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MDP

Meredith Corporation

5/23/2013, 9:01 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
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Friday, May 10, 3:55 PM Meredith Corporation (MDP) declares $0.4075/share quarterly dividend, in line with previous. Forward yield 3.81%. For shareholders of record May 31. Payable June 14. Ex-div date May 29. (PR) Comment! [Dividends]
Tuesday, May 7, 2:07 PM Heard during Time Warner's (TWX +1%) presentation at the Jefferies Global Technology, Media and Telecom Conference: 1) CEO Jeff Bewkes says a combination of Time Inc. and Meredith Group (MDP) would have been too complicated to yield profits. 2) Time Inc. might explore strategic partnerships post-spinoff. 3) CNN and HBO are both core properties, although Bewkes concedes one is up and one is down in terms of ratings. Working to create new CNN content that keeps the seriousness intact but also brings in more viewers. 4) On big +$100M budget films, the exec notes franchise properties are generally more predictable and profitable. Building franchises like TWX did with Harry Potter and its eight films is critical. (webcast) Comment! [Consumer]
Thursday, April 25, 8:14 AM Meredith (MDP): FQ3 EPS of $0.72 beats by $0.04. Revenue of $369.6M beats by $15.17M. (PR) Comment! [Earnings, Breaking News]
Thursday, April 25, 12:05 AM Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH Comment! [Earnings]
Wednesday, April 24, 5:30 PM Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH Comment! [Earnings]
Thursday, March 14, 10:42 AM Time Inc. could be an acquisition target after it spins off from Time Warner (TWX +1.1%), according to analysts. A deal with Meredith (MDP +0.3%) is still a possibility or Time Inc. could make a strategic buy of its own. (Previous: Time Inc. to be debt-heavy) Comment! [Consumer]
Wednesday, March 6, 7:19 AM Talks between Meredith (MDP) and Time Warner (TWX) over a merger of publishing divisions has stalled, according to The New York Post. The two companies initiated discussions about a potential deal last September. Comment! [Consumer]
Thursday, February 14, 5:58 AM Meredith (MDP) is reportedly the potential acquirer of the bulk of Time Warner's (TWX) 21 magazine titles, including People and Entertainment Weekly. Alternatively, because Meredith couldn't afford a speculated price of $2.4-2.9B for Time Inc., the publications of both would be placed in a new company in which Time Warner shareholders would own 2/3 and Meredith investors the rest. (previous) Comment! [M&A, Consumer, Top Stories]
Thursday, January 24, 8:17 AM Meredith (MDP): Q4 EPS of $0.89 beats by $0.03. Revenue of $361M (+10% Y/Y) misses by $13.52M. (PR) Comment! [Earnings, Breaking News]
Thursday, November 8, 2012, 9:13 AM Meredith Corp (MDP) declares $0.3825/share quarterly dividend, in line with previous. For shareholders of record Nov. 30. Payable Dec. 14. Ex-div Nov. 28. (PR) Comment! [Dividends]
Thursday, October 25, 2012, 8:10 AM Meredith (MDP): Q3 EPS of $0.55 beats by $0.02. Revenue of $354.1M (+8% Y/Y) misses by $3M. (PR) Comment! [Earnings]
Wednesday, August 8, 2012, 6:41 PM Meredith (MDP) declares $0.3825/share quarterly dividend, in line with previous. Forward yield 4.41%. For shareholders of record Aug 31. Payable Sep 14. Ex-div date Aug 29. (PR) Comment! [Dividends]
Thursday, July 26, 2012, 10:28 AM Meredith (MDP): FQ4 EPS of $0.67 beats by $0.02. Revenue of $374.55M (+6.1% Y/Y) misses by $1.43M. (PR) Comment! [Earnings]
Wednesday, April 25, 2012, 8:27 AM Meredith (MDP): FQ3 EPS of $0.66 in-line. Revenue of $346M (+1.9% Y/Y) misses by $2M. (PR) Comment! [Earnings]
Monday, April 23, 2012, 10:10 AM ITT Educational (ESI), Diamond Foods (DMND) and Meredith Corp. (MDP) are the most heavily-shorted names going into the teeth of the earnings season, Data Explorers reports. The biggest one-month jumps in short interest are seen at Owens-Illinois (OI), Vasco Data Security (VDSI) and Consol Energy (CNX). Comment! [Quick Ideas]
Tuesday, January 24, 2012, 10:00 AM Magazine publisher/TV network owner Meredith (MDP -1.9%) is acquiring Allrecipes.com, which it calls "the world's No. 1 digital food site," for $175M. Meredith expects the deal to dilute its FY12 (ends in June) EPS by $0.10, but to be "modestly accretive" to FY13 EPS. Separately, Meredith reported FQ2 revenue of $328.7M (-10% Y/Y) and EPS of $0.70; the former missed by $13.5M, but the latter beat by $0.03. Comment! [Consumer, Tech, M&A]