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Meredith Corp (MDP.N)

MDP.N on New York Stock Exchange

52.65USD
4:02pm EDT
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$-0.49 (-0.92%)
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$53.14
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$53.13
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$52.32
Volume
87,784
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104,401
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$62.36
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$47.47

Latest Key Developments (Source: Significant Developments)

Meredith Q3 Earnings Per Share $0.20 From Continuing Operations
Friday, 10 May 2019 08:00am EDT 

Meredith Corp ::MEREDITH REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.20 FROM CONTINUING OPERATIONS.Q3 REVENUE $743 MILLION VERSUS REFINITIV IBES ESTIMATE OF $725.8 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.71 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $6.92 TO $7.07.Q3 ADJUSTED EARNINGS PER SHARE $1.52.SEES FY 2019 REVENUE $3.12 BILLION TO $3.16 BILLION.FY2019 EARNINGS PER SHARE VIEW $3.88, REVENUE VIEW $3.08 BILLION -- REFINITIV IBES DATA.MEREDITH EXPECTS FULL-YEAR FISCAL 2019 ADJUSTED EBITDA TO RANGE FROM $700 MILLION TO $710 MILLION.MAKING STRATEGIC INVESTMENTS IN OUR PORTFOLIO AND CAPABILITIES, INCLUDING NEW DIGITAL PLATFORMS.MEREDITH CONTINUES TO EXPECT TO DELIVER $550 MILLION OF NET ANNUAL COST SYNERGIES BY END OF FISCAL 2020 AS A RESULT OF TIME INC.WILL TAKE LONGER THAN ORIGINALLY ANTICIPATED TO ACHIEVE REMAINDER OF SYNERGIES FROM ACQUISITION OF TIME.SEES 2019 NATIONAL MEDIA GROUP REVENUES TO RANGE FROM $2.26 BILLION TO $2.29 BILLION.MEREDITH REALIZED PROCEEDS OF $340 MILLION IN FISCAL 2019 FROM SALE OF NON-CORE ASSETS.MEREDITH - ANTICIPATES AGREEMENTS TO SELL SPORTS ILLUSTRATED BRAND AND ITS 60% EQUITY INVESTMENT IN VIANT TO BE FINALIZED IN NEAR FUTURE.SEES 2019 EARNINGS FROM CONTINUING OPERATIONS TO RANGE FROM $2.07 TO $2.25 ON A PER SHARE BASIS.FY2019 EARNINGS PER SHARE VIEW $3.88, REVENUE VIEW $3.08 BILLION -- REFINITIV IBES DATA.  Full Article

Authentic Brands Group In Talks To Buy Sports Illustrated - WSJ Reporter On Twitter
Thursday, 25 Apr 2019 02:25pm EDT 

April 25 (Reuters) - :AUTHENTIC BRANDS GROUP IS IN TALKS TO BUY SPORTS ILLUSTRATED FOR ABOUT $110 MILLION - WSJ REPORTER ON TWITTER.  Full Article

Meredith Corporation Names Dan Wakeford Editor In Chief Of PEOPLE
Thursday, 14 Mar 2019 10:49am EDT 

March 14 (Reuters) - Meredith Corp ::MEREDITH CORPORATION NAMES DAN WAKEFORD EDITOR IN CHIEF OF PEOPLE.MEREDITH CORP - WAKEFORD SUCCEEDS JESS CAGLE.  Full Article

Christopher Roberts III Appointed To Meredith Board Of Directors
Tuesday, 5 Feb 2019 10:24am EST 

Feb 5 (Reuters) - Meredith Corp ::CHRISTOPHER ROBERTS III APPOINTED TO MEREDITH BOARD OF DIRECTORS.BOARD EXTENDS CHAIRMAN STEPHEN M. LACY'S TERM TO NOVEMBER 2020.ROBERTS WILL STAND FOR ELECTION FOR A FULL TWO-YEAR TERM EXPIRING NOVEMBER 10, 2021.  Full Article

Meredith Corp Declared Regular Quarterly Dividend Of $0.545 Per Share
Wednesday, 14 Nov 2018 05:01pm EST 

Nov 14 (Reuters) - Meredith Corp ::MEREDITH CORP - DECLARED A REGULAR QUARTERLY DIVIDEND OF $0.545 PER SHARE.MEREDITH CORP - SHAREHOLDERS ELECTED PAULA A. KERGER, PRESIDENT AND CEO OF PBS, TO MEREDITH BOARD OF DIRECTORS FOR A THREE-YEAR TERM EXPIRING IN 2021.  Full Article

