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.

Employee Rating

3.2More
TypePublic
Parent CompanyMedia General
HQDes Moines, US
Founded1902
Size (employees)3,500 (est)
Websitemeredith.com
Meredith was founded in 1902 and is headquartered in Des Moines, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Meredith

Tom Harty

Tom Harty

President, Chief Executive Officer
Steve Lacy

Steve Lacy

Executive Chairman
Show more

Meredith Office Locations

Meredith has offices in Des Moines, Washington, Troy, Springfield and in 22 other locations
Des Moines, (HQ)
1716 Locust St
Charleston,
161 Seven Farms Drive
Chicago,
333 N Michigan Ave
Los Angeles,
500 Cornerstone Plaza 1990 S Bundy Dr
New York,
805 3rd Ave
Northampton,
47 Pleasant St
Show all (26)
Report incorrect company information

Meredith Financials and Metrics

Meredith Revenue

Meredith's revenue was reported to be $1.71 b in FY, 2017
USD

EBIT (FY, 2018)

99.0m

Market capitalization (4-Dec-2018)

2.6b

Closing stock price (4-Dec-2018)

57.1

Cash (30-Jun-2018)

437.6m

EV

5.3b
Meredith's current market capitalization is $2.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.5b1.6b1.6b1.7b

Revenue growth, %

9%3%

Sales and marketing expense

778.4m896.5m914.2m934.2m

Operating expense total

1.3b1.4b1.5b1.4b
Quarterly
USDQ2, 2014Q3, 2014Q2, 2014Q1, 2015Q1, 2016Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

354.0m367.4m398.9m371.2m384.7m398.2m406.4m422.8m399.9m442.6m425.4m392.8m417.7m

Sales and marketing expense

193.5m182.2m241.4m218.0m218.7m206.0m241.6m222.4m225.9m267.1m210.7m209.2m231.8m

Operating expense total

302.1m336.2m241.4m318.3m355.7m206.0m346.3m294.7m339.1m332.8m355.4m336.0m380.4m

Depreciation and amortization

11.6m23.0m12.8m15.1m15.0m14.6m13.9m13.5m13.3m12.6m12.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

36.6m22.8m25.0m22.3m437.6m

Accounts Receivable

257.6m284.6m273.9m289.1m542.0m

Inventories

24.0m24.7m20.7m21.9m44.2m

Current Assets

470.0m482.5m481.2m505.3m2.0b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

25.9m22.1m30.3m18.1m19.7m29.9m27.9m17.2m32.1m44.5m27.4m27.8m35.0m

Accounts Receivable

238.6m240.8m263.6m289.7m269.5m278.2m294.6m281.3m273.4m284.8m275.5m286.7m297.4m

Inventories

25.7m26.5m22.2m26.2m29.5m24.2m23.4m24.0m21.9m20.0m25.7m23.3m21.4m

Current Assets

417.8m418.3m476.0m522.7m470.3m520.1m531.5m488.6m501.7m531.5m494.9m535.7m542.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

113.5m136.8m33.9m188.9m

Depreciation and Amortization

48.7m56.5m59.2m53.9m

Inventories

4.1m(1.0m)3.5m(1.2m)

Accounts Payable

1.6m10.0m(11.9m)(15.5m)(13.0m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

54.6m73.1m29.4m39.6m25.3m11.0m43.5m124.5m34.0m105.8m145.6m33.4m192.7m

Depreciation and Amortization

23.4m35.2m12.8m14.3m14.6m15.1m30.1m44.7m13.9m27.4m40.7m12.6m25.0m

Inventories

22.2m26.2m29.5m24.2m23.4m24.0m21.9m20.0m25.7m

Accounts Payable

77.3m76.3m83.7m96.9m76.9m71.2m74.5m75.7m75.7m
USDY, 2018

EV/EBIT

53.2 x

Debt/Equity

2.9 x

Debt/Assets

0.5 x

Financial Leverage

6.1 x
Show all financial metrics

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
Show all operating metrics

Meredith Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TimeNovember 26, 2017$2.80 b

Meredith Revenue Breakdown

Embed Graph

Meredith revenue breakdown by business segment: 33.2% from Local media and 66.8% from National media

Report incorrect company information

Meredith Online and Social Media Presence

Embed Graph
Report incorrect company information

Meredith News and Updates

Digital Magazine Publishing 2018 Global Market Key Players – Advance Publication, American Media, Bloomberg, Forbes, Hearst, Meredith, New York Media – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Digital Magazine Publishing Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Meredith To Present At UBS Investor Conference

DES MOINES, Iowa, Nov. 27, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; meredith.com), the leading media and marketing company with national brands serving 175 million unduplicated Americans — including 80 percent of U.S. millennial women and a paid subscription base of more than ...

