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.
Meredith Corporation (MDP) delivers trusted media content and innovative marketing solutions across digital, print, and broadcast platforms. This news hub provides investors and industry professionals with comprehensive access to official announcements and strategic developments from this leading media enterprise.
Track all material updates through curated press releases spanning financial results, content partnerships, leadership changes, and marketing innovations. Our repository ensures timely access to earnings reports, acquisition details, and operational milestones that shape Meredith's position in the media landscape.
Key coverage areas include strategic initiatives in home/lifestyle content expansion, digital platform enhancements, and data-driven advertising solutions. Users benefit from organized access to filings, executive commentary, and market-moving announcements without promotional bias.
Bookmark this page for streamlined monitoring of Meredith's evolving business strategy. Check regularly for updates on their dual focus areas: creating audience-centric media properties and delivering measurable marketing results for brand partners.
Meredith Corporation (NYSE: MDP) announced plans to seek shareholder approval for a charter amendment aimed at enhancing options for a tax-efficient separation of its National and Local media groups. This move is designed to potentially maximize shareholder value, though it is not in response to any specific events and carries no guarantee of a transaction outcome. The Board has unanimously approved the proposal, which will be voted on at the annual meeting scheduled for November 11, 2020. Shareholders can access detailed information via Meredith's preliminary proxy statement.
Meredith Corporation (NYSE: MDP) announced that its brands, MyLife and Cozi, are introducing solutions aimed at supporting students and families during the back-to-school season. MyLife offers mindfulness tools to aid emotional well-being for educators and students, already being implemented in various schools. Meanwhile, Cozi has enhanced its organizational capabilities to help families manage complex schedules amid ongoing challenges. Both brands aim to facilitate a smoother transition back to learning in these unprecedented times.
Meredith Corporation (NYSE: MDP) announces its Poderosas Virtual Conference, a free two-day event on September 19 and 26, 2020, aimed at empowering Latinas in their careers. The conference features notable figures like María Elena Salinas and Adamari López, with discussions on family resilience, mindful meditation, financial control, and workplace diversity. Sponsored by Macy's and Planned Parenthood, the event promotes women's empowerment and entrepreneurship within the Hispanic community, aiming to motivate participants to achieve their professional goals.
DEPARTURES®, published by Meredith Corporation, announced its September 2020 issue featuring visionaries from various fields. This special edition highlights individuals making positive societal impacts, with five distinct covers showcasing Julianne Moore, Giorgio Armani, Russell Westbrook, David Agus with Larry Ellison, and Padma Lakshmi. The issue explores themes like innovative architectural design, the future of fashion, wellness insights, and dining trends. Editor Jeffries Blackerby emphasizes honoring cultural figures addressing economic and social challenges during transformative times.
Meredith Corporation (NYSE: MDP) announces the launch of a new daily television show, PEOPLE (the TV Show!), premiering September 14. Co-hosted by Kay Adams and Lawrence K. Jackson, with correspondents Jeremy Parsons and Sandra Vergara, the half-hour program will feature celebrity news and human-interest stories. It will air weekdays in 12 local markets, engaging audiences with exclusive interviews and entertainment content. The launch aims to leverage the strong brand presence of PEOPLE across multiple platforms.
Meredith Corporation (NYSE: MDP) announced insights from its Data Studio regarding parents' attitudes as the back-to-school season approaches. Only 27% of moms are looking forward to schools reopening, with 51% recognizing emotional benefits of in-person learning. Concerns over safety are evident, with 44% worried about illness. A significant increase in demand for remote learning resources is anticipated, with views of educational content rising dramatically. The report also predicts changes in shopping patterns as parents adapt to new learning environments.
Meredith Corporation (NYSE: MDP) reported fiscal 2020 Q4 results that revealed a 22% decline in revenues to $611.2 million, largely due to COVID-19 related advertising cancellations and magazine portfolio adjustments. Fiscal 2020 revenues were $2.85 billion, down 11% year-over-year, with a loss from continuing operations of $209 million. Despite challenges, Meredith achieved a 33% increase in operational cash flow at $124 million in Q4. The company also emphasized strong consumer engagement metrics, including a reach of nearly 95% of American women and 155 million unique digital visitors monthly.
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