Last $50.85 USD
Change Today +0.24 / 0.47%
Volume 117.0K
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As of 8:04 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

meredith corp (MDP) Snapshot

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11/29/13 - $53.56
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01/29/14 - $40.11
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meredith corp (MDP) Details

Meredith Corporation operates as a diversified media company that focuses primarily on the home and family marketplace in the United States. It operates in two segments, Local Media and National Media. The Local Media segment consists of 14 owned television stations, such as 7 CBS affiliates, 3 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, and 1 independent station, as well as 1 operated television station; and a video creation unit. This segment also includes 12 Websites, 2 mobile-optimized Websites, and 27 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 21 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, and FamilyFun, as well as approximately 120 special interest publications under approximately 80 titles. Its portfolio also includes Parenting and Babytalk magazines; and approximately 30 mobile-optimized Websites and 20 applications. In addition, this segment provides digital and customer relationship marketing services, such as 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 company was founded in 1902 and is headquartered in Des Moines, Iowa.

3,500 Employees
Last Reported Date: 08/27/14
Founded in 1902

meredith corp (MDP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $975.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $560.0K
President of National Media Group
Total Annual Compensation: $725.0K
President of Local Media Group
Total Annual Compensation: $705.0K
Chief Development Officer, General Counsel an...
Total Annual Compensation: $645.0K
Compensation as of Fiscal Year 2014.

meredith corp (MDP) Key Developments

Meredith Corporation Signs Licensing Agreement with Clipper Corporation to Manufacture Allrecipes Line of Kitchen Products for Home Cooks

Meredith Corporation announced it has signed a licensing agreement with Clipper Corporation to manufacture a line of cookware, bakeware and kitchen gadgets under the Allrecipes(R) brand. This marks Allrecipes' first product licensing program, and the Allrecipes line of products will debut at the International Home and Housewares show in Chicago in March 2015. The terms of the program include a seven-year renewable licensing agreement. The products will be designed for a variety of home cooking needs, and Clipper Corporation will leverage its knowledge of professional-grade performance qualities to deliver a line of high-quality kitchen tools at accessible price points.

Meredith Board of Directors Declares Quarterly Dividend, Payable on December 15, 2014

Meredith Corporation declared a regular quarterly dividend of $0.4325 per share, or $1.73 on an annual basis. The dividend will be payable on December 15, 2014, to shareholders of record on November 28, 2014.

Meredith Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for Second Quarter of Fiscal 2015 and Full Year Fiscal 2015

Meredith Corporation announced unaudited consolidated earnings results for the first quarter of 2014. For the period, the company reported EPS increased 23% to $0.65, compared to $0.53 in the prior-year period. Revenues increased 4% to $371 million against 356.452 million a year ago, including 10% growth in advertising revenues. Income from operations was $52.852 million against $42.808 million a year ago. Earnings before income taxes were $48.610 million against $40.095 million a year ago. Net earnings were $29.365 million $0.65 per diluted share against $24.041 million a year ago. Total EBITDA was $65.621 million against $54.603 million a year ago. Net cash provided by operating activities was $11.146 million against net cash used in operating activities of $6.428 million a year ago. Additions to property, plant, and equipment were $1.936 million against $3.786 million a year ago. The company provides earnings guidance for second quarter of fiscal 2015 and full year fiscal 2015. For the quarter, the company expects earnings per share to range from $0.95 to $1.00, compared to $0.67 in the prior-year period. The company continues to expect full year fiscal 2015 earnings per share to range from $3.00 to $3.25 and revenue to rise in the 'low teens. Total Local Media Group revenues are expected to be up 45 to 50%. This includes expected political advertising revenues of between $22 million and $25 million.


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