted a revised acquisition proposal from Gray Television, Inc. (NYSE: GTN) to purchase its Local Media Group for approximately $2.825 billion in cash. Shareholders will receive $16.99 per share in cash, an increase from the previous offer of $14.51. Meredith's Board unanimously recommends approval of this transaction, which is expected to close in Q4 2021. The acquisition follows an unsolicited proposal from another party, demonstrating competitive interest in Meredith's assets. The FCC has accepted their applications for the deal.
Meredith Corporation (NYSE: MDP) announced the launch of the SHAPE Beauty Lab Box on June 7, featuring products from 21 top beauty brands valued at over $560, available for $45. This follows a sold-out first edition last November. SVP Agnes Chapski noted the box aligns with consumer trends and ad partner needs. The Beauty Lab Box is part of Meredith's strategy to diversify revenue and enhance consumer engagement. A third box is planned for the 2021 holiday season, doubling the product value compared to the previous edition.
On June 2, 2021, Meredith Corporation (NYSE: MDP) announced the launch of its new video series, Pastries with Paola, featuring celebrated pastry chef Paola Velez. This weekly series aims to showcase delightful baked goods inspired by Velez's Dominican heritage. The debut season will consist of 13 episodes, available on various platforms including Instagram and YouTube. The inaugural episode features Maria Cookies Icebox Cake, with upcoming recipes celebrating diverse desserts. The initiative aligns with Meredith's strategy to enhance digital content across its brands.
On May 20, 2021, Meredith Corporation's Allrecipes, the world's largest food media brand, announced a partnership with Snapchat as the exclusive food category partner for the Scan feature. This innovation allows users to access tailored recipes based on ingredients recognized by the Snapchat camera. Expected to launch later in the year, this feature aims to engage home cooks by suggesting various recipes using ingredients already in their kitchens. This collaboration highlights Allrecipes' commitment to enhancing user experience through digital innovation.
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