OverviewSuggest Edit

Meredith is a media and marketing services company. It operates two business segments: national media and local media. The national media segment provides brands delivered via media platforms including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. The company is focused on the entertainment, food, lifestyle, parenting, and home categories, which include titles such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Southern Living, and Martha Stewart Living. The local media segment consists of television stations as well as related digital and mobile media assets.

TypePublic
Founded1902
HQDes Moines, IA, US
Websitemeredith.com
Employee Ratings3.5
Overall CultureC

Latest Updates

Employees (est.) (Jun 2019)5,560(-25%)
Job Openings447
Revenue (FY, 2020)$2.8 B(-10%)
Share Price (Sept 2021)$42.2(+2%)
Cybersecurity ratingCMore

Key People/Management at Meredith

Thomas H. Harty

Thomas H. Harty

Chairman, Chief Executive Officer and President
Patrick McCreery

Patrick McCreery

President, Meredith Local Media Group
John Zieser

John Zieser

Chief Development Officer, General Counsel
Daphne Kwon

Daphne Kwon

Chief Strategy Officer
Jason Frierott

Jason Frierott

Chief Financial Officer
Dina Nathanson

Dina Nathanson

Senior Vice President, Human Resources
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Meredith Office Locations

Meredith has offices in Des Moines, Atlanta, Beaverton, Bloomfield Hills and in 23 other locations
Des Moines, IA, US (HQ)
1716 Locust St
Atlanta, GA, US
3399 Peachtree Rd NE
Atlanta, GA, US
425 14th St NW
Beaverton, OR, US
14975 NW Greenbrier Pkwy
Bloomfield Hills, MI, US
39577 Woodward Ave
Chicago, IL, US
130 E Randolph St
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Meredith Financials and Metrics

Meredith Revenue

Meredith's revenue was reported to be $2.85 b in FY, 2020
USD

Revenue (Q3, 2021)

303.6m

Market capitalization (15-Sept-2021)

1.9b

Closing stock price (15-Sept-2021)

42.2
Meredith's current market capitalization is $1.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.7b2.2b3.2b2.8b

Revenue growth, %

4%31%42%

Cost of goods sold

603.0m860.6m1.2b

Gross profit

1.1b1.4b2.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

392.8m417.7m648.8m756.7m853.5m743.4m725.2m810.5m701.7m693.5m525.1m303.6m

Cost of goods sold

155.8m158.7m249.5m286.1m302.9m284.4m273.7m280.1m257.4m

Gross profit

237.0m259.0m399.3m470.6m550.6m459.0m451.5m530.4m444.3m

Gross profit Margin, %

60%62%62%62%65%62%62%65%63%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

22.3m437.6m45.0m132.4m

Accounts Receivable

289.1m542.0m609.1m461.9m

Prepaid Expenses

19.3m

Inventories

21.9m44.2m62.7m34.2m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

188.9m99.4m46.3m(234.3m)

Depreciation and Amortization

53.9m129.0m247.6m142.9m

Inventories

(1.2m)(300.0k)(18.4m)28.5m

Accounts Payable

(15.5m)(13.0m)36.2m(118.8m)
Quarterly
USDFY, 2017

Revenue/Employee

489.5k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x
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Meredith Operating Metrics

Meredith's Monthly Unique Visitors was reported to be 150 m in FY, 2019. Meredith's Users was reported to be 180 m in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Countries

7010080808080

Monthly Unique Visitors

51 m70 m71 m135 m150 m

Paying Users

40 m40 m

Users

175 m180 m
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Meredith Acquisitions / Subsidiaries

Company NameDateDeal Size
SwearByJanuary 09, 2020
Stop, Breathe & Think, PBCOctober 29, 2019
TimeNovember 26, 2017$2.8 b
Time Inc.November 26, 2017
QponixJune 19, 2015
Weider Publications - Shape, Fit Pregnancy and Natural Health Brands and MagazinesJanuary 28, 2015
Selectable MediaDecember 31, 2014
WALA-TV Fox 10December 19, 2014$86 m
MyWeddingNovember 13, 2014
WGGB/WSHMJune 19, 2014$53.8 m
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Meredith Revenue Breakdown

Embed Graph

Meredith revenue breakdown by business segment: 27.1% from Local media and 72.9% from National media

Meredith Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Meredith Online and Social Media Presence

Embed Graph

Meredith Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    B-

    69/100

  • Compensation

    C

    63/100

Learn more on Comparably

Meredith News and Updates

Meredith earnings beat expectations, as digital advertising revenue jumps

Meredith Corp. reported Thursday fiscal fourth-quarter earnings that topped expectations, amid strength in digital advertising revenue which exceeded magazine revenue for the year for the first time. Share of the media company, which magazines include "PEOPLE," "Better Homes & Gardens" and "Sou…

Meredith Reports Fiscal 2021 Fourth Quarter And Full Year Results

DES MOINES, Iowa, Aug. 12, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) today reported fiscal 2021 fourth quarter and full year results as summarized below. All financial results refer to fiscal 2021 fourth quarter or full year and the comparable prior-year period unless...

