|Bid||0.00 x 1000|
|Ask||0.00 x 1800|
|Day's Range||53.73 - 56.00|
|52 Week Range||47.30 - 72.25|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||80.65|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.18 (3.87%)|
|1y Target Est||60.20|
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.
DES MOINES , Iowa and NEW YORK , Nov. 9, 2018 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com ) today announced an agreement to sell the FORTUNE media brand for $150 million cash to Fortune ...
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.
has agreed to sell Fortune magazine to a Thai entrepreneur for $150m in cash, the latest move to divest the well-known brands it bought from Time Inc last year. , becomes the latest wealthy individual to buy a media company at a time when the publishing industry has been in tumult. Meredith, the US magazine publisher, bought Time Inc for $2.8bn last year in a deal backed by conservative billionaires Charles and David Koch.
This Year's Award Winners Include Must-Have Baby Essentials for Soothing, Feeding, Stepping Out and More NEW YORK , Nov. 8, 2018 /PRNewswire/ -- Parents , the most trusted brand and leading voice for ...
Local Media Group Delivers Record Political Advertising Revenue National Media Group Comparable Advertising Performance Continues to Improve Reaffirms Goals of $1 Billion of Debt Reduction in FY 2019 and ...
Here’s a sampling of what strategists are saying about the outlook for markets. Republicans adding to their Senate majority would offer an extra layer of protection for Donald Trump’s tax cuts beyond the next presidential cycle in 2020, while a Democratic House and a 50-50 Senate may not, Evercore ISI strategist Terry Haines wrote in a note Tuesday. Republicans controlling both houses would boost expectations for tax-cut extensions and could drive forecasts for higher interest rates, according to Morgan Stanley.
While strategic buyouts and restructuring actions serve as key growth drivers for Meredith (MDP), soft EBITDA margins may be a deterrent.