OverviewSuggest Edit

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.

TypePublic
Founded1902
HQDes Moines, US
Websitemeredith.com
Employee Ratings3.1
Culture scoreC

Latest Updates

Employees (est.) (Jun 2019)5,560(-25%)
Job Openings144
Revenue (FY, 2019)$3.2 B(+42%)
Share Price (May 2020)$11.6

Key People/Management at Meredith

Mike Lovell

Mike Lovell

Investor Relations Director
Stephen M. Lacy

Stephen M. Lacy

Chairman
Thomas H. Harty

Thomas H. Harty

President, Chief Executive Officer & Board Member
Patrick McCreery

Patrick McCreery

President of the Meredith Local Media Group
Joe Ceryanec

Joe Ceryanec

Chief Financial Officer
John Zieser

John Zieser

Chief Development Officer and General Counsel
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Meredith Office Locations

Meredith has offices in Des Moines, Arlington, Atlanta, Boston and in 22 other locations
Des Moines, US (HQ)
1716 Locust St
Arlington, US
Arlington, TX, USA
Atlanta, US
Atlanta, GA, USA
Boston, US
Boston, MA, USA
Charleston, US
161 Seven Farms Drive, Daniel Island
Chicago, US
333 N Michigan Ave
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Meredith Financials and Metrics

Meredith Revenue

Meredith's revenue was reported to be $3.19 b in FY, 2019
USD

Revenue (Q2, 2020)

810.5m

Net income (Q2, 2020)

37.8m

EBIT (Q2, 2020)

133.9m

Market capitalization (15-May-2020)

524.6m

Closing stock price (15-May-2020)

11.6

Cash (31-Dec-2019)

21.2m

EV

3.3b
Meredith's current market capitalization is $524.6 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.4b1.4b1.5b1.6b1.7b2.2b3.2b

Revenue growth, %

3%4%31%

Sales and marketing expense

93.6m89.9m90.2m914.2m934.2m

General and administrative expense

581.5m599.0m654.1m962.7m
Quarterly
USDY, 2019

EV/EBIT

25 x

EV/CFO

46.4 x

Financial Leverage

6.7 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

Countries

70 100 80

Monthly Unique Visitors

51 m70 m71 m

Websites (Local Media)

12 13 13
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Meredith Acquisitions / Subsidiaries

Company NameDateDeal Size
TimeNovember 26, 2017$2.80 b

Meredith Revenue Breakdown

Embed Graph

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

Meredith Online and Social Media Presence

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Meredith Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    C

    67/100

  • Compensation

    C

    64/100

Learn more on Comparably

Meredith News and Updates

New York Times plans to name Meredith Kopit Levien as next CEO: Bloomberg News

New York Times Co is expected to name company insider Meredith Kopit Levien as its next chief executive officer to succeed Mark Thompson, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-02-21/new-york-times-poised-to-name-meredith-kopit-levien-as-next-ceo on Friday, citing peop…

'Locke and Key' creators Meredith Averill and Carlton Cuse explain why the show is less dark than the comics

Netflix's "Locke and Key" is an adaptation of a dark comic book series created by Joe Hill and Gabriel Rodriguez. Insider spoke with the show's co-creators, Carlton Cuse and Meredith Averill, about why the series is much more family-friendly than the original material. "We wanted to make a show t…

People magazine publisher Meredith raises dividend, to yield more than 4 times the S&P 500

Shares of Meredith Corp. shot up 3.8% in morning trading Monday, after the magazine publisher said it raised its dividend by 2%, to lift the yield to more than four times that of the S&P 500's implied yield. Meredith, whose magazine brands include People, Better Homes & Gardens and Martha…

Ayesha Curry partners with Meredith for new quarterly magazine

Meredith Corp. said Wednesday that it has partnered with entrepreneur, TV personality and author Ayesha Curry on a quarterly magazine that will launch May 2020. The cover price will be $9.99 with a 400,000 initial print run for newsstands. The title of the magazine will be announced in the coming m…

Meredith Corporation Sells Equity Stake In Viant Technology Holding Inc.

DES MOINES, Iowa, Nov. 4, 2019 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com) announced today it has sold its 60 percent equity ownership of Viant Technology Holding Inc. to Viant Technology LLC, headed by founders Tim and Chris Vanderhook. Terms were not disclosed....

Viant Co-Founders Acquire Meredith Corporation's 60% Stake in Company

20th Anniversary Marks Record Revenue Year Fueled by 50% Growth
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Meredith Blogs

Parents Magazine Debuts First Annual Green Picks List

Meredith Corporation's (NYSE: MDP) Parents released this year's first annual Green Picks, a selection of over 50 products designated earth-friendly by our team of editors and experts across...

Meredith Brand Licensing Promotes Toye Cody and Sondra Newkirk

DES MOINES, IA (March 4, 2020) – Meredith Corporation (NYSE:MDP) announced today that Toye Cody and Sondra Newkirk have each been promoted to Vice President, Brand Licensing, respectively, and...

Unilever, Meredith Corporation and the Association of National Advertisers Ring Closing Bell at New York Stock Exchange in Celebration of International Women's Day and New Season Partnership for PEOPLE's #SeeHer Story

Meredith Corporation (NYSE: MDP), a brand-led media company reaching 115 million American women and 90 percent of the female U.S. population, and Unilever, one of the world's leading suppliers of...

Comscore Ranks Meredith Corporation Digital No. 1 Lifestyle Property

Meredith Corporation (NYSE: MDP), the leading multi-platform media company focused on women, reaching more than 180 million American consumers every month and 90 percent of all women in the U.S.,...

Meredith Corporation Names Jason Frierott VP & Chief Financial Officer

Meredith Corporation (NYSE:MDP) announced today that Jason Frierott has been named Vice President and Chief Financial Officer, effective March 9, 2020. He succeeds Joe Ceryanec, who is retiring...

Meredith Corp. CEO Tom Harty Purchases 10,000 Shares Of Company Stock

Meredith Corporation (NYSE:MDP; www.meredith.com) – the leading diversified media company reaching 180 million American consumers each month – announced that President and Chief Executive...
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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 Mike Lovell, Stephen M. Lacy and Thomas H. Harty.

  • How many employees does Meredith have?

    Meredith has 5,560 employees.

  • What is Meredith revenue?

    Latest Meredith annual revenue is $3.2 b.

  • What is Meredith revenue per employee?

    Latest Meredith revenue per employee is $573.5 k.

  • Who are Meredith competitors?

    Competitors of Meredith include E.W. Scripps, New York Magazine and LaneTerralever.

  • Where is Meredith headquarters?

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

  • Where are Meredith offices?

    Meredith has offices in Des Moines, Arlington, Atlanta, Boston and in 22 other locations.

  • How many offices does Meredith have?

    Meredith has 26 offices.