Nielsen and Meredith Corporation Renew Multi-year Agreement for Local TV Audience Measurement

NEW YORK, Aug. 10, 2021 /PRNewswire/ -- Nielsen (NYSE: NLSN) and Meredith Corporation (NYSE: MDP), announced today that they have reached a multi-year renewal agreement for Nielsen Local TV ratings. The agreement includes a range of audience measurement and analytical services across all...

Meredith Corporation Accepts Revised Proposal From Gray Television To Acquire Local Media Group

DES MOINES, Iowa, June 3, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) today announced that it has accepted a revised proposal from Gray Television, Inc. (NYSE: GTN) to acquire Meredith's Local Media Group ("LMG") for approximately $2.825 billion in cash ("the revised Gray...

Meredith Corporation Launches Paw Print Magazine Tailored for Cat and Dog Owners

NEW YORK, May 11, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP), a leading media company reaching almost 70% of all pet owners in the U.S., including nearly 80 million dog owners and over 40 million cat owners, today announced the launch of Paw Print, the largest consumer magazine...

Verusen Names Industry Veteran Aaron Meredith as Executive Industry Advisor

Supply Chain Innovator and Customer Relations Expert Becomes the Newest Member of Verusen’s Senior Management Team Supply Chain Innovator and Customer Relations Expert Becomes the Newest Member of Verusen’s Senior Management Team
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Meredith Blogs

Entertainment Weekly Introduces Brand Refresh Across Platforms

Entertainment Weekly (EW) is introducing a brand refresh across all platforms, it was announced today by Mary Margaret, Editor-in-Chief. Readers can expect an improved content experience, expanded...

Better Homes & Gardens Reveals Life in Color Beauty Awards 2021 Winners

Meredith Corporation's (NYSE: MDP: Meredith.com) Better Homes & Gardens today announced the 51 winners of the Life in Color Beauty Awards 2021. Better Homes & Gardens editors and beauty experts...

FOOD & WINE Classic in Aspen Returns This Weekend for 38th Annual Event With All-Star Talent Including Martha Stewart, Carla Hall, Kwame Onwuachi, Brooke Williamson, Guy Fieri, Maneet Chauhan, Andrew Zimmern and More

Meredith Corporation's (NYSE: MDP) FOOD & WINE returns to Aspen, Colorado this weekend for the 38th annual FOOD & WINE Classic in Aspen for three days from September 10 -12th. Martha Stewart,...

SHAPE Announces Winners of 2021 Beauty Awards

Meredith Corporation's (NYSE: MDP) SHAPE announced the 83 top new beauty products in the 2021 SHAPE Beauty Awards, spanning categories of makeup, hair, body, face, and dermatologist picks. Since...

FOOD & WINE Announces The 2021 Best New Chefs In America

Meredith Corporation's (NYSE: MDP) FOOD & WINE unveils its 33rd class of Best New Chefs, spotlighting the 11 most promising up-and-coming chefs who are reinventing the restaurant experience with...

Walmart and Meredith Corporation Partner To Help Families Answer the Universal Question: ‘What’s for Dinner?’

BENTONVILLE, Ark., September 8, 2021 — Walmart Inc. (NYSE: WMT), the No. 1 U.S. retailer and world’s largest grocer, today announced a cross-platform partnership with Meredith Corporation...
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Meredith Frequently Asked Questions

  • When was Meredith founded?

    Meredith was founded in 1902.

  • Who are Meredith key executives?

    Meredith's key executives are Thomas H. Harty, Patrick McCreery and John Zieser.

  • How many employees does Meredith have?

    Meredith has 5,560 employees.

  • What is Meredith revenue?

    Latest Meredith annual revenue is $2.8 b.

  • What is Meredith revenue per employee?

    Latest Meredith revenue per employee is $512.3 k.

  • Who are Meredith competitors?

    Competitors of Meredith include News Corp, Hearst and Conde Nast.

  • Where is Meredith headquarters?

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

  • Where are Meredith offices?

    Meredith has offices in Des Moines, Atlanta, Beaverton, Bloomfield Hills and in 23 other locations.

  • How many offices does Meredith have?

    Meredith has 29 offices.