Meredith Corporation
0K0J.L
London Stock Exchange50.05
USD
-8.98
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Meredith Corporation
0K0J.L
(London Stock Exchange)
Recent
price
50.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Meredith Corporation (Ticker: 0K0J.L), a diversified media company historically focused on magazines, digital platforms, and broadcasting, operates primarily in the United States through its National Media and Local Media segments. The National Media segment delivers consumer media brands via print magazines such as People, Better Homes & Gardens, Allrecipes, Southern Living, Real Simple, Food & Wine, InStyle, EatingWell, Shape, and Parents; digital and mobile media including allrecipes.com and mywedding.com; brand licensing encompassing over 3,500 SKUs at retailers like Walmart; affinity marketing through Synapse; business-to-business marketing services; Meredith Data Studio providing predictive analytics, consulting, and self-service consumer insights; and creative content studio Foundry. The Local Media segment comprises 17 television stations reaching 11% of U.S. households, concentrated in top markets including Atlanta, Phoenix, St. Louis, and Portland, producing over 700 hours weekly of local news and entertainment plus digital sites and targeted advertising via MNI Targeted Media. Founded in 1902 by Edwin Thomas Meredith in Des Moines, Iowa, where it maintains corporate headquarters, the company engages audiences across home, family, food, and lifestyle markets, targeting primarily U.S. women with service journalism on multiple platforms. In a major strategic restructuring completed December 1, 2021, Meredith sold its Local Media Group television stations to Gray Television for $2.7 billion and its National Media Group, corporate operations, and related assets to IAC's Dotdash for $2.7 billion in cash at $42.18 per share, forming Dotdash Meredith as a combined digital and print publisher under IAC Inc. Subsequent developments include Dotdash Meredith's rebranding to People Inc. on July 31, 2025, emphasizing its flagship People brand amid six consecutive quarters of digital revenue growth; a licensing deal with OpenAI initiated in May 2024 boosting non-advertising revenue; ongoing investments in e-commerce, live events, and cookie-less ad tech D/Cipher; workforce reductions of 53 employees in November 2024 and prior cuts supporting print-to-digital shifts; and S&P Global Ratings upgrade to 'BB-' in May 2025 on projected deleveraging to 4x net leverage by year-end, driven by 5%-7% annual digital revenue expansion offsetting print declines.