Last $47.38 USD
Change Today -0.08 / -0.17%
Volume 54.2K
MDP On Other Exchanges
Symbol
Exchange
New York
Berlin
OTC US
As of 1:13 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

meredith corp (MDP) Snapshot

Open
$46.64
Previous Close
$47.46
Day High
$47.38
Day Low
$46.52
52 Week High
10/22/13 - $53.84
52 Week Low
01/29/14 - $40.11
Market Cap
2.1B
Average Volume 10 Days
321.2K
EPS TTM
$2.69
Shares Outstanding
36.9M
EX-Date
05/28/14
P/E TM
17.6x
Dividend
$1.73
Dividend Yield
3.57%
Current Stock Chart for MEREDITH CORP (MDP)

meredith corp (MDP) Details

Meredith Corporation, a media and marketing company, is engaged in magazine publishing and related brand licensing, television broadcasting, digital and customer relationship marketing, digital and mobile media, and video creation operations in the United States. It operates in two segments, National Media and Local Media. The National Media segment publishes magazines for woman with focus on home and family market. This segment publishes approximately 20 subscription magazines that include Better Homes and Gardens, Family Circle, Ladies' Home Journal, Parents, FamilyFun, American Baby, EveryDay with Rachael Ray, and Fitness, as well as approximately 120 special interest publications under approximately 75 titles. Its portfolio also includes Parenting and Babytalk magazines; and approximately 30 mobile-optimized Websites and 30 applications. In addition, this segment provides specialized marketing products and services to America's companies; and a consumer database, as well as involved in brand licensing and other related operations. The Local Media segment consists of 12 network-affiliated television stations comprising 6 CBS affiliates, 3 FOX affiliates, 2 MyNetworkTV affiliates, and 1 NBC affiliate; and a video creation unit. This segment also includes 20 Web sites and mobile Websites, as well as 36 applications focusing on news, sports, and weather-related information. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

3,250 Employees
Last Reported Date: 08/21/13
Founded in 1902

meredith corp (MDP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $975.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.0K
President of Local Media Group
Total Annual Compensation: $705.0K
President of National Media Group
Total Annual Compensation: $700.0K
Chief Development Officer, General Counsel an...
Total Annual Compensation: $645.0K
Compensation as of Fiscal Year 2013.

meredith corp (MDP) Key Developments

Meredith Corporation to Launch Parents Latina Magazine

Meredith Corporation announced that it will launch Parents Latina, a new English-language magazine focused on serving US Hispanic millennial mothers. Parents Latina will have a guaranteed rate base of 700,000 and will be published four times a year. Parents Latina will debut in Spring 2015 and will complement Meredith's existing Spanish-language brand, Ser Padres.

Time Does Not Plan To Hold Talks With Meredith

Time Inc. (NYSE:TIME) may plan for acquisitions. Chief Executive Officer of Time, Joe Ripp said, “There will be opportunities for acquisitions, but I don't see a transformative acquisition in the near future.” Regarding talks with Meredith Corporation (NYSE:MDP, he added, “I've had no conversations with Meredith and I have no plans to talk with (Meredith Chief Executive Officer)Steve Lacey in the near future," Ripp said, when asked if there was any chance of rekindling merger talks with its rival magazine publisher.” Talks between the two firms broke off in March 2013. The stock price of Time closed at $23.3 on June 9, 2014.

Meredith Corporation Appoints Linda Augsburg as Editorial Content Chief for American Patchwork and Quilting Magazine and Meredith Crafts Group

Meredith Corporation announced that Linda Augsburg has been named Editorial Content Chief for American Patchwork and Quilting magazine and the Meredith Crafts Group, effective immediately. Augsburg has extensive experience in the quilting and crafts industry, with emphasis in editorial, multi-media and retail. She has worked closely with digital and online teams to develop programs and social platforms for brands. Augsburg's background includes helping launch numerous publications and brands - including McCall's Quilting and BeadStyle and Art Jewelry - as well as multiple websites for crafts, sewing and quilting audiences during her career at Prime Publishing. Augsburg experience also includes several editorial roles at Kalmbach Publishing from 2003-2010, where she served as Editor of Make It Mine. Prior to Kalmbach, she worked for Michaels Arts and Crafts Company as Editor of Michaels Create!.

 

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Industry Analysis

MDP

Industry Average

Valuation MDP Industry Range
Price/Earnings 20.2x
Price/Sales 1.4x
Price/Book 2.4x
Price/Cash Flow 11.4x
TEV/Sales 0.8x
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