MDP - Meredith Corporation

NYSE - NYSE Delayed Price. Currency in USD

Meredith Corporation

1716 and 1615 Locust Street
Des Moines, IA 50309
United States
515-284-3000
http://www.meredith.com

SectorConsumer Cyclical
IndustryPublishing
Full Time Employees5,560

Key Executives

NameTitlePayExercisedYear Born
Mr. Thomas H. HartyPres, CEO & Director3.45M3.59M1963
Mr. Joseph H. CeryanecChief Financial Officer2.25M426.42k1961
Mr. John S. ZieserChief Devel. Officer, Gen. Counsel & Sec.2.3M212.58k1959
Mr. Mike LovellDirector of Investor RelationsN/AN/AN/A
Mr. Art SlusarkChief Communications OfficerN/AN/AN/A
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. It publishes media in entertainment, food, lifestyle, parenting, and home categories, such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and other brands, as well as 300 special interest publications under approximately 80 brands. This segment operates approximately 60 Websites and applications. It is also involved in the affinity marketing, third-party marketing, consumer database, and other related operations, as well as provision of magazine advertising and circulation, digital and customer relationship marketing, other custom publishing project, and ancillary products and services. In addition, this segment operates The Foundry, a creative content studio, which develops content marketing programs across various platforms comprising native advertising that enable clients to engage new consumers and build long-term relationships with existing customers for a range of industries. The Local Media segment operates approximately 17 television stations that include 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. It also includes 12 Websites, 12 mobile-optimized Websites, and approximately 30 applications focused on news, sports, and weather-related information. In addition, this segment sells geographic and demographic-targeted digital and print advertising programs to third parties. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

Corporate Governance

Meredith Corporation’s ISS Governance QualityScore as of July 29, 2019 is 5. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 8; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.