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Shares in the magazine publisher fall after it cuts its dividend and pledges to sell certain assets to fund new digital ventures.
Company has paid a regular quarterly dividend for 70 consecutive years
Meredith Expects The Magnolia Journal to Increase Circulation Throughout 2017 and 2018
Featuring Unlimited On-Demand Access to Over 1,000 Unique Designs; 50+ New Designs Every Month
The magazine publisher chooses to pursue its own turnaround strategy and walks away from a process that had been dominated by rumors of a Meredith tie-up.
The magazine publisher ultimately may decide not to sell, in which case CEO Rich Battista can be expected to invest more in the company's new digital platforms.
Honorees Including Olivia Culpo, Hannah Bronfman and Jen Selter Will Be Paired with Mentees from NYRR Run for the Future to Walk or Run a One-Mile Leg of the 13.1-Mile Race
Time Inc. wants to sells itself for $20 per share.
Voting opens for the Consumers' Choice awards for iconic mass and prestige products
The sale of the entire company is more likely than not, according to Bloomberg.
"GMA" Serves as the Media Partner of the 14th Annual Race on April 30th in New York's Central Park
Investors in Meredith Corp saw new options begin trading today, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MDP options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
Will Debut on Newsstands on May 2; Meredith Licensing Brand from Conde Nast
Time has begun to show signs that legacy print publishers can transition to digital from print, but merging with Meredith may be the best way to get there.
Whether Time is sold or remains independent, its new owner will be tasked with accelerating the 95-year-old company's digital transition. Axel Springer offers a model for getting there.
U.S. stock futures decline and European stocks trade in the red after oil prices fall below $50 a barrel for the first time since December.
Events Educate Families on How to Make Balanced Food Choices through Fun and Engaging Activities
Mergers among media companies, much anticipated for at least three years, may be finally unfolding as WGN owner Tribune Media and magazine publisher Time talk to potential acquirers.
Time Warner (TWX) is hoping the sale of its WPCH-TV in Atlanta will assist in its proposed merger with AT&T (T).
A number of magazines reportedly are on the block or are attracting interest, including Us Weekly, Time, Playboy and The Hollywood Reporter.
Time offers first quarter and 2017 revenue forecasts that fall short of analyst expectations, giving further weight to speculation that the publisher may need to sell.
The iconic magazine publisher has entered nondisclosure agreements with Meredith, an Edgar Bronfman group and other parties as it begins negotiations that could lead to a sale of the company.
Investors at the close of trading on Feb. 6 will qualify for the payment on Feb. 23.
Beth Kaplan, Leading Brand Marketing Executive, Elected to Meredith Board of Directors