Meredith Claims Improved Ad Results, Strong Circ Business in Q3

Meredith Corp. execs touted what they saw as encouraging signs for both print and digital advertising as well as a significant uptick in consumer-driven revenue on an earnings call Friday reporting the company's performance in the third quarter of 2019 (Meredith's fiscal years start in July and end in June). On the print side, the combined Meredith/Time Inc. portfolio was down only 7% in advertising revenue, according to president and CEO Tom Harty, compared to double-digit losses in the preceding quarters, while digital advertising "was up a couple percentage points" on a comparable basis—meaning just looking at February and March year-over-year, as the Time Inc. acquisition wasn't completed until January 31, 2018. "We said we would improve the print advertising performance of the acquired Time Inc. properties to Meredith's historic levels over time, and we did," added National Media Group president Jon Werther, crediting the application of Meredith's standards and practices to the Time Inc. properties and further investment in sales and marketing teams for the improved results over previous quarters. Moreover, Werther said digital ad revenues on the same comparable basis increased year-over-year, "despite a challenging digital advertising environment," similarly citing the application of best practices in audience development and yield management across the portfolio, as well as a new unified CMS providing all of its brands access to "premium ad products." Meanwhile,... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-05-14 16:48:23 UTC ]
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Nielsen buys Bowker businesses

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[ The Bookseller | 2013-08-21 00:00:00 UTC ]
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News Corp Launches Global Private Ad Exchange

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[ AdWeek | 2013-08-21 00:00:00 UTC ]
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Six iPad Magazines That Are Changing The Publishing Business

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[ Fast Company | 2013-08-20 00:00:00 UTC ]
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Condé Nast Cuts Deal With Amazon To Turn Magazine Subscriptions Into An All–Access Business

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[ Fast Company | 2013-08-20 00:00:00 UTC ]
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Livefyre Looks to Turn Social Media into Custom Native Ads

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[ AdWeek | 2013-08-15 00:00:00 UTC ]
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Amazon Busy Negotiating First Russian Ebook Contracts

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[ Publishing Perspectives | 2013-08-08 00:00:00 UTC ]
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Quarto Results Hit Expectations

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[ Publishers Weekly | 2013-08-07 00:00:00 UTC ]
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Newsweek Sold to International Business Times

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[ Editor & Publisher | 2013-08-05 00:00:00 UTC ]
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Times gains digital subscribers, but ad sales drop

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[ Crains New York | 2013-08-01 00:00:00 UTC ]
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[ The Bookseller | 2013-08-01 00:00:00 UTC ]
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[ Editor & Publisher | 2013-07-29 00:00:00 UTC ]
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[ The Bookseller | 2013-07-26 00:00:00 UTC ]
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[ Folio Magazine | 2013-07-26 00:00:00 UTC ]
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[ Betanews | 2013-07-25 00:00:00 UTC ]
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[ The Bookseller | 2013-07-16 00:00:00 UTC ]
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Meredith’s Allrecipes Launches Print Magazine

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[ Folio Magazine | 2013-07-16 00:00:00 UTC ]
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