
Meredith Corporation was an American
media conglomerate based in
Des Moines, Iowa
Des Moines is the List of capitals in the United States, capital and List of cities in Iowa, most populous city in the U.S. state of Iowa. It is the county seat of Polk County, Iowa, Polk County with parts extending into Warren County, Iowa, Wa ...
, that owned newspapers, magazines, television stations, and websites. Its publications had a readership of more than 120 million and paid circulation of more than 40 million, its websites had nearly 135 million monthly unique visitors and its broadcast television stations reached 11% of U.S. households. Since 2021, Meredith was absorbed into the new conglomerate,
Dotdash Meredith
Dotdash Meredith (formerly The Mining Company, About.com and Dotdash) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, hom ...
, underneath the holding company
IAC Inc.
History
Early years
Edwin Thomas Meredith founded the company in 1902 when he began publishing ''Successful Farming''
magazine
A magazine is a periodical literature, periodical publication, print or digital, produced on a regular schedule, that contains any of a variety of subject-oriented textual and visual content (media), content forms. Magazines are generally fin ...
.
In 1922, Meredith began publishing ''Fruit, Garden and Home'' magazine, a home and family service publication.
In 1924, the magazine was retitled ''
Better Homes and Gardens'',
and the first issue cost a dime on the newsstand. In 1930, the company published the first edition of ''The Better Homes and Gardens Cook Book''. In 1946, the company became a
public company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...
.
In 1970, the company attempted to enter the entertainment industry by purchasing game show and film producer
Ralph Andrews Productions. Two years later, it became MC Productions, and Ralph Andrews bought back rights to the game shows later that year, which resulted in a subsequent lawsuit in the late 1970s. In 1973, Meredith teamed up Avco Broadcasting to produce a series of nine prime-time television specials, which
Avco Program Sales is syndicating, aimed for youth children.
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.
In 1994, Meredith and
CBS struck an agreement to renew its
Kansas City station and affiliate two of the
Bay City and
Phoenix stations with the network.
[Meredith Shifts Stations to CBS]
. ''The New York Times'', June 30, 1994; p6.
2012–2021: Merger with Time Inc.; Gray/Dotdash sale
In March 2012, Meredith acquired
allrecipes.com from
Reader's Digest Association
Trusted Media Brands, Inc. (TMBI), formerly known as the Reader's Digest Association, Inc. (RDA), is an American Multimedia, multi-platform media and publishing company that is co-headquartered in New York City and in White Plains, New York. T ...
for $175 million.
In February 2013, Meredith discussed buying an interest in
Time Inc. from
Time Warner
Warner Media, LLC ( doing business as WarnerMedia) was an American multinational mass media and entertainment conglomerate owned by AT&T. It was headquartered at the 30 Hudson Yards complex in New York City.
It was established as Time Warne ...
. Instead, Time Warner sold Time Inc. as a separate company.
In October 2014, Meredith announced a 10-year licensing agreement with
Martha Stewart Living Omnimedia of the rights to ''
Martha Stewart Living
''Martha Stewart Living'' is a magazine
A magazine is a periodical literature, periodical publication, print or digital, produced on a regular schedule, that contains any of a variety of subject-oriented textual and visual content (media), ...
'' and ''
Martha Stewart Weddings'' magazines and to the marthastewart.com website.
In November 2014, Meredith acquired mywedding.com.
In January 2015, the company acquired Selectable Media. Also in January 2015, Meredith acquired ''
Shape
A shape is a graphics, graphical representation of an object's form or its external boundary, outline, or external Surface (mathematics), surface. It is distinct from other object properties, such as color, Surface texture, texture, or material ...
'', ''Natural Health,'' and ''
Fit Pregnancy'' magazines from
American Media Inc. Meredith's ''Fitness'' magazine was folded into ''Shape'', while both magazines' websites continued to operate separately.
On September 8, 2015,
Media General announced its intent to acquire Meredith in a cash and stock deal valued at $2.4 billion.
Pending regulatory and shareholder approval, the deal was expected to be consummated in June 2016.
The combined company would have operated under the name Meredith Media General, and be the third-largest owner of television stations in the United States—serving an estimated 30% of households.
To comply with FCC ownership limits, the company would have divested and/or swapped stations in six markets.
Media General shareholders would have controlled 65% of the company, with Meredith shareholders holding 35%.
