Meredith Corporation


Meredith Corporation
Meredith Corporation
Type Public (NYSEMDP)
Industry Media
Founded 1902
Headquarters Des Moines, Iowa
Key people Steve Lacy, Chairman and CEO
Joseph H. Ceryanec, CFO
John S. Zieser CDO
Products Newspapers
Magazines
Books
Television
Educational Services
Websites
Revenue $1.597 billion USD (2006)
Employees 3,160 (2006)
Website www.meredith.com

The Meredith Corporation (NYSEMDP) is a media conglomerate based in Des Moines, Iowa, USA. The company has two divisions, National Media and Local Media.

Contents

History

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,[1][2] and the first issue cost a dime on the newsstand. In 1930, they published the first edition of The Better Homes and Gardens Cook Book.

Since then, Meredith has introduced numerous other female-oriented consumer brands and has strategically expanded its reach, through acquisitions and strategic partnerships, to become the leading media and marketing company serving the adult female audience in the United States. In addition, the Company has extended its media and marketing platform around the Globe, through acquisitions and strategic licensing relationships.

Magazines

Former logo from 1960s to 2009

Meredith magazines include the following brands:

Broadcast holdings

The broadcasting division owns 14 television stations and one radio station. Meredith's broadcasting division also produces Better, which was originally conceived as a brand extension of BH&G. Since its inception in 2007 the show has placed an increasing emphasis on celebrity interviews and music performances. There are also cooking demonstrations and regular features on health, beauty, fitness and fashion. The program currently airs on 80 stations nationwide.[4]

Television stations

DMA# City of license/Market Station Channel
TV / DT
Owned Since Affiliation
8. Atlanta[5] WGCL-TV 46 / 19 1998 CBS
12. Phoenix KPHO-TV 5 / 17 1952 CBS
22. Portland, Oregon KPTV 12 / 12 2002 Fox
Vancouver, Washington KPDX 49 / 30 1997 MyNetworkTV
29. Nashville WSMV 4 / 19 1996 NBC
30. Hartford - New Haven WFSB 3 / 33 1997 CBS
31 Kansas City, Missouri KCMO-TV/KCTV 5 / 24 1953 CBS
KSMO-TV 62 / 47 2005 MyNetworkTV
36. Greenville - Spartanburg - Asheville WHNS 21 / 21 1997 Fox
42. Henderson - Las Vegas, NV KVVU-TV 5 / 9 1985 Fox
69 Bay City - Flint - Saginaw, MI WNEM-TV 5 / 22 1969 CBS
MyNetworkTV
110. Springfield, Massachusetts WSHM-LP
(semi-satellite of WFSB)
67 / 41 2004 CBS
189. Bend, Oregon KUBN-LP
(semi-satellite of KPDX)
50 2006 MyNetworkTV

On January 18, 2011, Meredith announced that it had entered into an agreement with Time Warner subsidiary Turner Broadcasting System to operate independent station WPCH-TV (channel 17) in Atlanta through a local marketing agreement. Pending final approval from the Federal Communications Commission, the deal would give Meredith a de facto television duopoly in Atlanta, though Time Warner will continue to control WPCH-TV's license.[5]

Radio station

AM Station
DMA# Market Station/
Frequency
Owned Since Current Format
130. Bridgeport - Saginaw - Bay City - Midland, MI WNEM 1250 2004 News

Former Meredith-owned stations

Television stations

DMA# City of license/Market Station Channel
TV / DT
Years owned Current Status
19. Orlando - Daytona Beach WOFL 35 / 22 1983–2002 Fox owned-and-operated (O&O)
WCPX-TV
(now WKMG-TV)
6 / 26 19971 CBS affiliate owned by Post-Newsweek Stations
24. Pittsburgh WPGH-TV 53 / 43 1978–1986 Fox affiliate owned by Sinclair Broadcast Group
55. Fresno, California KSEE 24 / 38 1984–1993 NBC affiliate owned by Granite Broadcasting
76. Omaha WOW-TV
(now WOWT)
6 / 22 1958–1975 NBC affiliate owned by Gray Television
82. Syracuse, New York WHEN-TV/WTVH2 5 / 47 1948–1993 CBS affiliate owned by Granite Broadcasting
(operated by Barrington Broadcasting)
86. Cleveland - Chattanooga, TN WFLI-TV 53 / 42 2004–2008 CW affiliate owned by MPS Media
160. Ocala - Gainesville, FL WOGX
(semi-satellite of WOFL)
51 / 31 1996–2002 Fox owned-and-operated (O&O)
189. Bend, Oregon KFXO-LP 39 / 21.4 1997–2007 Fox affiliate owned by News-Press & Gazette Company

Notes:

  • 1: WCPX was acquired with the purchases of KPDX and WHNS but was swapped to its current owner Post-Newsweek Stations for WFSB a day later. Meredith never held control of the station.
  • 2: WHEN-TV/WTVH was the only station that was built and signed-on by Meredith.

Radio stations

AM Stations FM Stations
DMA# Market Station/
Frequency
Years owned Current Status
15. Phoenix KPHO-910
(now KGME)
1952–1971 Owned by Clear Channel Communications
29. Kansas City, Missouri KCMO-710
(KCMO is now at 810 AM;
710 AM is now WHB)
1953–1983 Owned by Cumulus Media
KCMO-FM-94.9 1953–1983 Owned by Cumulus Media
74. Omaha, NE - Council Bluffs, IA WOW-590
(now KXSP)
1958–1983 Owned by Journal Broadcast Group
WOW-FM-92.3
(now KEZO-FM)
1958–1983 Owned by Journal Broadcast Group
80. Syracuse, New York WHEN-620 1954–1976 Owned by Clear Channel Communications

Business deals

Meredith Corporation has over recent years through acquisitions and strategic partnerships, transformed the Company into a "360 degree" media and marketing powerhouse serving the largest audience of female adults of any media company in the United States. John S. Zieser, Chief Development Officer of Meredith Corporation, has led the Company on these business activities, from the acquisition of the Parents, Family Circle and Fitness brands from European media conglomerate Bertelsmann Group in 2005, to the more recent acquisition of several digital and mobile companies which led to expansion of Meredith's high growth "business-to-business" Integrated Marketing division, to large strategic licensing relationships with Walmart and Realogy relating to the Better Homes and Gardens brand. John Zieser also led and manages the acceleration of Meredith's consumer brands overseas, through over 35 licensing partnerships with leading media partners around the globe.

See also

References

  1. ^ "Miller Center of Public Affairs University of Virginia". American President Woodrow Wilson/Edwin T. Meredith Secretary of Agriculture. http://millercenter.org/president/wilson/essays/cabinet/471. Retrieved 2010-12-12. 
  2. ^ "NNDB". Edwin T. Meredith. http://www.nndb.com/people/548/000168044/. Retrieved 2010-12-12. 
  3. ^ Meredith to Acquire Every Day with Rachael Ray, PR Newswire, October 12, 2011
  4. ^ Pursell, Chris (January 2008). "Meredith Speeds Up ‘Better’ Rollout". TV Week. http://www.tvweek.com/news/2008/01/meredith_speeds_up_better_roll.php. Retrieved January 19, 2011. 
  5. ^ a b Swartz, Kristi E. (January 18, 2011). "Parent of CBS Atlanta to take over operations of Peachtree TV". Atlanta Journal-Constitution. http://www.ajc.com/business/parent-of-cbs-atlanta-807725.html. Retrieved January 18, 2011. 

External links


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