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.

Type
Public
Parent Company
Media General
HQ
Des Moines, US
Founded
1902
Size (employees)
3,500 (est)
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

Revenue (Q2, 2018)

810.5 m

Net income (Q2, 2018)

192.7 m

EBIT (Q2, 2018)

94.1 m

Market capitalization (14-Aug-2018)

2.2 b

Closing stock price (14-Aug-2018)

49.3

Cash (31-Dec-2017)

35 m

EV

2.9 b
Meredith's current market capitalization is $2.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.6 b1.6 b

Revenue growth, %

9%3%

Sales and marketing expense

914.2 m

Operating expense total

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

Revenue

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

Sales and marketing expense

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

Operating expense total

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

Depreciation and amortization

25 m
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

36.6 m22.8 m25 m

Accounts Receivable

257.6 m284.6 m273.9 m

Inventories

24 m24.7 m20.7 m

Current Assets

470 m482.5 m481.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

113.5 m136.8 m33.9 m

Depreciation and Amortization

59.9 m57.8 m59.2 m

Inventories

4.1 m(1 m)3.5 m

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

77.3 m76.3 m83.7 m96.9 m76.9 m71.2 m74.5 m75.7 m75.7 m
USDY, 2017

EV/EBIT

30.5 x

EV/CFO

28.3 x

Revenue/Employee

231.6 k

Financial Leverage

2.4 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
Time Inc November 26, 2017$2.80 b

Meredith Revenue Breakdown

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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 Board Of Directors Declares Quarterly Dividend

DES MOINES, Iowa, Aug. 8, 2018 /PRNewswire/ -- The Meredith Corporation (NYSE:MDP; www.meredith.com) Board of Directors today declared a regular quarterly dividend of $0.545 per share, or $2.18 on an annual basis. The dividend will be payable on September 14, 2018, to shareholders of...

Meredith Names Matt Petersen SVP Of The Foundry And Strategic Content

NEW YORK, Aug. 8, 2018 /PRNewswire/ -- 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, today named Matt Petersen Senior Vice President, The Foundry and...

Meredith Corporation To Report Fiscal 2018 And Fourth Quarter Results

DES MOINES, Iowa, Aug. 6, 2018 /PRNewswire/ -- 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, will host a conference call on Friday, August 10, 2018, at...

Cast Iron Soil Pipe Fittings Other Than Drain Bodies from China Injure U.S. Industry, Says USITC

The United States International Trade Commission (USITC) today made its determinations in its final phase antidumping and countervailing duty investigations. read more

15 State Lawmakers Accused Of Sexual Misconduct Advance To Primaries

In total, 25 state lawmakers have been publicly accused of sexual misconduct and are running for re-election.

The Government’s Solution To The Opioid Crisis Feels Like A War To Pain Patients

As the feds crack down on opioid prescriptions, patients are taking their own lives and doctors are losing their jobs.
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Meredith Company Life and Culture

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