May 14, 2013
/PRNewswire/ -- Meredith Corporation (NYSE: MDP); (
) announced today it has acquired
magazines and their related digital assets from The Bonnier Corporation (
Under the agreement, the readers of
magazine effective with the September issue. Similarly, readers of
magazine effective with the September issue. The companion digital site,
, will operate as a part of the Parents network of digital media.
magazines will include popular editorial features and columns from
to ensure that readers are being super-served with great editorial content that reflects the best of the combined products.
Financial terms were not disclosed, and the acquisitions will not have a material effect on
's financial performance.
Meredith Corporation is the leading media and marketing company serving American women.
reaches 100 million American women every month through multiple well-known national brands and local television brands in fast-growing markets.
is the industry leader in creating content in key consumer interest areas such as home, family, food, health and wellness and self-development.
uses multiple distribution platforms – including print, television, digital, mobile, tablets, and video – to give consumers content they desire and to deliver the messages of its advertising and marketing partners.
Additionally, Meredith Xcelerated Marketing serves the nation's top brands and companies by delivering content-powered engagement for a hyper-connected world. Its deep expertise in digital, mobile, social, healthcare, analytics and international marketing enable it to provide cutting-edge cross-channel customer management for many of the world's most popular brands.