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Meredith Corp (MDP)

MDP on New York Consolidated

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20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Meredith Corp says continues to expect FY adj. EPS of $3.85-$3.90
Wednesday, 10 May 2017 09:17am EDT 

May 10 (Reuters) - Meredith Corp :Meredith Corp - for full-year fiscal 2017, Meredith continues to expect record earnings per share of $4.13 to $4.18 on a GAAP basis.Meredith Corp - Meredith continues to expect record earnings per share of $3.85 to $3.90 excluding special items recorded in fiscal 2017.FY2017 earnings per share view $3.89 -- Thomson Reuters I/B/E/S.Meredith Corp - declared a regular quarterly dividend of $0.52 per share, or $2.08 on an annual basis.  Full Article

Meredith says Q3 earnings per share $0.87
Thursday, 27 Apr 2017 07:30am EDT 

April 27 (Reuters) - Meredith Corp : :Expects Q4 total local media group revenues to be up mid-single digits.Meredith reports fiscal 2017 third quarter and nine month results.Sees Q4 2017 earnings per share $0.93 to $0.98.Q3 earnings per share $0.87 excluding items.Q3 earnings per share $0.87.Q3 revenue $425 million.Sees FY 2017 earnings per share $3.85 to $3.90 excluding items.Sees FY 2017 GAAP earnings per share $4.13 to $4.18.Q3 earnings per share view $0.86, revenue view $421.3 million -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $3.87 -- Thomson Reuters I/B/E/S.Says total company digital advertising revenues grew nearly 25 percent to a Q3 record.Sees total national media group revenues to be down slightly in Q4.Sees total company revenues to be up slightly in Q4.  Full Article

Meredith Corp & Bronfman-led investor group in advance pursuit of Time, have signed non-disclosure agreement with Time - CNBC citing DJ
Tuesday, 7 Feb 2017 08:28pm EST 

Meredith Corp : Meredith Corp. & Bronfman-Led investor group in advance pursuit of Time Inc., have signed non-disclosure agreement with $TIME - CNBC citing DJ Further company coverage: [MDP.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Meredith Q2 adjusted EPS $1.30 excluding items
Wednesday, 25 Jan 2017 07:30am EST 

Meredith Corp : Meredith delivers record fiscal 2017 2nd quarter and 1st half results . Q2 earnings per share $1.58 . Q2 earnings per share view $1.20 -- Thomson Reuters I/B/E/S . Sees q3 2017 earnings per share $0.75 to $0.80 . Q2 non-gaap earnings per share $1.30 excluding items . Sees fy 2017 earnings per share $3.50 to $3.80 excluding items . Sees fy 2017 earnings per share $3.78 to $4.08 including items . Meredith- expects fiscal 2017 q3 eps to range from $0.75 to $0.80,with total revenues for each of local, national media groups flat to down slightly . Meredith Corp expect fiscal 2017 full-year earnings per share to range from $3.50 to $3.80 . Meredith Corp - in quarter, total advertising revenues increased 27 percent, driven by strong political and digital advertising performance . Meredith Corp sees q3 total revenues for each of its local and national media groups flat to down slightly . Meredith - in quarter, political spending was "particularly robust" in Las Vegas, St. Louis, Phoenix,Kansas city markets, due to very competitive "down-ballot" races . Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S .Fy2016 earnings per share view $3.27 -- Thomson Reuters I/B/E/S.  Full Article

Meredith Q4 earnings per share $1.08 excluding items
Thursday, 28 Jul 2016 08:00am EDT 

Meredith Corp : Meredith Corp says in fiscal 2017, Meredith expects a total of $40 million to $50 million of political advertising revenues at its television stations . Sees Q1 Of Fiscal 2017 Total Company Revenue To Be Up In Mid-Single digits . Quarter earnings per share to range from $0.70 to $0.75 . Meredith reports fiscal 2016 results and provides fiscal 2017 outlook . Sees FY 2017 earnings per share $3.50 to $3.80 . Sees Q1 2017 earnings per share $0.70 to $0.75 . Q4 loss per share $2.03 . Q4 earnings per share view $1.03 -- Thomson Reuters I/B/E/S . Q4 revenue $436 million versus I/B/E/S view $437.7 million . Q4 earnings per share $1.08 excluding items . Increased its dividend by 8 percent to $1.98 per share on an annualized basis . Total national media group revenues to be down in low-single digits for FY 2017 .Meredith Corp sees Q1 of fiscal 2017 total local media group revenues to be up approximately 20 percent.  Full Article

Meredith Corp forms new partnership with Pacific Magazines
Monday, 18 Apr 2016 07:00am EDT 

Meredith Corp:Says Formed a new partnership with pacific magazines.Says continues to seek "mutually beneficial relationships with strategic partners in europe , asia and latin and south america".Says formed partnership with pacific magazines to expand allrecipes brand in australia and new zealand.  Full Article

Meredith Corp announces dividend
Tuesday, 2 Feb 2016 08:00am EST 

Meredith Corp:Board of directors increases dividend more than 8 percent.Says increased its regular dividend 8.2 percent to $1.98 on an annualized basis, an increase of $0.15 per share.  Full Article

Meredith Corp and Media General agree to terminate merger agreement
Wednesday, 27 Jan 2016 08:45am EST 

Meredith Corp:Says the company and Media General Inc have agreed to terminate immediately the binding merger agreement they entered into on Sept. 8, 2015.In exchange for terminating the merger agreement, Meredith will receive $60 million in cash payable immediately.Meredith will receive an opportunity to negotiate for the purchase of certain broadcast and digital assets currently owned by Media General.  Full Article

Meredith Corp and Bellisio Foods Sign Brand licensing agreement for eatingwell healthy Frozen Food Product Line
Tuesday, 26 Jan 2016 10:00am EST 

Meredith Corp:Has agreed to a multi-year licensing partnership with Bellisio Foods, Inc., for the EatingWell ®brand.EatingWell frozen products will be available for consumer purchase at supermarkets and retail grocery stores nationwide beginning in fall 2016.  Full Article

Meredith Corporation, Sequential Brands Group announce new 10-year licensing agreement
Tuesday, 22 Dec 2015 04:15pm EST 

Meredith Corporation:Meredith, Sequential Brands Group announce new 10-year licensing agreement for Martha Stewart Media Brands.Under a new 10-year contract - which replaces a prior agreement reached, Meredith's National Media Group will assume the editorial and operational teams for all print, digital and video functions for the Martha Stewart Living and Martha Stewart Weddings media brands.  Full Article

BRIEF-Meredith Corp says continues to expect FY adj. EPS of $3.85-$3.90

* Meredith Corp - for full-year fiscal 2017, Meredith continues to expect record earnings per share of $4.13 to $4.18 on a GAAP basis