|Bid||0.01 x 900|
|Ask||0.00 x 800|
|Day's Range||54.01 - 56.01|
|52 Week Range||47.30 - 72.25|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||81.50|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.18 (3.94%)|
|1y Target Est||59.75|
Local news anchors often achieve low-grade celebrity status around town, but Kalodimos was unusually beloved. One year, an elementary school included her name in a spelling bee.Kalodimos did much of her own reporting, investigating radioactive waste disposal, migrant worker conditions and even an ethically questionable ‘body farm’ run by the University of Tennessee. In her 33 years at Nashville’s NBC affiliate, WSMV/Channel 4, she won 16 Emmys, 3 Investigative Reporters and Editors awards, 2 Edward R. Murrow awards, and had been inducted into the Tennessee Journalism Hall of Fame.
Ulysses Lee "Junior" Bridgeman, a former U.S. basketball player who became a fast-food mogul, is in the lead to acquire Sports Illustrated magazine from U.S. media company Meredith Corp for about $150 million, people familiar with the matter said on Friday. The deal would be the result of a review that Meredith is carrying out in its portfolio, following its $1.84 billion acquisition of Time Inc last year. It has already sold off its Time and Fortune magazines and is exploring a sale of Money Magazine.
Private equity firms and regional broadcasters are expressing interest in buying television stations that will need to be divested for the deal to be greenlighted.
Cerberus Capital Management and Apollo Global Management LLC, as well as regional broadcasters EW Scripps Co., Gray Television Inc., Meredith Corp. and Tegna Inc., are circling the stations, which could fetch as much as $1 billion, said the people, who asked not to be identified because the details aren’t public. A formal sale process is likely to start in coming weeks and the auction is expected to be completed by the time Nexstar’s merger with Tribune is slated to close in the third quarter of 2019, the people said.
The company, Memo, aims to capitalize on advertisers’ growing demand for data by creating a marketplace where they can buy audience metrics for editorial coverage—measures such as page views, scroll depth and engaged reading time. Publishers closely track page views and related information, but don’t typically share it. Publishers including Meredith Corp., BuzzFeed Inc. and PopSugar Inc. have agreed to provide their data to Memo, said Eddie Kim, the company’s founder and chief executive.
DES MOINES, Iowa , Nov. 27, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; meredith.com), the leading media and marketing company with national brands serving 175 million unduplicated Americans ...
Index (PMI) data, output in the Consumer Services sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
The parent company of retail chain FYE was accused in federal court of deceiving customers by asking them to sign up for “free” and “loyalty” membership programs and magazine subscriptions and then charging their credit and debit cards until customers canceled the services.
NEW YORK , Nov. 15, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com ) has named Melissa Strome Automotive and Finance Director and Maria Eliason Fashion Director of the company's ...
DES MOINES, Iowa, Nov. 14, 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. Meredith has delivered an average annual return of 17 percent since the launch of its Total Shareholder Return (TSR) strategy more than five years ago.
Tribune Media Co. of Chicago and five other media companies have settled with the Justice Department, which alleged they colluded to inflate TV ad prices. “The unlawful exchange of competitively sensitive information allowed these television broadcast companies to disrupt the normal competitive process of spot advertising in markets across the United States.
In honoring the country, the brand's editors noted its rich history and skyrocketing number of international visitors, its exotic parks and temple gardens and its blend of vibrant cities, mountain trails and eclectic cuisine. The Travel + Leisure Destination of the Year is the place the editors believe best captures the year's travel zeitgeist and popularity among travel enthusiasts. This year's winner follows past honorees Canada, named 2017 Destination of the Year, and Portugal, named 2016 Destination of the Year.
NEW YORK, Nov. 12, 2018 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com), the leading media and marketing company that serves 175 million unduplicated American women and 80 percent of U.S. millennial women, announced today that Jacqueline Gifford has been promoted to Editor in Chief of Travel + Leisure, effective immediately. Gifford, most recently Travel + Leisure's Travel Director, has held various senior editorial positions since she joined the leading travel media brand in 2013. Travel + Leisure reaches a global audience of more than 16 million.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Meredith Corp. said Thai businessman Chatchaval Jiaravanon has agreed to purchase Fortune magazine for $150 million in cash, a sale that gives the storied business publication a new owner for the second time this year. Like many of its peers in media, Fortune has suffered from declines in advertising and newsstand sales over the past several years, and it has increasingly focused on digital advertising and its growing conference business. The 88-year-old magazine, which first published months after the 1929 stock-market crash, continues to carry weight with business elites, reflected in the attention paid to rankings such as the Fortune 500, special issues like “World’s Most Admired Companies” and cover profiles of prominent chief executives.
On Thursday, a senior official at the Food and Drug Administration said the agency plans to restrict sales of many fruit- and dessert-flavored nicotine pods to adult-only stores. The new curbs will apply only to cartridge-style devices, such as Juul, according to the FDA official. Juul’s move is expected to affect 45 percent of its in-store retail sales, according to the person familiar with the company’s plans.
Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group. The deal, subject to regulatory approval, is expected to close by the end of the year. Meredith said Friday it will use the proceeds to pay down debt.
Meredith Corp. said Friday that it has agreed to sell Fortune magazine to Fortune Media Group Ltd. for $150 million. Fortune Media Group is owned by Chatchaval Jiaravanon, a businessman who sits on the boards of companies including True Corporation Public Co. Ltd. and Ticon Industrial Connection Public Co. Ltd., and is the chairman and founder of Charoen Energy and Water Asia Co. Ltd., among other companies. The Fortune deal is expected to close in 2018. Jiaravanon plans to invest in digital, geographical expansion, and talent, according to the announcement. Fortune was founded in 1930 and features the Fortune 500, 100 Best Companies to Work for, and other signature lists. As part of the transaction Meredith has also entered into an agreement with Jiaravanon to provide services including corporate sales and subscription fulfillment. Meredith will use the proceeds from the sale to pay down debt, and expects to reduce the company's debt load by $1 billion in fiscal 2019. Meredith shares have sunk 13.4% in 2018 while the S&P 500 index has gained 3.7% for the period.
Fortune Magazine, founded by Henry Luce in 1929 and among the oldest and most venerable business publications globally, has been sold to a private investor. announced Friday it has sold the publication to Fortune Group Media Holdings Limited, owned by Thai businessman Chatchaval Jiaravanon, for $150 million in cash. The sale marks the second divestiture of a high-profile magazine in Meredith's portfolio, which expanded after it acquired Fortune parent Time Inc. a year ago for 2.8 billion.
U.S. media company Meredith Corp said on Friday it would sell Fortune magazine for $150 million in cash to Thai businessman Chatchaval Jiaravanon, the second time the influential business magazine has changed hands this year. Best known for the "Fortune 500" list, the magazine was acquired by Meredith as part of its acquisition of Time Inc in January for $1.84 billion. Meredith has been looking to offload some of its print assets since then as it tries to put a lid on costs and repay debt.
Fortune’s staff will continue to work primarily out of New York City. The publication is currently looking for new office space.
Meredith's (MDP) stock gains on sturdy first-quarter results backed by strong sales growth in all segments. Also, management provides guidance for the second quarter, keeping the 2019 view intact.