Welcome to our dedicated page for Meredith news (Ticker: MDP), a resource for investors and traders seeking the latest updates and insights on Meredith stock.
The MDP news page on Stock Titan aggregates recent announcements connected to Meredith Corporation’s media and marketing ecosystem, including brands identified as part of the Dotdash Meredith publishing family. These releases highlight editorial franchises, awards programs, and special projects across categories such as travel, food and drink, wellness, home, weddings, and regional lifestyle.
Readers can expect coverage of Travel + Leisure initiatives like the World's Best Awards, Destination of the Year selections, and events such as the World's Best Summit, which bring together travel and hospitality figures to discuss trends in global travel. News from Food & Wine includes features such as the Game Changers list and the Best New Chefs program, focusing on people, companies, and chefs shaping culinary culture.
Updates from SHAPE showcase programs like the SHAPE Skin Awards, which recognize skincare products, devices, and treatments evaluated by editors and expert panels. REAL SIMPLE news includes projects such as the REAL SIMPLE Home and Smart Money Awards, reflecting home design concepts and financial tools that align with its mission of simplifying daily life. Southern Living announcements cover the annual Idea House, emphasizing Southern architecture, design, and hospitality. BRIDES news features concepts such as the Wedding Color of the Year, highlighting wedding style and planning trends.
For investors and readers following MDP-related activity, this news feed offers a view into how these brands engage audiences, collaborate with sponsors, and develop recurring editorial franchises. Checking this page regularly can help track new awards, events, and editorial initiatives associated with Meredith’s media and marketing network as reflected in the available releases.
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.
EatingWell, a brand under Meredith Corporation (NYSE: MDP), has revealed its 2021 Summer Food Trends, highlighting five seasonal food trends predicted to resonate with audiences. Key trends include a 17% increase in interest in pickling, 333% growth in broccoli salad views, and a 73% rise in cocktail recipe views. These insights stem from consumer data analyzed by EatingWell's editorial team and dietitians, addressing growing interests in health-conscious eating amid the pandemic.
Meredith Corporation (NYSE: MDP) has launched Paw Print, the largest consumer magazine focused on pet families, reaching nearly 70% of U.S. pet owners. This publication will serve 1 million selected subscribers, delivering engaging content for pet parents. Following the success of DailyPaws.com, which garnered over 2 million unique monthly viewers, Paw Print aims to enhance the pet ownership experience. Supported by Mars Petcare as the launch sponsor, the magazine responds to the growing demand for pet-related content amid rising pet ownership trends in the U.S.
On May 6, 2021, Meredith Corporation (NYSE: MDP) unveiled its new programming slate at the IAB NewFronts, driven by insights from first-party data and predictive analytics. The company aims to enhance consumer engagement with series and podcasts tailored for its primary audience—American women. Highlights include Ayesha Curry's cooking series and various podcasts launching in June. The digital engagement of Meredith rose 16%, and video views surged 45% year-over-year. Additionally, the new Video Accountability Suite will help advertisers measure campaign effectiveness against their KPIs.
Meredith Corporation's PARENTS announced the winners of the 2021 Family Travel Awards, highlighting the top 20 family getaways in the U.S. This selection, made by a panel of experts, emphasizes safe, affordable, and outdoor experiences for families. The winners were chosen from over 150 nominated locations, prioritizing health and safety amidst the ongoing COVID-19 pandemic. The complete list, which includes various categories such as adventure resorts and beach towns, is featured on Parents.com and in the June issue of PARENTS magazine.
Meredith Corporation (NYSE: MDP) has announced the sale of its Local Media Group to Gray Television for $2.7 billion in cash. This move allows Meredith to focus on its National Media Group. Shareholders are expected to receive approximately $14.50 per share and a 1-for-1 equity share in the new Meredith entity post-close. The transaction aims to enhance financial flexibility and drive growth in digital and consumer opportunities. It has received unanimous board approval and is expected to close in Q4 2021, subject to shareholder and regulatory approvals.
Meredith Corporation (NYSE: MDP) reported mixed fiscal 2021 third quarter results, with total revenues at $664.5 million, down 5% year-over-year. Earnings from continuing operations rose to $79.1 million, benefiting from a $53 million gain from special items, mainly the sale of Travel + Leisure. Digital advertising revenues grew by 21%, surpassing magazine ad revenues for the second consecutive quarter. However, combined magazine revenues fell by 19%, impacted by pandemic-related challenges. Free cash flow decreased by 32% to $68.3 million, while net debt reduced by $251 million, highlighting ongoing debt management efforts.