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Meredith Corp (MDP.N)

MDP.N on New York Stock Exchange

48.60USD
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Meredith To Incur Costs Of About $300 Mln Related To Time Integration To Achieve Synergies
Tuesday, 15 May 2018 

May 15 (Reuters) - Meredith Corp ::MEREDITH SAYS IN Q3, COMMITTED TO REDUCE HEADCOUNT BY ABOUT 1,800 EMPLOYEES, PRIMARILY IN NATIONAL MEDIA & UNALLOCATED CORPORATE DEPTS - SEC FILING.EXPECTS TO INCUR COSTS OF ABOUT $300 MILLION RELATED TO TIME INTEGRATION TO ACHIEVE SYNERGIES.  Full Article

Meredith Corp Reports Qtrly Loss Per Share Of $2.74
Thursday, 10 May 2018 

May 10 (Reuters) - Meredith Corp ::MEREDITH REPORTS FISCAL 2018 THIRD QUARTER AND NINE MONTH RESULTS.Q3 REVENUE $649 MILLION VERSUS $425 MILLION.QTRLY LOSS PER SHARE $2.74.FOR Q4 OF FISCAL 2018, SEES TOTAL COMPANY NET EARNINGS TO RANGE FROM $32 MILLION TO $44 MILLION.MEREDITH - NOW EXPECTS TO ACHIEVE OVER $500 MILLION OF ANNUAL COST SAVINGS FROM TIME INC DEAL IN FIRST TWO FULL YEARS OF OPERATIONS.MEREDITH - EXPECTS Q4 NATIONAL MEDIA GROUP REVENUES TO RANGE FROM $590 MILLION TO $600 MILLION.SET GOAL TO REDUCE DEBT BY $1 BILLION BY END OF FISCAL 2019, AND GENERATE $1 BILLION OF EBITDA IN FISCAL 2020.INCLUDING PRE-TAX SPECIAL ITEMS OF $170 MILLION, Q3 NET LOSS IS $110 MILLION.  Full Article

Sinclair Provides Additional Information About Agreements To Sell TV Stations Related To Closing Tribune Media Acquisition
Wednesday, 9 May 2018 

May 9 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR PROVIDES ADDITIONAL INFORMATION ABOUT AGREEMENTS TO SELL TV STATIONS RELATED TO CLOSING TRIBUNE MEDIA ACQUISITION.SINCLAIR PROVIDES ADDITIONAL INFORMATION ABOUT AGREEMENTS TO SELL TV STATIONS RELATED TO CLOSING TRIBUNE MEDIA ACQUISITION.SINCLAIR BROADCAST GROUP INC - REACHES AGREEMENT FOR MULTI-YEAR RENEWALS OF 34 FOX AFFILIATIONS.SINCLAIR BROADCAST - EXCLUDING STATIONS WHERE CO TO CONTINUE TO SERVICES AFTER DISPOSITIONS, DIVESTED STATIONS ARE BEING SOLD FOR $1.5 BILLION.SINCLAIR BROADCAST- FOX BROADCASTING IS BUYER OF SOME TV STATIONS THAT TRIBUNE, CO EXPECT TO SELL FOR CLOSE OF CO'S ACQUISITION OF TRIBUNE STOCK.SINCLAIR - INCLUDING TRIBUNE DEAL, AND PRO FORMA FOR EXPECTED SYNERGIES, CO'S 2017, 2018 FREE CASH FLOW EXPECTED TO BE $1.550 BILLION TO $1.575 BILLION.SINCLAIR BROADCAST - FOX AGREED TO PROVIDE CO WITH OPTION TO PURCHASE TELEVISION STATIONS WPWR-TV, KTBC-TV.  Full Article

Meredith Corp To Purchase KPLR-TV For $65 Million
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Meredith Corp ::MEREDITH ADDS TO LOCAL MEDIA GROUP WITH ACQUISITION OF KPLR-TV ST. LOUIS.MEREDITH CORP - ACQUISITION OF KPLR IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON MEREDITH'S FISCAL 2018 FINANCIAL PERFORMANCE.MEREDITH CORP - WILL FUND ACQUISITION USING EXISTING CASH.MEREDITH CORP - TO PURCHASE KPLR-TV FOR $65 MILLION.  Full Article

