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Meredith Corp (MDP.N)

MDP.N on New York Stock Exchange

55.02USD
16 Oct 2018
Change (% chg)

$1.75 (+3.29%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Meredith Corp says Qtrly Loss Per Share $0.06
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Meredith Corp ::SEES FY 2019 EARNINGS PER SHARE $2.78 TO $3.20 FROM CONTINUING OPERATIONS.MEREDITH REPORTS FISCAL 2018 FULL YEAR AND FOURTH QUARTER RESULTS.Q4 REVENUE $788 MILLION VERSUS I/B/E/S VIEW $788.1 MILLION.SEES FY 2019 REVENUE $3.0 BILLION TO $3.2 BILLION.MEREDITH CORP - REAFFIRMS GOALS OF $1 BILLION OF DEBT REDUCTION IN FY 2019 AND $1 BILLION OF EBITDA IN FY 2020.MEREDITH CORP - ON TARGET TO GENERATE OVER $500 MILLION IN ANNUAL COST SAVINGS IN FIRST TWO FULL YEARS OF OPERATIONS.MEREDITH CORP - QTRLY LOSS PER SHARE $0.06.MEREDITH CORP - SEES Q1 OF FISCAL 2019 NATIONAL MEDIA GROUP REVENUES TO RANGE FROM $540 MILLION TO $550 MILLION.MEREDITH CORP - SEES Q1 OF FISCAL 2019 LOCAL MEDIA GROUP REVENUES TO RANGE FROM $200 MILLION TO $210 MILLION.MEREDITH CORP - SEES Q1 OF FISCAL 2019 EARNINGS FROM CONTINUING OPERATIONS TO RANGE FROM $2 MILLION TO $10 MILLION.MEREDITH CORP - SEES 2019 ADJUSTED EBITDA TO RANGE FROM $720 MILLION TO $750 MILLION.MEREDITH - EXPECTS TO RENEW MVPD CONTRACTS REPRESENTING ABOUT 35 PERCENT OF SUBSCRIBER BASE IN FISCAL 2019, WITH HIGHER FEES ANTICIPATED.MEREDITH - EXPECTS HIGHER FEES TO BE PARTIALLY OFFSET BY ANTICIPATED RENEWAL OF AFFILIATION AGREEMENTS WITH FOX TELEVISION NETWORK IN FIVE MARKETS.MEREDITH CORP - EXPECTS GROWTH FROM MNI IN BOTH REVENUES AND PROFITABILITY FOR 2019.FY2019 EARNINGS PER SHARE VIEW $5.84, REVENUE VIEW $3.25 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Meredith Qtrly Loss Per Share $0.06
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Meredith Corp ::MEREDITH REPORTS FISCAL 2018 FULL YEAR AND FOURTH QUARTER RESULTS.Q4 REVENUE $788 MILLION VERSUS I/B/E/S VIEW $788.1 MILLION.SEES FY 2019 EARNINGS PER SHARE $3.25 TO $3.55 FROM CONTINUING OPERATIONS.SEES FY 2019 REVENUE $3.0 BILLION TO $3.2 BILLION.REAFFIRMS GOALS OF $1 BILLION OF DEBT REDUCTION IN FY 2019 AND $1 BILLION OF EBITDA IN FY 2020.ON TARGET TO GENERATE OVER $500 MILLION IN ANNUAL COST SAVINGS IN FIRST TWO FULL YEARS OF OPERATIONS.QTRLY LOSS PER SHARE $0.06.SEES Q1 OF FISCAL 2019 NATIONAL MEDIA GROUP REVENUES TO RANGE FROM $540 MILLION TO $550 MILLION.SEES Q1 OF FISCAL 2019 LOCAL MEDIA GROUP REVENUES TO RANGE FROM $200 MILLION TO $210 MILLION.SEES Q1 OF FISCAL 2019 EARNINGS FROM CONTINUING OPERATIONS TO RANGE FROM $2 MILLION TO $10 MILLION.SEES 2019 ADJUSTED EBITDA TO RANGE FROM $720 MILLION TO $750 MILLION.MEREDITH - EXPECTS TO RENEW MVPD CONTRACTS REPRESENTING ABOUT 35 PERCENT OF SUBSCRIBER BASE IN FISCAL 2019, WITH HIGHER FEES ANTICIPATED.MEREDITH - EXPECTS HIGHER FEES TO BE PARTIALLY OFFSET BY ANTICIPATED RENEWAL OF AFFILIATION AGREEMENTS WITH FOX TELEVISION NETWORK IN FIVE MARKETS.EXPECTS GROWTH FROM MNI IN BOTH REVENUES AND PROFITABILITY FOR 2019.FY2019 EARNINGS PER SHARE VIEW $5.84, REVENUE VIEW $3.25 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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
Tuesday, 24 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
Tuesday, 24 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

Deals of the day-Mergers and acquisitions

Sept 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: