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Meredith Corp (MDP.N)

MDP.N on New York Stock Exchange

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About

Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company's Local Media segment includes 16 owned television stations, one managed television station and... (more)

Overall

Beta: 1.27
Market Cap(Mil.): $3,089.82
Shares Outstanding(Mil.): 44.68
Dividend: 0.52
Yield (%): 2.92

Financials

  Industry Sector
P/E (TTM): -- 27.73 15.25
EPS (TTM): -- -- --
ROI: -- 7.86 33.27
ROE: -- 9.73 16.35

Meredith’s Time buy helps lift U.S. media lending to 11-year high

NEW YORK U.S. media group Meredith Corp’s planned purchase of Time Inc is the latest in a run of mergers that have boosted media lending to the highest point in more than a decade as the sector regroups to fight online content providers.

Nov 29 2017

LPC: Meredith’s Time buy helps lift US media lending to 11-yr high

NEW YORK, Nov 29 US media group Meredith Corp’s planned purchase of Time Inc is the latest in a run of mergers that have boosted media lending to the highest point in more than a decade as the sector regroups to fight online content providers.

Nov 29 2017

Breakingviews - Slim chance of Kochs taking over Meredith media

NEW YORK (Reuters Breakingviews) - Despite some media pundits’ suspicions to the contrary, David and Charles Koch may be cooking up nothing more than a decent investment in publisher Meredith. Through Koch Industries’ private-equity arm, the Republican-leaning activist U.S. billionaires are sinking $650 million into Meredith to help it buy Time Inc for $2.8 billion including debt. The Kochs get preferred shares, but no votes or board seats. Like Carlos Slim’s loan to the New York Times, the pote

Nov 28 2017

Meredith to buy U.S. publisher Time in Koch-backed deal

U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch. | Video

Nov 27 2017

Deals of the day-Mergers and acquisitions

Nov 27 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

Nov 27 2017

BRIEF-Meredith Corp plans to cut hundreds of jobs after acquisition of Time Inc- FT

* Meredith Corp plans to cut hundreds of jobs after its acquisition Of Time Inc - FT, citing sources

Nov 27 2017

PRESS DIGEST-New York Times business news - Nov 27

Nov 27 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Nov 27 2017

UPDATE 6-Meredith to buy U.S. publisher Time in Koch-backed deal

* Including debt, deal values Time at $2.8 billion (Adds that Time Inc owns People Magazine)

Nov 26 2017

BRIEF-Time Inc to be acquired by Meredith Corp for $18.50 per share

* DEAL WITH MEREDITH SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND REGULATORY APPROVALS

Nov 26 2017

BRIEF-Meredith Corp to buy Time Inc in all-cash transaction valued at $2.8 bln

* ORATION TO ACQUIRE TIME INC. TO CREATE PREMIER MEDIA AND MARKETING COMPANY SERVING NEARLY 200 MILLION AMERICAN CONSUMERS

Nov 26 2017

Earnings vs. Estimates