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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Meredith Corp | NYSE:MDP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 59.07 | 0 | 01:00:00 |
DES MOINES, Iowa and NEW YORK, Aug. 12, 2016 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com) – the leading media and marketing company with national brands serving more than 100 million American women and local television stations in large, fast-growing markets – announced today a series of senior leadership promotions in its National Media Group. These moves follow yesterday's news release announcing the promotions of Tom Harty to President and Chief Operating Officer of Meredith Corporation and Jon Werther to President of the National Media Group.
The promotions, effective immediately, are:
Anton will continue to report to Tom Harty, while Martin, Olson, Pavlovsky and Witschi will report to Jon Werther, along with Chief Revenue Officer Michael Brownstein.
"We're pleased to announce these well-earned promotions," said Harty and Werther. "Meredith consistently ranks as one of the nation's most effective and respected media companies, and that's a direct reflection of our talented workforce and leaders like these. We look forward to continued innovation and operational excellence."
ABOUT MEREDITH CORPORATION
Meredith Corporation (NYSE: MDP; www.meredith.com) has been committed to service journalism for 115 years. Today, Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners.
Meredith's National Media Group reaches more than 100 million unduplicated women every month, including nearly 75 percent of U.S. Millennial women. Meredith is the leader in creating and distributing content across platforms in key consumer interest areas such as food, home, parenting and health through well-known brands such as Better Homes and Gardens, Allrecipes, Parents and Shape. Meredith also features robust brand licensing activities, including more than 3,000 SKUs of branded products at 4,000 Walmart stores across the U.S. Meredith Xcelerated Marketing is an award-winning, strategic and creative agency that provides fully integrated marketing solutions for many of the world's top brands, including Kraft, Lowe's, TGI Friday's and NBC Universal.
Meredith's Local Media Group includes 17 owned or operated television stations reaching 11 percent of U.S. households. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 – including Atlanta, Phoenix, St. Louis and Portland – and 13 in Top 50 markets. Meredith's stations produce over 660 hours of local news and entertainment content each week, and operate leading local digital destinations.
Meredith's balanced portfolio consistently generates substantial free cash flow, and the Company is committed to growing Total Shareholder Return through dividend payments, share repurchases and strategic business investments. Meredith's current annualized dividend of $1.98 per share yields approximately 4 percent. Meredith has paid a dividend for 69 straight years and increased it for 23 consecutive years.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/meredith-national-media-group-announces-senior-leadership-promotions-300312676.html
SOURCE Meredith Corporation
Copyright 2016 PR Newswire
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