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) has unveiled the 2021 PARENTS Best Toys list, recognizing 50 top new playthings for children. The selections were made after rigorous testing of over 500 new toys by 45 families. The expanded list addresses early holiday shopping and supply chain concerns. Products featured include innovative playsets, stuffed animals, and educational toys, ensuring options for every child. The complete list is accessible at Parents.com/BestToys and in the December issue of PARENTS.
On Nov. 1, 2021, InStyle unveiled the Cosmic Collection, an astrology-themed beauty box in collaboration with Susan Miller of AstrologyZone.com. Priced at $35, each limited-edition box contains products curated for the four elemental signs, with a retail value exceeding $150. These boxes include wellness items from brands like Glow Recipe and Heritage Store, targeting InStyle's audience interested in astrology, a growing content area that garners around 600,000 views monthly. Available for purchase, the initiative aims to enhance InStyle's e-commerce presence.
Meredith Corporation (NYSE: MDP) reported fiscal 2022 Q1 results, showing a 2% increase in total revenues to $708.6M, driven by a 24% growth in digital revenue, totaling $200M. However, net earnings fell 41% to $24.8M. Adjusted EBITDA decreased 13% to $124.7M. The company is on track to finalize two significant transactions: a $2.825B sale of its Local Media Group and a $2.7B sale of its remaining operations to Dotdash. These strategic moves aim to enhance shareholder value as part of its restructuring.
Meredith Corporation (NYSE: MDP) will release its fiscal 2022 first-quarter results on October 28, 2021. The company will not hold a conference call due to ongoing transactions with Gray Television and IAC. Meredith operates a multi-platform media and marketing business, engaging 190 million Americans through trusted brands like PEOPLE and Better Homes & Gardens. The Local Media Group includes 17 TV stations in major markets, enhancing its competitive position.
On October 14, 2021, Meredith Corporation (NYSE: MDP) announced the winners of the 2021 SHAPE Well Tech Awards, featuring innovative products that enhance wellness routines. The awards, highlighted in the November issue of SHAPE magazine, recognize technology-driven items spanning fitness, beauty, and more. The winners include the LightStim for Pain and Technogym MyRun Treadmill. This initiative showcases SHAPE's commitment to providing valuable wellness solutions.
impact.com has released two reports highlighting the growth potential of commerce content for brands and publishers. Brands engaging with at least 20 content partners are twice as likely to see revenue increases. Moreover, 65% of brands consider commerce content a vital strategy, with 40% planning budget increases. Publishers anticipate revenue growth of 25% annually, with Meredith reporting over 100% year-over-year growth in affiliate revenue. The trend indicates a shift towards commerce content as a significant marketing strategy, benefiting brand awareness and customer engagement.
The launch of NEXTGEN TV in Hartford marks a significant upgrade in broadcast technology for local viewers. This new digital broadcast technology enhances the viewing experience with features like 4K resolution, HDR video, and improved audio quality. Four local channels, including TEGNA's WCCT and WTIC, and others from Meredith and Nexstar Media Group, are now available over-the-air free of charge. With compatibility across select devices from manufacturers such as LG and Samsung, NEXTGEN TV is designed to evolve with future updates, promising a more interactive and engaging viewing experience.
On October 8, 2021, Meredith Corporation (NYSE: MDP) announced the release of PARENTS' list of the Best Apps for Kids, featuring 24 educational app winners. This annual list aims to provide engaging learning options for children during the school season. The selected apps meet strict criteria, including being ad-free and having no in-app purchases. Categories covered include Geography, STEM, Reading, Puzzles, and Social Skills. PARENTS, with a monthly reach of over 9.3 million readers, continues to deliver trusted parenting advice through various platforms.
IAC's Dotdash has announced an agreement to acquire Meredith Corporation's National Media Group for $42.18 per share in an all-cash transaction. This deal aims to combine Dotdash's digital publishing expertise with Meredith's iconic brand portfolio, creating one of the largest publishers in the U.S. The combined entity, named Dotdash Meredith, is expected to reach 175 million online consumers monthly. The transaction is anticipated to close by the end of the year, funded by a mix of cash and new debt, with both companies' boards approving the agreement.
FAQ
What is the market cap of Meredith (MDP)?
