16 Facts About Meredith Corporation


Meredith Corporation was an American media conglomerate based in Des Moines, Iowa, that owned magazines, television stations, websites, and radio stations.

FactSnippet No. 1,641,266

Edwin Thomas Meredith founded the company in 1902 when he began publishing Successful Farming magazine.

FactSnippet No. 1,641,267

In 1922, Meredith Corporation began publishing Fruit, Garden and Home magazine, a home and family service publication.

FactSnippet No. 1,641,268

In 1987, Meredith Corporation made a deal that they would purchase MMT Sales for $40 million, and would represent national advertising spot time on 60 stations across the entire US country.

FactSnippet No. 1,641,269

In October 2014, Meredith Corporation announced a 10-year licensing agreement with Martha Stewart Living Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings and marthastewart.

FactSnippet No. 1,641,270

Also in January 2015, Meredith Corporation acquired Shape, Natural Health and Fit Pregnancy from American Media Inc Fitness magazine was folded into Shape, while retaining its website.

FactSnippet No. 1,641,271

On January 31,2018, the company completed the acquisition of Time Inc In March 2018, only six weeks after the closure of the deal, Meredith Corporation announced that it would lay off 200 employees, up to 1,000 more over the next 10 months, and explore the sale of Fortune, Money, Sports Illustrated, and Time.

FactSnippet No. 1,641,272

Meredith Corporation felt that, despite their "strong consumer reach, " these brands did not align with its core lifestyle properties.

FactSnippet No. 1,641,273

In September 2018, Meredith Corporation announced the sale of Time to Marc Benioff and his wife Lynne for $190 million.

FactSnippet No. 1,641,274

In November 2018, Meredith Corporation announced the sale of Fortune to Thai businessman Chatchaval Jiaravanon, whose family owns Charoen Pokphand, for $150 million.

FactSnippet No. 1,641,275

In May 2019, Meredith Corporation announced the sale of Sports Illustrated to Authentic Brands Group, for $110 million.

FactSnippet No. 1,641,276

In October 2019, Meredith Corporation sold the Money brand and website to Ad Practitioners LLC, a media and advertising company based in Puerto Rico.

FactSnippet No. 1,641,277

On May 3,2021, Meredith Corporation announced an agreement with Gray Television for the latter to acquire Meredith Corporation's television division.

FactSnippet No. 1,641,278

The transaction will be structured as a spin-off of a new Meredith Corporation, containing the magazines division, to existing shareholders, to be immediately followed by the old Meredith being acquired by Gray for $2.

FactSnippet No. 1,641,279

On December 23,2013, Meredith Corporation announced plans to buy St Louis CBS affiliate KMOV and Phoenix independent station KTVK for $407.

FactSnippet No. 1,641,280

Meredith Corporation has struck deals to acquire ABC affiliate WGGB in Springfield, Massachusetts from Gormally Broadcasting for $53.

FactSnippet No. 1,641,281