However, the offer was countered by
Nexstar Broadcasting Group, who made a successful, $4.6 billion bid to acquire Media General instead.
In February 2017, it was reported that Meredith and a group of investors led by
Edgar Bronfman Jr. were considering another possible purchase of Time Inc. On November 26, 2017, it was announced that Meredith Corporation would acquire Time Inc. in a $2.8 billion deal. $640 million in backing was provided by
Koch Equity Development, but the Koch family would not have a board seat or otherwise influence the company's operations.
On January 9, 2018, it was announced that Meredith would launch a ''Hungry Girl'' magazine on January 16, expanding from the online brand.
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 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
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: m ...
'', ''
Sports Illustrated
''Sports Illustrated'' (''SI'') is an American sports magazine first published in August 1954. Founded by Stuart Scheftel, it was the first magazine with a circulation of over one million to win the National Magazine Award for General Excellen ...
'', and ''
Time
Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
''. Meredith felt that, despite their "strong consumer reach", these brands did not align with its core lifestyle properties.
Howard Milstein had announced on February 7, 2018, that he would acquire ''
Golf Magazine'' from Meredith, and Time Inc. UK was sold to the British private equity group Epiris (later rebranded to
TI Media) in late February. In September 2018, Meredith announced the sale of ''Time'' to
Marc Benioff and his wife Lynne for $190 million. In November 2018, Meredith announced the sale of ''
Fortune'' to Thai businessman Chatchaval Jiaravanon, whose family owns
Charoen Pokphand, for $150 million. After failing to find a buyer for ''Money'', Meredith in April 2019 announced that it would cease the magazine's print publication as of July 2019, but would invest in the brand's digital component Money.com. In May 2019, Meredith announced the sale of ''Sports Illustrated'' to
Authentic Brands Group, for $110 million.
Time Inc. Productions was renamed Four M Studios in May 2018. The studio is under Bruce Gersh, Meredith's president of
''People'', ''
Entertainment Weekly
''Entertainment Weekly'' (sometimes abbreviated as ''EW'') is an American online magazine, digital-only entertainment magazine based in New York City, published by Dotdash Meredith, that covers film, television, music, Broadway theatre, books, ...
'', and ''
People en Español'' and head of Four M Studios.
In October 2019, Meredith Corporation sold the ''Money'' brand and website to Ad Practitioners LLC, a media and advertising company based in
Puerto Rico
; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...
.
Terms were not disclosed, but sources said the brand went for just over $20 million, that was more than the $10 million Meredith was seeking in early 2019.
In November 2019 the company unloaded one more asset acquired in the Time Inc. acquisition, its 60% equity ownership of digital advertising company Viant Technology Holding Inc. that, among other assets, owns social networking site
Myspace.
Also in November 2019, the company announced the launch of a new quarterly magazine, called ''Reveal,'' in January 2020 in collaboration with
Drew and
Jonathan Scott from
HGTV's ''
Property Brothers''.
On May 3, 2021, Meredith announced an agreement with
Gray Television for the latter to acquire Meredith's television division. The transaction will be structured as a
spin-off of a new (short-lived) Meredith Corporation, containing the magazines division, to existing shareholders, to be immediately followed by the old Meredith (by then consisting solely of its TV stations group) being acquired by Gray for $2.7 billion in cash.
Later that year, on October 6, Meredith announced an agreement whereby the company's remaining magazine and other non-broadcast assets would be acquired by
IAC's Dotdash for $2.7 billion, forming a new entity called
Dotdash Meredith
Dotdash Meredith (formerly The Mining Company, About.com and Dotdash) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, hom ...
.
On November 15, Meredith announced it has received regulatory approvals for both the Gray and IAC transactions. Both deals were completed on December 1. On February 9, 2022, it was revealed that six former Meredith Corporation magazines (''
Entertainment Weekly
''Entertainment Weekly'' (sometimes abbreviated as ''EW'') is an American online magazine, digital-only entertainment magazine based in New York City, published by Dotdash Meredith, that covers film, television, music, Broadway theatre, books, ...
,
InStyle, EatingWell,
Health
Health has a variety of definitions, which have been used for different purposes over time. In general, it refers to physical and emotional well-being, especially that associated with normal functioning of the human body, absent of disease, p ...
