Meredith Corporation
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- Meredith Corporation (NYSE: MDP), a diversified media company, operates primarily in the national consumer media segment, delivering content across print magazines, digital platforms, brand licensing, performance marketing, and related services focused on entertainment, food, lifestyle, parenting, and home categories. Core products and services encompass iconic brands such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and approximately 300 special interest publications; digital assets including 39 websites and applications; integrated marketing solutions via The Foundry 360 creative content studio; customer relationship marketing; business-to-business marketing products; and ancillary offerings like brand licensing agreements and custom publishing. Founded in 1902 and headquartered in Des Moines, Iowa, with additional key offices in New York and Chicago, the company engages nearly 95% of American women through multi-platform distribution including digital, video, print, and formerly broadcast television, while targeting primary household decision-makers in the U.S. market. In 2021, Meredith Corporation underwent a major strategic restructuring by selling its Local Media Group television stations to Gray Television for $2.7 billion in cash and merging its National Media Group with IAC's Dotdash in a $2.7 billion deal to form Dotdash Meredith, enabling a sharper focus on high-growth digital and consumer opportunities while reducing net debt and enhancing financial flexibility. The company now operates as an independent public entity retaining the Meredith Corporation name and NYSE: MDP ticker post-spin-off, with ongoing emphasis on accelerating digital revenue through first-party data leverage and content monetization. Recent developments include a 2024 strategic partnership with OpenAI to license content from over 40 brands for ChatGPT integration and collaboration on AI-powered ad targeting via D/Cipher, alongside continued profitability improvements evidenced by Q3 FY2025 revenue growth to $30 million and adjusted EBITDA of $5.8 million.
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Dotdash Meredith is now People Inc.
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