Meredith Corporation Bolsters Sales Team For Luxury Group

NEW YORK, Nov. 15, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com) has named Melissa Strome Automotive and Finance Director and Maria Eliason Fashion Director of the company's Luxury Group, effective immediately. Strome, who most recently worked at Active Interest...

More From Meredith Patterson, GB Sciences' Brain Nurse, As She Examines the Workings of CBD

LAS VEGAS, Nov. 14, 2018 /PRNewswire/ -- GB Sciences, Inc. (OTCQB: GBLX) offers a series of blogs by "the brain nurse", Meredith Patterson RN, BSN, CRRN. In her over 25yrs of experience in neuroscience nursing, Meredith has always paid close attention to her patients. She listens to them; ...

Meredith Corporation Names Jacqueline Gifford Editor In Chief Of Travel + Leisure

NEW YORK, Nov. 12, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com), the leading media and marketing company that serves 175 million unduplicated American women and 80 percent of U.S. millennial women, announced today that Jacqueline Gifford has been promoted to...

Meredith to sell Fortune magazine for $150 million

Meredith to sell Fortune magazine for $150 million
Show more
Report incorrect company information

Meredith Blogs

Parents Magazine Reveals The Best Baby Gear Of 2018

Parents, the most trusted brand and leading voice for millennial moms, today announced the Best Baby Gear of 2018 for infants and newborns. This year, Parents received 64,311 votes for products...

Meredith Announces Several New Senior Publishing Roles And Promotions

Meredith Corporation (NYSE: MDP; www.meredith.com), the leading media and marketing company reaching 175 million American consumers, including 80 percent of millennial women, today announced...

Meredith Finalizes Sale Of TIME Media Brand To Marc And Lynne Benioff

Meredith Corporation (NYSE:MDP; www.meredith.com) – the leading media and marketing company reaching 175 million American consumers each month including 80 percent of U.S. millennial women –...

Registration Opens For The 2019 SHAPE Women's Half-Marathon

Meredith Corporation, (NYSE: MDP; www.meredith.com) the leading media and marketing company, today announced the launch of registration for the 16th Annual SHAPE Women's Half-Marathon. Hosted by...

Meredith Corporation To Announce Its Plans To Extend Live Programming And New IGTV Programming At Inaugural Digital Content NewFronts West

Meredith Corporation (NYSE: MDP; meredith.com), the leading media and marketing company—which reaches 175 million Americans every month, including 80 percent of U.S. millennial women—will...

FOOD & WINE Collaborates With Blackberry Farm Brewery To Create Limited Edition 40th Anniversary Beer, "Ampersand Saison"

Today, Meredith's (NYSE: MDP, Meredith.com) FOOD & WINE is announcing its collaboration with Blackberry Farm Brewery to create a 40th anniversary and limited-edition beer called Ampersand Saison....
Show more

Meredith Company Life and Culture

Report incorrect company information

Meredith Frequently Asked Questions

  • When was Meredith founded?

    Meredith was founded in 1902.

  • Who are Meredith key executives?

    Meredith's key executives are Tom Harty and Steve Lacy.

  • How many employees does Meredith have?

    Meredith has 3,500 employees.

  • Who are Meredith competitors?

    Competitors of Meredith include Spot Runner, LaneTerralever and Gannett.

  • Where is Meredith headquarters?

    Meredith headquarters is located at 1716 Locust St, Des Moines.

  • Where are Meredith offices?

    Meredith has offices in Des Moines, Washington, Troy, Springfield and in 22 other locations.

  • How many offices does Meredith have?

    Meredith has 26 offices.