Meredith Corporation is the leading media and marketing company serving 100 million Americans every month through 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. Meredith 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
Subsidiary
Parent Company
Media General
HQ
Des Moines, US
Founded
1902
Meredith was founded in 1902 and is headquartered in Des Moines, US

Meredith Office Locations

Meredith has offices in Des Moines, New York, Charleston, Chicago and in 22 other locations
Des Moines, US (HQ)
1716 Locust St
Seattle, US
500 413 Pine St
Northampton, US
47 Pleasant St
Los Angeles, US
500 Cornerstone Plaza 1990 S Bundy Dr
Troy, US
150 Wilshire Plaza West 1050 Wilshire Dr
Chicago, US
333 N Michigan Ave
Charleston, US
161 Seven Farms Drive
New York, US
805 3rd Ave

Meredith Metrics

Meredith Summary

Founding Date

1902
Meredith is a subsidiary of Media General

Meredith Financial Metrics

Meredith's revenue was reported to be $1.6 b in FY, 2016 which is a 3.5% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$1.5 b$1.6 b$1.6 b

Revenue growth, %

9%3%

Operating expense total

$1.3 b$1.4 b$1.5 b

EBIT

$186.5 m$242.1 m$130.6 m

EBIT margin, %

13%15%8%

Interest expense

$12.2 m$19.4 m$20.4 m

Interest income

$10 k

Pre tax profit

$174.3 m$222.8 m$110.2 m

Income tax expense

($60.8 m)($86 m)($76.3 m)

Net Income

$113.5 m$136.8 m$33.9 m
FY, 2014FY, 2015FY, 2016

Cash

$36.6 m$22.8 m$25 m

Accounts Receivable

$257.6 m$284.6 m$273.9 m

Inventories

$24 m$24.7 m$20.7 m

Current Assets

$470 m$482.5 m$481.2 m

Goodwill

$841.6 m$1 b$883.1 m

Total Assets

$2.5 b$2.8 b$2.6 b

Accounts Payable

$81.4 m$93.9 m$82.1 m

Total Debt

$715 m$795 m$695 m

Current Liabilities

$483.1 m$531 m$477.9 m

Additional Paid-in Capital

$41.9 m$49 m$54.3 m

Retained Earnings

$814.1 m$870.9 m$818.7 m

Total Equity

$891.7 m$951.9 m$889 m

Debt to Equity Ratio

0.8 x0.8 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

2.9 x3 x3 x
FY, 2014FY, 2015FY, 2016

Net Income

$113.5 m$136.8 m$33.9 m

Depreciation and Amortization

$59.9 m$57.8 m$59.2 m

Accounts Receivable

($2.4 m)($19 m)$10.7 m

Inventories

$4.1 m($1 m)$3.5 m

Accounts Payable

$1.6 m$10 m($11.9 m)

Cash From Operating Activities

$178.1 m$192.3 m$226.6 m

Cash From Investing Activities

($442.3 m)($206.8 m)($31.5 m)

Long-term Borrowings

($301 m)($390 m)($267.5 m)

Dividends Paid

($75.4 m)($80 m)($86.1 m)

Interest Paid

$11.3 m$19.1 m$20.2 m

Income Taxes Paid

$35 m$40.4 m$73 m

Meredith Job Categories

Meredith Median Salaries

Source: 16 public H-1B filings from Meredith

Meredith Online Presence

Meredith News

Meredith Company Life

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