,
Parents
A parent is either the progenitor of a child or, in humans, it can refer to a caregiver or legal guardian, generally called an adoptive parent or step-parent. Parents who are progenitors are first-degree relatives and have 50% genetic meet. ...
'' and ''
People en Espanol'') will cease having print circulation and switch to a digital-only format.
Divisions
National media
Magazines
Meredith magazines include the following brands:
* ''25 Beautiful Homes''
* ''Ageless Iron''
* ''Allrecipes Magazine''
* ''American Baby''
* ''American Patchwork & Quilting''
* ''
Better Homes and Gardens''
* ''Country Life''
* ''Diabetic Living''
* ''Do-It-Yourself''
* ''Eat This, Not That''
* ''EatingWell''
* ''
Entertainment Weekly
''Entertainment Weekly'' (sometimes abbreviated as ''EW'') is an American online magazine, digital-only entertainment magazine based in New York City, published by Dotdash Meredith, that covers film, television, music, Broadway theatre, books, ...
'' (from Time Inc.)
* ''
Every Day with Rachael Ray''
* ''
FamilyFun
''FamilyFun'' was a family magazine published 8 times annually by Dotdash Meredith (formerly Meredith Corporation).
History and profile
Launched in 1991 by Jake Winebaum, ''FamilyFun'' is written for parents with children aged 3 to 12, and focu ...
''
* ''
Fitness''
* ''
Food & Wine''
* ''
Health
Health has a variety of definitions, which have been used for different purposes over time. In general, it refers to physical and emotional well-being, especially that associated with normal functioning of the human body, absent of disease, p ...
''
* ''
InStyle'' (from Time Inc.)
* ''Living the Country Life''
* ''
Midwest Living''
* ''
Parents
A parent is either the progenitor of a child or, in humans, it can refer to a caregiver or legal guardian, generally called an adoptive parent or step-parent. Parents who are progenitors are first-degree relatives and have 50% genetic meet. ...
''
(and ''
Ser Padres'')
* ''
People
The term "the people" refers to the public or Common people, common mass of people of a polity. As such it is a concept of human rights law, international law as well as constitutional law, particularly used for claims of popular sovereignty. I ...
'' (from Time Inc.)
* ''Practical Boat Owner''
* ''
Real Simple'' (from Time Inc.)
* ''
Shape
A shape is a graphics, graphical representation of an object's form or its external boundary, outline, or external Surface (mathematics), surface. It is distinct from other object properties, such as color, Surface texture, texture, or material ...
''
* ''
Siempre Mujer''
* ''
Southern Living
''Southern Living'' is a lifestyle magazine aimed at readers in the Southern United States featuring recipes, house plans, garden plans, and information about Southern culture and travel. It is published by Birmingham, Alabama
Alabama ...
''
* ''Successful Farming''
* ''
Travel + Leisure'' (from Time Inc.)
* ''
Wood
Wood is a structural tissue/material found as xylem in the stems and roots of trees and other woody plants. It is an organic materiala natural composite of cellulosic fibers that are strong in tension and embedded in a matrix of lignin t ...
''
Defunct magazines include
* ''
Family Circle''
* ''
Ladies' Home Journal''
*''
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: m ...
'' (from Time Inc.)
*''
More''
*''
Readymade''
*''Scrapbooks Etc.''
* ''
Traditional Home''
Digital media
*
Allrecipes.com
* mywedding.com
Local media
The broadcasting division owned 15
television station
A television station is a set of equipment managed by a business, organisation or other entity such as an amateur television (ATV) operator, that transmits video content and audio content via radio waves directly from a transmitter on the earth's s ...
s. Most of the company's stations were affiliated with
CBS or
Fox. Meredith's broadcasting division also produced ''
Better'' from 2007 until 2015, 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 were also cooking demonstrations and regular features on health, beauty, fitness and fashion. Local versions of the concept continue to air on Meredith stations.
On December 23, 2013, Meredith announced plans to buy
St. Louis CBS affiliate
KMOV and
Phoenix independent station
KTVK for $407.5 million in cash from
Gannett
Gannett Co., Inc. ( ) is an American mass media holding company headquartered in New York City. It is the largest U.S. newspaper publisher as measured by total daily circulation.
It owns the national newspaper ''USA Today'', as well as several ...
