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.
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.
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.
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