Meredith Corporation operates as a diversified media company that focuses primarily on the home and family marketplace in the United States. Segments The company operates two segments, National Media and Local Media. National Media The National Media segment includes magazine publishing, customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. This segment includes national consumer media brands delivered via multiple media platforms, including print magazines and digital and mobile media, brand licensing activities, database-related activities, and business-to-business marketing products and services. It focuses on the home and family market and publishes magazines serving women. In fiscal 2014, the company published in print 21 subscription magazines, including Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, and FamilyFun, and approximately 120 special interest publications. 20 of its brands are also available as digital editions on various platforms. The National Media segment's digital media presence consists of approximately 40 Websites, 30 mobile-optimized Websites, and 20 applications (apps). Of those Websites and apps, the Allrecipes' brand accounts for 19 Websites and 19 mobile sites serving 23 countries in 12 languages, and 3 mobile apps across multiple countries and platforms. The National Media segment also includes digital and customer relationship marketing, which provides specialized marketing products and services to a consumer database; brand licensing activities; and other related operations. Meredith Video Studios (MVS) is a development, production, and multiplatform distribution company that produce video for use by the company’s television stations and its local and national media Websites. The following titles are published quarterly or more frequently: American Patchwork & Quilting, Country Gardens, Diabetic Living, Do It Yourself, Kitchen and Bath Ideas, and Quilts & More. The company has 20 of its brands available as digital tablet editions, with an audience of approximately 690,000. The company offers digital editions that are enhanced for the tablet to include bonus content. Its apps, which focus on the same topics, reached approximately 31 million cumulative downloads during fiscal 2014. In fiscal 2014, the company generated 7 million digital orders for print magazine subscriptions. Meredith Xcelerated Marketing (MXM): MXM is a content-powered, customer engagement agency that provides fully-integrated marketing solutions for brands, including Kraft, Lowe's, Honda, Chrysler, Kia, and Allergan. In addition, the Meredith-iris Global Network, the company’s partnership with iris Nation Worldwide Limited, serves the needs of MXM's domestic clients while also opening the doors to new clients in the European and Asia-Pacific markets. Brand Licensing: Brand licensing consists of the licensing of various proprietary trademarks in connection with retail programs conducted through retailers and manufacturers, and multiple licensing agreements. The company’s major licensing agreement is for Better Homes and Gardens branded products at Wal-Mart Stores, Inc. (Walmart). The company also has a long-term agreement to license the Better Homes and Gardens brand to Realogy Corporation, which builds a residential real estate franchise system based on the Better Homes and Gardens brand. The network includes approximately 250 offices across the United States and Canada. The company’s titles are distributed in approximately 70 countries, including 25 licensed local editions in countries, such as Australia, China, Indonesia, Italy, Russia, and Turkey. Meredith Books: The company has licensed rights to publish and distribute books based on brands, including the Better Homes and Gardens imprint, to a book publisher. Local Media The Local Media segment includes 14 television stations, related digital and mobile media operations, and video creation operations, as well as related digital and mobile media and a national video creation unit. The owned television stations consist of seven CBS affiliates, three FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, and one independent station. This segment’s digital presence includes 12 Websites, 2 mobile-optimized Websites, and 27 apps focused on news, sports, and weather-related information. Regulations The ownership, operation, and sale of broadcast television and radio stations, including those licensed to the company, are subject to the jurisdiction of the Federal Communications Commission, which engages in extensive regulation of the broadcasting industry under authority granted by the Communications Act of 1934, as amended (Communications Act), including authority to promulgate rules and regulations governing broadcasting. Significant Events In February 2014, the company acquired KMOV, the CBS affiliate in St. Louis, Missouri. In June 2014, the company acquired KTVK, an independent station in Phoenix, Arizona. History Meredith Corporation was founded in 1902. The company was incorporated under the laws of the state of Iowa.
meredith corp (MEZ:Berlin)
1716 Locust Street
Des Moines, IA 50309
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