Meredith CEO Considers Splitting Broadcast, Publishing Units

Meredith Corp. has considered splitting its broadcast and publishing units, perhaps uniting one with a strategic partner, Chief Executive Officer Stephen Lacy said.The idea is one of several possibilities the company is considering after its plan to merge with Media General fell through, Mr. Lacy said Wednesday in an interview on Bloomberg Television. The company is also contemplating acquisitions to add more media properties and advertising technology, he said, without providing details."We have a lot of dry powder -- about five deals are in the works," he said. "Finding good and creative deals is really where we are focusing our attention." Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-02-03 00:00:00 UTC ]

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[ Folio Magazine | 2011-05-24 00:00:00 UTC ]
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Digital Soars, Print Improves For Meredith in Second Quarter

Total revenue jumped 9 percent to $367 million for Meredith Corp in the second quarter of fiscal 2011, driven by strong advertising growth and integrated marketing services. Total advertising revenue for the first six months of fiscal 2011 jumped 11 percent to $420 million (with total revenue of... Continue reading at Folio Magazine

[ Folio Magazine | 2011-01-25 00:00:00 UTC ]
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