|Bid||0.00 x 800|
|Ask||56.00 x 1000|
|Day's Range||54.42 - 55.90|
|52 Week Range||47.30 - 72.25|
|Beta (3Y Monthly)||1.65|
|PE Ratio (TTM)||38.02|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||2.18 (3.96%)|
|1y Target Est||57.80|
Sep.17 -- Jon Klein, Tapp Media chairman, and Bloomberg's Nico Grant discuss why Salesforce.com Inc. co-founder Marc Benioff and his wife, Lynne, agreed to buy Time magazine from Meredith Corp. for $190 million in cash. They speak with Bloomberg's Emily Chang on "Bloomberg Technology." (Corrects description of the agreement.)
Salesforce CEO Marc Benioff, and his wife Lynne Benioff have made a big move into the media industry. The couple on Sunday announced the purchase of Time Magazine for $190 million.
Since the company started its health and wellness program in 2008, annual health insurance cost increases have dropped significantly.
Meredith (MDP) is battling soft EBITDA margin and print media decline. However, acquisitions and restructuring actions are likely to drive growth.
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. "Kevin has been an outstanding leader in the Meredith Local Media Group since 2005, and I am confident that he is the right person to lead 'Arizona's Family' into the future," said Patrick McCreery, Meredith Local Media Group President.
In his new role, Brown will oversee advertising revenue growth and strategy across Meredith's station group. Brown has worked for KVVU-TV (FOX 5), Meredith's FOX affiliate in Las Vegas, for more than 16 years.
Thousands of Women to Gather on Sunday, April 14, in New York's Central Park for One of the Largest Women's-Only Half-Marathons in the Country NEW YORK , Oct. 11, 2018 /PRNewswire/ -- Meredith Corporation, ...
The presentation will highlight Meredith's unprecedented suite of marketing solutions, including its quality storytelling and data and insights capabilities that deliver impactful results for advertisers.
Individuals, who own more than half of all state and local governments bonds directly or through mutual funds and don’t follow the minute-by-minute movement of interest rates, haven’t hit the sell button yet. Prices have slipped steadily since Wednesday and continued to edge down Friday, when the U.S. Labor Department reported that the unemployment rate hit a nearly half-century low. “Rates have moved but there hasn’t been a material sell-off," said Nicholos Venditti, a municipal-bond portfolio manager with Thornburg Investment Management in Santa Fe, New Mexico.
Kid Tested, Parent Approved! This Year's Hottest Toys Include Surprise-Inside Toys, Wearable Fun and Silly Robots NEW YORK , Oct. 5, 2018 /PRNewswire/ -- Parents magazine, the most trusted brand and leading ...
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 26 th Annual ...
Sinclair Broadcast Group may have failed in its bid to acquire Chicago-based Tribune Media Co. (NYSE: TRCO), but it's still part of the consortium that owns Stadium, the Chicago-based 24/7 multi-platform sports network. On Monday, Stadium said it has inked a deal to live stream the second annual Cayman Islands Classic, a high-profile preseason college basketball tournament, at Facebook.com/stadiumcollegebasketball. This new arrangement means 1.4 billion daily active Facebook users will for the first time have access to the Cayman Islands basketball tournament, which will add to Stadlum’s existing lineup on Facebook that includes live college and high school football and basketball games, as well as Olympic sports.
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 26 th Annual ...
NEW YORK, Sept. 20, 2018 /PRNewswire/ -- 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. Earlier this month, FOOD & WINE began the celebration of its milestone anniversary with the launch of the September issue. As a nod to the predominance of French cuisine in the first issues of FOOD & WINE in 1978, this limited-edition Saison incorporates two unique hop varieties, Nelson Sauvin, a New Zealand hop that displays similar flavors to Sauvignon Blanc grapes, and French Aramis Hops, which are grown in the Alsace region of France.
Meredith Corporation (MDP) delivered earnings and revenue surprises of -63.89% and 0.14%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
By buying Time for $190 million, Salesforce CEO Marc Benioff continues the recent trend of tech billionaires buying print media – and it isn't about the financial potential.
Revenue is expected to fall nearly 9% to $158 million in 2018, reflecting industrywide pressures, while operating income will be about the same. The Benioffs are paying around 5.76 times operating profit for Time magazine. Craig Huber, a media analyst at Huber Research Partners, said “Meredith did very well with the price that they got.” He said the Benioffs may find it difficult to operate a single magazine at a time when magazine publishers with greater scale are struggling.
Billionaire Marc Benioff’s purchase of 95-year-old Time magazine didn’t come as a surprise to Rick Edmonds, a veteran media business analyst at Poynter Institute, a non-profit journalism school in St. Petersburg, Fla. On Sunday, Benioff, 53, founder of cloud computing company Salesforce.com Inc., announced that he would pay $190 million in cash from his personal wealth to acquire Time from Meredith Corp, which had purchased the news magazine from Time Inc. almost eight months ago. Benioff is worth $6.6 billion, according to Forbes’ estimate.
A billionaire with good intentions might be the best kind of owner for a media organization, former CNN chairman and Time managing editor Walter Isaacson says. Isaacson says Marc Benioff has pure intentions when it comes to Time, but he will probably apply his business savvy to running the company, similar to what Jeff Bezos has done at The Washington Post. A billionaire with good intentions might be the best kind of owner for a media organization, former CNN chairman and Time managing editor Walter Isaacson told CNBC on Monday.
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 ...