Company and Sander Media, LLC to satisfy a federal mandate that Gannett sell KMOV. The purchase of KMOV was completed on February 28, 2014,
while the KTVK sale was completed on June 19.
Meredith has also struck deals to acquire ABC affiliate
WGGB in
Springfield, Massachusetts
Springfield is the most populous city in Hampden County, Massachusetts, United States, and its county seat. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers: the western Westfield River, the ea ...
from Gormally Broadcasting for $53.8 million and Fox affiliate
WALA in
Mobile, Alabama
Mobile ( , ) is a city and the county seat of Mobile County, Alabama, United States. The population was 187,041 at the 2020 United States census, 2020 census. After a successful vote to annex areas west of the city limits in July 2023, Mobil ...
from
LIN Media
LIN Media was an American holding company founded in 1994 that operated 43 television stations. All except one were affiliates of the six major U.S. television networks. One of the remaining stations was a low-powered weather station in In ...
for $86 million.
The Local Media Division was sold to Gray Television on December 1, 2021.
Former stations
* Stations are arranged in alphabetical order by state and
city of license.
* Two boldface asterisks appearing following a station's call letters (**) indicate a station built and signed on by Meredith.
Four M Studios
Four M Studios (Four M), formerly Time Inc. Productions, is Meredith's in-house production company and is under the oversight of Bruce Gersh, Meredith's president of People, Entertainment Weekly and People en Español.
After attempting a few TV shows in 2014 and 2015, the company formed Time Inc. Productions in 2016 as its in-house production company. It launched its free, ad-supported online video service PeopleTV in 2016, which got a pay TV deal by May 2018 with
FuboTV. In November 2017, it launched its first over-the-top subscription service, Sports Illustrated TV, available via Amazon Channels.
On October 30, 2017, it announced that
Paramount Network was partnering with it on two TV pilots.
Time Inc. Productions was renamed Four M Studios in May 2018. Four M would expand from the Time titles to all Meredith titles and to freestanding lifestyle shows and scripted shows. Four M also announced at that time a deal with
Freeform TV channel to develop Meredith magazine stories, including ''Peoples "Heroes Among Us" franchise, into telefilms.
Four M Studios partnered with Imagine Entertainment's Imagine Kids & Family division. Its first project from the partnership is ''LIFE for Kids'', a children's TV show using
LIFE Magazine's photo archive.
Production library
:Time Inc. Productions
*''
People Magazine Investigates'' (
Investigation Discovery)
*''The Mars Generation'' (
Netflix
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres, and it is available internationally in multiple lang ...
)
*''The Making of SI Swimsuit 2017'' (
DirecTV Now)
*''Puppy Bowl: Where Are They Now'' (Animal Planet)
*''
The Story of Diana'' (
ABC) 2017 documentary miniseries, 2 nights 2 hours each
*''A Year in Space'' (
PBS) Emmy-winning
*''Cultureshock'' (
A&E) pop culture docuseries from Entertainment Weekly
*''89 Blocks'' (Fox) East St. Louis high school football team documentary from ''Sports Illustrated'', which was nominated for a Sports Emmy Award
:Time Inc. Productions/Four M Studios
*''Sports Illustrated: True Crime'' pilot working title (
Paramount Network)
Jerry Bruckheimer TV
*''Entertainment Weekly: The Bullseye'' pilot (Paramount Network) Conveyor Media
:Four M Studios
*''Home'' (Apple) 10 one-hour episodes
*''People Magazine Investigates: Cults'' (Investigation Discovery)
*''People Magazine Investigates: Crimes of Fashion'' (Investigation Discovery)
*''The Story of the Royals'' (ABC) documentary miniseries
See also
*
New Media Strategies
*
List of United States magazines
References
Further reading
*
*
External links
Agriculture.com– portal by Successful Farming
Better Homes and Gardens main website
{{Authority control
Gray Media
IAC Inc.
Defunct publishing companies of the United States
Defunct broadcasting companies of the United States
Defunct mass media companies of the United States
Companies based in Des Moines, Iowa
Companies formerly listed on the New York Stock Exchange
Defunct companies based in Iowa
Mass media in Des Moines, Iowa
American companies established in 1902
Publishing companies established in 1902
Mass media companies disestablished in 2021
1902 establishments in Iowa
2021 disestablishments in Iowa
2021 mergers and acquisitions