Meredith Corporation is the leading media and marketing company providing consumers with multiple well-known national brands and local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, food, health and agriculture. The Company uses multiple distribution platforms – including print, television, digital, mobile, tablets, and video – to give consumers content they desire and to deliver the messages of its advertising and marketing partners.

Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. Meredith Xcelerated Marketing has significantly added to its capabilities in recent years through the acquisition of cutting-edge companies in digital, mobile, social, healthcare, database, and international marketing.

Type
Public
Parent Company
Media General
HQ
Des Moines, US
Founded
1902
Size (employees)
3,500 (est)
Meredith was founded in 1902 and is headquartered in Des Moines, US
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Key People/Management at Meredith

Tom Harty

Tom Harty

President, Chief Executive Officer
Steve Lacy

Steve Lacy

Executive Chairman

Meredith Office Locations

Meredith has offices in Atlanta, Phoenix, Des Moines, New York and in 22 other locations
Des Moines, US (HQ)
1716 Locust St
Charleston, US
161 Seven Farms Drive
Chicago, US
333 N Michigan Ave
Los Angeles, US
500 Cornerstone Plaza 1990 S Bundy Dr
New York, US
805 3rd Ave
Northampton, US
47 Pleasant St
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Meredith Financials and Metrics

Meredith Financials

Meredith's revenue was reported to be $1.65 b in FY, 2016 which is a 3.5% increase from the previous period.
USD

Revenue (Q2, 2018)

810.5 m

Net income (Q2, 2018)

192.7 m

EBIT (Q2, 2018)

94.1 m

Market capitalization (25-May-2018)

2.2 b

Closing share price (25-May-2018)

48.2

Cash (31-Dec-2017)

35 m

EV

2.8 b
Meredith's current market capitalization is $2.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.6 b1.6 b

Revenue growth, %

9%3%

Sales and marketing expense

914.2 m

Operating expense total

914.2 m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017Q2, 2018

Revenue

371.2 m398.9 m384.7 m406.4 m398.2 m399.9 m442.6 m422.8 m425.4 m810.5 m

Sales and marketing expense

218 m241.4 m218.7 m241.6 m206 m225.9 m267.1 m222.4 m210.7 m441.1 m

Operating expense total

218 m241.4 m218.7 m241.6 m206 m225.9 m267.1 m222.4 m210.7 m716.3 m

Depreciation and amortization

25 m
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

36.6 m22.8 m25 m

Accounts Receivable

257.6 m284.6 m273.9 m

Inventories

24 m24.7 m20.7 m

Current Assets

470 m482.5 m481.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Cash

30.3 m18.1 m19.7 m29.9 m27.9 m17.2 m32.1 m44.5 m27.4 m35 m

Accounts Receivable

263.6 m289.7 m269.5 m278.2 m294.6 m281.3 m273.4 m284.8 m275.5 m297.4 m

Inventories

22.2 m26.2 m29.5 m24.2 m23.4 m24 m21.9 m20 m25.7 m21.4 m

Current Assets

476 m522.7 m470.3 m520.1 m531.5 m488.6 m501.7 m531.5 m494.9 m542.9 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

113.5 m136.8 m33.9 m

Depreciation and Amortization

59.9 m57.8 m59.2 m

Inventories

4.1 m(1 m)3.5 m

Accounts Payable

1.6 m10 m(11.9 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Net Income

29.4 m39.6 m25.3 m11 m32.5 m80.9 m34 m71.8 m39.8 m192.7 m

Depreciation and Amortization

12.8 m14.3 m14.6 m15.1 m15 m14.6 m13.9 m13.5 m13.3 m15.8 m

Inventories

22.2 m26.2 m29.5 m24.2 m23.4 m24 m21.9 m20 m25.7 m

Accounts Payable

77.3 m76.3 m83.7 m96.9 m76.9 m71.2 m74.5 m75.7 m75.7 m
USDY, 2017

EV/EBIT

30 x

EV/CFO

27.8 x

Revenue/Employee

231.6 k

Financial Leverage

2.4 x
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Meredith Operating Metrics

Meredith's Monthly Unique Visitors was reported to be 71 m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Agents

8.30 k9 k10 k

Applications (Local Media)

27 38 40

Monthly Unique Visitors

51 m70 m71 m

Websites (National Media)

40 50 50
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Meredith Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Time Inc November 26, 2017$2.80 b
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Meredith News and Updates

Methodists Surprise Gay Minister With ‘World’s Best Pastor’ Certificates

Someone stole the a ministers ordination certificate. So his congregation plastered his door with certificates of love.

Medical Professionals Fact-Check The Sex Stuff In ‘Grey’s Anatomy’

How far-fetched are the racy bits in medical dramas? Some real-life doctors and nurses educate us.

There's a 'Deadpool 2' Taylor Swift Easter egg you definitely missed in the trailer

Only the biggest Taylor Swift fans would've caught this joke in the Deadpool 2 trailer. Some sharp-eyed individuals noticed that the Deadpool 2 trailer includes a deep-cut reference to Taylor Swift, as pointed out by Cinema Blend. It happens at the 1:27 mark in the trailer, as Deadpool is spinning…
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