Meredith Corporation
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| Meredith Corporation | |
|---|---|
| Type | Public (NYSE: MDP) |
| Founded | 1902 |
| Headquarters | Des Moines, Iowa |
| Key people | William T. Kerr, Chairman Steve Lacy, CEO Suku Radia, CFO John S. Zieser CDO |
| Industry | Media |
| Products | Newspapers Magazines Books Television Educational Services Websites |
| Revenue | $1.597 billion USD (2006) |
| Employees | 3,160 (2006) |
| Website | www.meredith.com |
Meredith Corporation NYSE: MDP is based in Des Moines, Iowa. The company has two divisions, publishing and broadcasting.
Edwin Thomas Meredith founded the company in 1902 when he began publishing Successful Farming magazine. In 1922, Meredith began publishing Fruit, Garden and Home magazine, a home and family service publication. Two years later, this magazine was retitled Better Homes and Gardens with the first issue costing a dime on the newsstand. In 1930 they published the first edition of the Better Homes and Gardens Cook Book.
Since this time, Meredith has introduced numerous other magazines. In 1986, the company purchased Ladies' Home Journal magazine and in 2005, the company purchased the women's magazine portfolio of Gruner + Jahr. To date Meredith publishes 26 subscription magazines, approximately 200 special interest publications and 400 books, along with 32 websites.
Contents |
[edit] Broadcast Holdings
The broadcasting division owns 14 television stations and 1 radio station. The sole radio station is WNEM (AM) in Saginaw, Michigan, a sister station of WNEM-TV based in the same city; Meredith did have a sizeable (for the time) radio group in the 1960s and 1970s. Meredith's broadcasting division also produces Better.TV, a daily program based on BH&G which features lifestyle, parenting, crafting and gardening tips. The program currently airs on Meredith stations and those of the Journal Broadcast Group.
[edit] Business Deals
Healia search engine and a number of other web companies were acquired in 2007. Also license deals of lead publications for overseas markets commenced as well for India, Indonesia and various other markets in Asia.
In 2007, Meredith Corporation also acquired social media marketing firm New Media Strategies, Genex and O'Grady Meyers, signaling a new strategic direction.
TV stations currently owned by Meredith
| Current Media market# | Market | Station | Channel (DT) | Current Affiliation | Acquired | Notes |
| 8 | Atlanta, Georgia | WGCL-TV | 46 (19) | CBS | 1998 | Was WGNX until 2000 |
| 12 | Phoenix, Arizona | KPHO-TV | 5 (17) | CBS | 1952 | Was CBS 1952-55, Independent 1955-95 |
| 23 | Portland, Oregon | KPTV | 12 (30) | FOX | 2002 | Was UPN until 2002 |
| KPDX | 49 (48) | MyNetworkTV | 1997 | Was Fox until 2002, UPN until September 2006 | ||
| 29 | Hartford, Connecticut | WFSB | 3 (33) | CBS | 1997 | |
| 30 | Nashville, Tennessee | WSMV-TV | 4 (10) | NBC | 1994 | |
| 31 | Kansas City, Missouri | KCTV | 5 (24) | CBS | 1953 | Was KCMO-TV until 1983 |
| KSMO | 62 (47) | MyNetworkTV | 2005 | Was WB until September 2006 | ||
| 36 | Greenville, SC-Asheville, NC | WHNS | 21 (57) | FOX | 1997 | |
| 43 | Las Vegas, Nevada | KVVU | 5 (9) | FOX | 1985 | Licenced to Henderson, Nevada |
| 66 | Saginaw, Michigan | WNEM-TV | 5 (22) | CBS; MyNetworkTV on DT2 |
1969 | Was NBC until 1995 |
| 109 | Springfield, Massachusetts | WSHM-LP | 67 | CBS | 2004 | Operated with WFSB
|
| 192 | Bend, Oregon | KUBN-LP | 50 | MyNetworkTV | 2006 | Partial satellite of KPDX |
TV Stations Formerly Owned by Meredith
| Market | Station | Channel | Affiliation | Owned by Meredith | Sold To | Current Ownership | Notes |
| Fresno, California | KSEE | 24 | NBC | 1984-93 | Granite Broadcasting | Granite Broadcasting | |
| Orlando, Florida | WOFL | 35 | FOX | 1983-2002 | FOX O&O | FOX O&O | Owned by third party for part of 1997 (see below) |
| WCPX | 6 | CBS | 1997 | Post-Newsweek | Post-Newsweek | Acquired in purchase of First Media, swapped for WFSB; now WKMG | |
| Gainesville, Florida | WOGX | 51 | FOX | 1996-2002 | FOX O&O | FOX O&O | Semi-satellite of WOFL |
| Omaha, Nebraska | WOW-TV | 6 | NBC; CBS | 1958-75 | Chronicle Broadcasting | Gray Television | Now WOWT; returned to NBC in 1986 |
| Seattle, Washington | KCPQ | 13 | FOX | 1998-99 | Tribune Broadcasting | Tribune Broadcasting | Obtained in a three-way deal where it was swapped for WGNX |
| Syracuse, New York | WTVH-TV | 5 | CBS | 1948-93 | Granite Broadcasting | Granite Broadcasting | First television station owned by Meredith; was WHEN-TV until 1976 |
| Pittsburgh, Pennsylvania | WPGH | 53 | Independent | 1978-86 | Lorimar-Telepictures | Sinclair Broadcast Group | Now FOX |
| Bend, Oregon | KFXO-LP | 39 | FOX | 1997-2007 | News-Press & Gazette Company | News-Press & Gazette Company | Was a satellite of KPDX until 2002 |
| Chattanooga, Tennessee | WFLI-TV | 53 | The CW | 2004-2008 | MPS Media | MPS Media | Licenced to Cleveland, Tennessee |
- WHEN-TV/WTVH was the only television station built and signed-on by Meredith Corporation.
[edit] See also
[edit] External links
- Meredith Corporation
- Agriculture.com Portal by Successful Farming
- Better Homes and Gardens main web site
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