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.

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

Latest Updates

Employees (est.) (Dec 2017)3,500
Job Openings233
Revenue (FY, 2017)$1.7 B(+4%)
Share Price (Feb 2019)$55.5

Key People/Management at Meredith

Tom Harty

Tom Harty

President, Chief Executive Officer
Steve Lacy

Steve Lacy

Executive Chairman
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Meredith Office Locations

Meredith has offices in Des Moines, Washington, Troy, Springfield 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 Revenue

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

EBIT (FY, 2018)

99.0m

Market capitalization (15-Feb-2019)

2.5b

Closing stock price (15-Feb-2019)

55.5

Cash (30-Jun-2018)

437.6m

EV

5.2b
Meredith's current market capitalization is $2.5 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

52.5 x

Debt/Equity

2.9 x

Debt/Assets

0.5 x

Financial Leverage

6.1 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
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

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Meredith Online and Social Media Presence

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Meredith News and Updates

Duke Investigating Rape Allegation Made by Meredith Watson

Duke Investigating Rape Allegation Made by Meredith Watson

Meredith To Report Fiscal 2019 Second Quarter And First Half Results

DES MOINES, Iowa, Feb. 7, 2019 /PRNewswire/ -- The Meredith Corporation (NYSE:MDP; www.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 ...

Magazine publisher Meredith lifts dividend

Magazine publisher Meredith lifts dividend

People magazine publisher Meredith raises dividend to yield over 4.3%

Meredith Corp. [mdp], the parent of "People" and "Better Homes & Gardens" magazines and TV station operator, said Monday it will raises its quarterly dividend by 5.5% to 57.5 cents a share. The new dividend will be payable March 15 to shareholders of record on Feb. 28. The stock slipped 0.4% in …

Meredith Board Of Directors Raises Dividend 5.5 Percent To $2.30 Per Share

DES MOINES, Iowa, Feb. 4, 2019 /PRNewswire/ -- The Meredith Corporation (NYSE:MDP; www.meredith.com) Board of Directors on February 2, 2019, approved a 5.5 percent increase in its regular stock dividend to $2.30 per share on an annualized basis, an increase of $0.12 per share. The next...

Tom Casey Promoted to Vice President of Engineering and Technology for Meredith Local Media Group

DES MOINES, Iowa, Jan. 15, 2019 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com) announced today that Tom Casey has been promoted to Vice President of Engineering and Technology for the Meredith Local Media Group, effective immediately. In his new role, Casey will...
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Meredith Blogs

Family Circle and MASTERCHEF JUNIOR Renew Partnership with Nationwide Sweepstakes Featuring the Ultimate Fan Experience

Family Circle, the #1-selling food and family magazine, and MASTERCHEF JUNIOR, America's #1 cooking competition television show, announced today a renewal of their overall marketing and promotion...

Christopher Roberts III Appointed to Meredith Board of Directors

The Meredith Corporation (NYSE:MDP; www.meredith.com) Board of Directors on February 2, 2019, appointed Christopher Roberts III to the Meredith Board as a Class II Director, effective at its next...

FOOD & WINE Launches F&W Cooks, A New Recipe Platform Featuring Ruth Reichl, Gail Simmons, And Other Tastemakers

FOOD & WINE, the ultimate epicurean tastemaker, published by Meredith Corporation (NYSE:MDP; www.meredith.com), is launching F&W Cooks, a new multimedia franchise premiering on FoodAndWine.com and...

Steve Lacy To Retire As Executive Chairman Of Meredith Corporation

The Meredith Corporation (NYSE:MDP; www.meredith.com) Board of Directors announced today that Executive Chairman Stephen M. Lacy will retire from the company on March 31, 2019, following his 65th...

EatingWell Debuts January/February 2019 Issue With Enhanced Product

Meredith Corporation's EatingWell magazine which today unveiled the January/February 2019 issue, now commands a circulation rate base of 1.775 million and is the largest subscription title in the...

René LaSpina Named VP/General Manager Of WSMV News 4 In Nashville

Meredith Corporation (NYSE:MDP; www.meredith.com) announced today that it has named René LaSpina Vice President and General Manager of WSMV News 4, its NBC affiliate in Nashville, TN, effective...
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Meredith Company Life and Culture

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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 Tom Harty and Steve Lacy.

  • How many employees does Meredith have?

    Meredith has 3,500 employees.

  • Who are Meredith competitors?

    Competitors of Meredith include Sanoma, 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.