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
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
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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 Atlanta, Phoenix, Des Moines, New York 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 $1.65 b in FY, 2016 which is a 3.5% increase from the previous period.
USD

EBIT (FY, 2018)

99.0m

Market capitalization (15-Oct-2018)

2.4b

Closing stock price (15-Oct-2018)

53.3

Cash (30-Jun-2018)

437.6m

EV

5.1b
Meredith's current market capitalization is $2.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

1.5b1.6b1.6b

Revenue growth, %

9%3%

Sales and marketing expense

914.2m

Operating expense total

914.2m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017Q2, 2018

Revenue

371.2m398.9m384.7m406.4m398.2m399.9m442.6m422.8m425.4m810.5m

Sales and marketing expense

218.0m241.4m218.7m241.6m206.0m225.9m267.1m222.4m210.7m441.1m

Operating expense total

218.0m241.4m218.7m241.6m206.0m225.9m267.1m222.4m210.7m716.3m

Depreciation and amortization

25.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2018

Cash

36.6m22.8m25.0m437.6m

Accounts Receivable

257.6m284.6m273.9m542.0m

Inventories

24.0m24.7m20.7m44.2m

Current Assets

470.0m482.5m481.2m2.0b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Cash

30.3m18.1m19.7m29.9m27.9m17.2m32.1m44.5m27.4m35.0m

Accounts Receivable

263.6m289.7m269.5m278.2m294.6m281.3m273.4m284.8m275.5m297.4m

Inventories

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

Current Assets

476.0m522.7m470.3m520.1m531.5m488.6m501.7m531.5m494.9m542.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2018

Net Income

113.5m136.8m33.9m

Depreciation and Amortization

59.9m57.8m59.2m

Inventories

4.1m(1.0m)3.5m

Accounts Payable

1.6m10.0m(11.9m)(13.0m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Net Income

29.4m39.6m25.3m11.0m32.5m80.9m34.0m71.8m39.8m192.7m

Depreciation and Amortization

12.8m14.3m14.6m15.1m15.0m14.6m13.9m13.5m13.3m15.8m

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

51.5 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

Meredith Corporation Promotes Kevin James To VP/General Manager Of Phoenix Duopoly KPHO/KTVK

PHOENIX, Oct. 15, 2018 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com) announced today that it has promoted Kevin James to Vice President and General Manager of its television duopoly in Phoenix, KPHO-TV and KTVK-TV(CBS5 and 3TV), effective immediately. James currently...

Todd Brown Promoted To Senior Vice President And Chief Revenue Officer For Meredith Local Media Group

DES MOINES, Iowa, Oct. 15, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com) announced today that Todd Brown has been promoted to Senior Vice President and Chief Revenue Officer for the Meredith Local Media Group, effective immediately. In his new role, Brown will...

Meredith Corporation Updates Presentation Time At Deutsche Bank Investor Conference

DES MOINES, Iowa, Oct. 2, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; meredith.com), one of America's leading media and marketing companies, expects to present at the Deutsche Bank 26th Annual Leveraged Finance Conference at 9:20 a.m. PDT on October 3, 2018. This is an updated...

Meredith Corporation To Present At Deutsche Bank Investor Conference

DES MOINES, Iowa, Sept. 28, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; meredith.com), one of America's leading media and marketing companies, will present at the Deutsche Bank 26th Annual Leveraged Finance Conference at 2:55 p.m. PDT on October 3, 2018. A copy of the...

resTORbio Appoints Meredith Manning as Chief Commercial Officer

BOSTON, Sept. 18, 2018 (GLOBE NEWSWIRE) -- resTORbio, Inc. (Nasdaq:TORC), a clinical biopharmaceutical company focused on helping people live healthier longer through the development and commercialization of novel therapeutics for the treatment of aging-related diseases, today announced the appoin…

Meredith Names Steven Grune Vice President Of Brand Licensing

NEW YORK and DES MOINES, Iowa, Sept. 17, 2018 /PRNewswire/ -- Meredith Corporation (NYSE:MDP, www.meredith.com) – the leading media and marketing company reaching 175 million American consumers each month with powerhouse national brands – announced today that Steven Grune has been named...
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Meredith Blogs

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....

Join Southern Living To Kick-Off Round Top On Monday, October 1st

Meredith Corporation's Southern Living will host a kick-off party to Round Top on Monday, October 1st from 9:00am until 11:00am at the Southern Living 2018 Idea House located at 6401 Rusty Ridge...

Meredith's EatingWell To Combine Forces With Cooking Light To Create Largest High-Frequency Magazine In Epicurean Category With 1.775 Million Circulation

Meredith Corporation (NYSE: MDP; www.meredith.com), the leading media and marketing company serving 175 million unduplicated American women and 80 percent of U.S. Millennial women, announced today...

/C O R R E C T I O N -- Meredith Corporation/

In the news release, Meredith Corporation Names Scott Macon President Of The Synapse Group, issued 06-Sep-2018 by Meredith Corporation over PR Newswire, we are advised by the company that "The...
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Meredith Company Life and Culture

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