Sinclair Agrees To Sell TV Stations Related To Closing Tribune Media Acquisition
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR ENTERS INTO AGREEMENTS TO SELL TV STATIONS RELATED TO CLOSING TRIBUNE MEDIA ACQUISITION.SINCLAIR BROADCAST- DEAL TO SELL TELEVISION STATIONS TO STANDARD MEDIA, MEREDITH CORP, HOWARD STIRK AND CUNNINGHAM BROADCASTING CORP & ANOTHER PARTY.SINCLAIR BROADCAST - SALES ARE PART OF CO'S LARGER ACQUISITION OF TRIBUNE MEDIA, IN ORDER TO OBTAIN NECESSARY GOVERNMENTAL APPROVAL OF TRIBUNE DEAL.  Full Article

‍Wright's Media says Partnership With Meredith Corp To Deliver Unrivaled Award, Editorial Licensing To Consumers​
Thursday, 5 Apr 2018 

April 5 (Reuters) - ‍Wright's Media :ANNOUNCED A PARTNERSHIP WITH MEREDITH CORPORATION TO DELIVER UNRIVALED AWARD AND EDITORIAL LICENSING TO CONSUMERS​.  Full Article

Meredith Corp To Sell Meredith Xcelerated Marketing To Accenture
Thursday, 29 Mar 2018 

March 29 (Reuters) - Meredith Corp ::MEREDITH CORPORATION TO SELL MEREDITH XCELERATED MARKETING TO ACCENTURE.FINANCIAL TERMS OF TRANSACTION ARE NOT BEING DISCLOSED.TRANSACTION WILL NOT HAVE A MATERIAL EFFECT ON ITS FISCAL 2018 FINANCIAL RESULTS.ENTERED INTO AN AGREEMENT TO SELL MEREDITH XCELERATED MARKETING (MXM) TO ACCENTURE.  Full Article

Accenture To Acquire MXM, A Content-Powered Digital Marketing Agency
Thursday, 29 Mar 2018 

March 29 (Reuters) - Accenture Plc ::ACCENTURE TO ACQUIRE MXM, A CONTENT-POWERED DIGITAL MARKETING AGENCY.ACCENTURE PLC - FINANCIAL TERMS OF TRANSACTION ARE NOT BEING DISCLOSED..ACCENTURE PLC - FINANCIAL TERMS OF TRANSACTION ARE NOT BEING DISCLOSED..ACCENTURE - ENTERED AGREEMENT TO ACQUIRE NEW YORK-BASED DIGITAL AGENCY, MEREDITH XCELERATED MARKETING.  Full Article

Meredith Announces New Sales, Marketing Structure
Monday, 26 Mar 2018 

March 26 (Reuters) - Meredith Corp ::MEREDITH NATIONAL MEDIA GROUP ANNOUNCES NEW SALES AND MARKETING STRUCTURE.SAYS ‍MIKE SCHNEIDER TO SERVE AS GROUP PUBLISHER AND PUBLISHER OF FORTUNE AND MONEY​.SAYS ‍STUDIO M, MEREDITH'S FORMER BRANDED CONTENT CREATION ARM, WILL BE MERGED INTO FOUNDRY​.SAYS ‍DOUG OLSON WILL EXPAND PORTFOLIO OVERSIGHT TO INCLUDE BROADER MIX OF LIFESTYLE, FOOD AND LUXURY BRANDS​.SAYS ‍FRERER-SCHMIDT WILL BE NEW PUBLISHER OF INSTYLE, WILL ALSO OVERSEE SHAPE​.  Full Article

Meredith Reports Qtrly EPS $3.49
Thursday, 1 Feb 2018 

Jan 31 (Reuters) - Meredith Corp ::ANNOUNCES COMPLETION OF TIME INC. ACQUISITION AND REPORTS FISCAL 2018 SECOND QUARTER AND FIRST HALF RESULTS.Q2 EARNINGS PER SHARE $3.49.Q2 EARNINGS PER SHARE VIEW $0.89 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES $417.7 MILLION VS $442.6 MILLION.Q2 RESULTS INCLUDED A BENEFIT OF $2.92 PER SHARE RELATED TO CHANGES TO U.S. CORPORATE INCOME TAX RATE.Q2 RESULTS INCLUDED TRANSACTION EXPENSES OF $0.23 PER SHARE RELATED TO MEREDITH'S ACQUISITION OF TIME INC.Q2 2018 RESULTS INCLUDED CHARGE OF $0.34 PER SHARE RELATED TO IMPAIRMENT OF TRADEMARK & REALIGNMENT IN MEREDITH'S NATIONAL MEDIA GROUP.  Full Article

BRIEF-Meredith Corp Reports Qtrly Loss Per Share Of $2.74

* MEREDITH REPORTS FISCAL 2018 THIRD QUARTER AND NINE MONTH RESULTS