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Meredith National Media Group Announces New Brand Leadership RolesNEW YORK, Oct. 16, 2019 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com) – the leading media and marketing company reaching 185 million American consumers every month and nearly 90 percent of U.S. millennial women – today announced a series of new leadership roles for some of its leading National Media Group brands including:
Meredith also announced today that it will close Family Circle magazine, effective with the December 2019 issue. Meredith currently operates the market leaders in the women's lifestyle category, including Better Homes & Gardens, Magnolia Journal, Real Simple, Martha Stewart Living and Southern Living. "When we acquired the Time Inc. portfolio of media brands in January 2018, we doubled our presence in the women's lifestyle category," Olson said. "Our portfolio philosophy continues to emphasize investing in brands that are market leaders and/or possess the highest growth potential. Sometimes, that means making hard decisions. Fortunately, we have been able to find new roles for some of the Family Circle team, and I would like to thank the entire group for its hard work and wish those employees affected the best in future endeavors." Founded in 1932, Meredith acquired Family Circle in 2005 as part of its purchase of Gruner + Jahr USA. It is currently published 12 times a year with a ratebase of 4 million. Subscribers of Family Circle will be served another Meredith title until their subscription is fulfilled. ABOUT MEREDITH CORPORATION Meredith has been committed to service journalism for 117 years. Today, Meredith uses multiple distribution platforms—including broadcast television, print, digital, mobile and video—to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners. Meredith's National Media Group reaches more than 185 million unduplicated American consumers every month, including nearly 90 percent of U.S. millennial women. Meredith is a leader in creating content across media platforms and life stages in key consumer interest areas such as entertainment, food, lifestyle, parenting and home. Meredith is the No. 1 magazine operator in the U.S., and owner of the largest premium content digital network for American consumers. Meredith's leading national brands include PEOPLE, Better Homes & Gardens, InStyle, Allrecipes, REAL SIMPLE, SHAPE, Southern Living and Martha Stewart Living. Meredith also features robust brand licensing activities including more than 3,000 SKUs of branded products at 4,000 Walmart stores across the U.S. and at walmart.com. Meredith's National Media Group also includes leading affinity marketer Synapse, and The Foundry, the company's state-of-the-art creative lab and content studio. Meredith's Local Media Group includes 17 television stations reaching 11 percent of U.S. households. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 markets—including Atlanta, Phoenix, St. Louis and Portland—and 13 in the Top 50. Meredith's stations produce more than 700 hours of local news and entertainment content each week, and operate leading local digital destinations. Meredith also owns MNI Targeted Media, which delivers targeted advertising solutions to more than 1,200 clients on a local, regional or national level. View original content to download multimedia:http://www.prnewswire.com/news-releases/meredith-national-media-group-announces-new-brand-leadership-roles-300939897.html SOURCE Meredith Corporation |