Meredith Qtrly Loss Per Share $0.06
Wednesday, 7 Nov 2018 07:00am EST 

Nov 7 (Reuters) - Meredith Corp ::MEREDITH REPORTS FISCAL 2019 FIRST QUARTER RESULTS.SEES FY 2019 REVENUE $3.0 BILLION TO $3.2 BILLION.SEES Q2 2019 REVENUE $850 MILLION TO $870 MILLION.Q1 REVENUE $757 MILLION VERSUS I/B/E/S VIEW $751.5 MILLION.SAYS REAFFIRMS GOALS OF $1 BILLION OF DEBT REDUCTION IN FY 2019 AND $1 BILLION OF EBITDA IN FY 2020.SEES FY 2019 EARNINGS PER SHARE FROM CONTINUING OPERATIONS $2.49 TO $2.91.SEES FY 2019 EXCLUDING SPECIAL ITEMS, EARNINGS PER SHARE FROM CONTINUING OPERATIONS $2.78 TO $3.20.QTRLY LOSS PER SHARE $0.06.Q1 EARNINGS PER SHARE VIEW $-0.20 -- THOMSON REUTERS I/B/E/S.  Full Article

Time Says Editor-In-Chief Edward Felsenthal Has Been Appointed Editor-In-Chief And CEO Of Time
Monday, 5 Nov 2018 11:26am EST 

Nov 5 (Reuters) - :TIME SAYS EDITOR-IN-CHIEF EDWARD FELSENTHAL HAS BEEN APPOINTED EDITOR-IN-CHIEF AND CEO OF TIME.  Full Article

Meredith Corp Says Will Merge Cooking Light Magazine With Eatingwell
Wednesday, 12 Sep 2018 05:23pm EDT 

Sept 12 (Reuters) - Meredith Corp ::MEREDITH CORP - TO MERGE COOKING LIGHT MAGAZINE WITH EATINGWELL.MEREDITH CORP - NEW EATINGWELL WILL LAUNCH WITH JANUARY/FEBRUARY 2019 ISSUE AND WILL BE PUBLISHED 10 TIMES PER YEAR.MEREDITH CORP - CAREY WITMER, EATINGWELL PUBLISHER TIFFANY EHASZ TO MANAGE ADVERTISING REVENUE FOR ENHANCED EATINGWELL.MEREDITH CORP - EDITORIAL TEAM FOR EATINGWELL WILL REMAIN BASED IN VERMONT, LED BY EDITOR IN CHIEF JESSIE PRICE.MEREDITH CORP - WILL LAUNCH A NEW COOKING LIGHT SPECIAL INTEREST NEWSSTAND-ONLY TITLE IN 2019 THAT WILL BE PUBLISHED SIX TIMES PER YEAR.MEREDITH CORP - BRANDED BUSINESSES BOTH COOKING LIGHT AND EATINGWELL TO CONTINUE TO OPERATE UNDER CURRENT NAMES.  Full Article

Nielsen And Meredith Corp Renew Multi-Year Agreement For Local TV
Thursday, 23 Aug 2018 09:00am EDT 

Aug 23 (Reuters) - Meredith Corp ::NIELSEN AND MEREDITH CORPORATION RENEW MULTI-YEAR AGREEMENT FOR LOCAL TV AUDIENCE MEASUREMENT.MEREDITH - CO, NIELSEN REACHED MULTI-YEAR RENEWAL AGREEMENT FOR NIELSEN TV RATINGS ACROSS ALL MEREDITH LOCAL MEDIA GROUP TELEVISION STATIONS, MARKETS.  Full Article

Meredith Corp Board Of Directors Declares Quarterly Dividend
Wednesday, 9 May 2018 05:48pm EDT 

May 9 (Reuters) - Meredith Corp ::MEREDITH CORPORATION BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND.MEREDITH CORP - BOARD OF DIRECTORS TODAY DECLARED A REGULAR QUARTERLY DIVIDEND OF $0.545 PER SHARE.  Full Article

Meredith sells Sports Illustrated to Authentic Brands to further digital push

Media company Meredith Corp said on Monday it has agreed to sell Sports Illustrated to U.S-based entertainment company Authentic Brands Group LLC for $110 million, as it looks to scale its digital media business. | Video