MDP MDP メレディス

IAC''s $2.7 billion acquisition of Meredith has made for a downsizing of its NYC offices and a consolidation at Brookfield Place.

Meredith Corporation found using ticker (MDP) have now 4 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 59 and 36 with a mean TP of 53. With the stocks previous close at 59 this is indicating there is a potential downside of -10.2%. The 50 day moving average now sits at 57.94 while the 200 day moving average is 42.9. The market capitalisation for the company is $2,706m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" template="basic" color="green" assets="MDP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,430m based on the market concensus. 0 This article Meredith Corporation – Consensus Indicates Potential -10.2% Downside first appeared on DirectorsTalk Interviews .

The Monopoly On Your Mind: These 6 Companies Control 90% Of What You Read, Watch, & Hear Authored by Rebecca Strong via ''Down The Rabbit Hole'' Substack, In a recent Twitter survey I conducted, nearly 90% of people rated their trust in mainstream media as either “very low” or “low.” And is it any surprise? Ever-mounting media consolidation has narrowed the perspectives the public is privy to , ownership and funding of these corporations are riddled with conflicts of interest, crucial stories keep suspiciously getting buried, and big tech companies are outright censoring and demonetizing independent outlets trying to break through the noise. The media is supposed to function as a power check — and a means of arming us with vital information for shaping the society we want to live in. It’s never been a more important industry. And it’s never been more at risk. In this series, I’ll tackle each factor threatening the media’s ability to serve our democracy — with input from journalists, media critics and professors, and other experts.

ATLANTA, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2021. While the quarter did not include political advertising revenue at the robust levels experienced in the fourth quarter of 2020, our total revenues of $721 million were strong for an off-year of the two-year political advertising cycle, and higher than our anticipated results due to continued improvement in economic conditions and our acquisition of the Local Media Group of Meredith Corporation on December 1, 2021, and Quincy Media on August 2, 2021. Most notably, in the fourth quarter 2021 our combined local and national broadcast advertising revenue, excluding political advertising revenue (“Total Core Revenue”) increased by 26%, and our retransmission consent revenue increased by 35%. Our total revenue for the year ended December 31, 2021 was $2.4 billion, the highest we have ever reported.

IAC spent roughly $2.7 billion to purchase the media company Meredith Corp. last year.

Meredith Corporation found using ticker (MDP) have now 4 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 59 and 36 with a mean TP of 53. With the stocks previous close at 59 this is indicating there is a potential downside of -10.2%. The 50 day moving average now sits at 57.94 while the 200 day moving average is 42.9. The market capitalisation for the company is $2,706m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" template="basic" color="green" assets="MDP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,430m based on the market concensus. 0 This article Meredith Corporation – Consensus Indicates Potential -10.2% Downside first appeared on DirectorsTalk Interviews .

The Monopoly On Your Mind: These 6 Companies Control 90% Of What You Read, Watch, & Hear Authored by Rebecca Strong via ''Down The Rabbit Hole'' Substack, In a recent Twitter survey I conducted, nearly 90% of people rated their trust in mainstream media as either “very low” or “low.” And is it any surprise? Ever-mounting media consolidation has narrowed the perspectives the public is privy to , ownership and funding of these corporations are riddled with conflicts of interest, crucial stories keep suspiciously getting buried, and big tech companies are outright censoring and demonetizing independent outlets trying to break through the noise. The media is supposed to function as a power check — and a means of arming us with vital information for shaping the society we want to live in. It’s never been a more important industry. And it’s never been more at risk. In this series, I’ll tackle each factor threatening the media’s ability to serve our democracy — with input from journalists, media critics and professors, and other experts.

ATLANTA, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2021. While the quarter did not include political advertising revenue at the robust levels experienced in the fourth quarter of 2020, our total revenues of $721 million were strong for an off-year of the two-year political advertising cycle, and higher than our anticipated results due to continued improvement in economic conditions and our acquisition of the Local Media Group of Meredith Corporation on December 1, 2021, and Quincy Media on August 2, 2021. Most notably, in the fourth quarter 2021 our combined local and national broadcast advertising revenue, excluding political advertising revenue (“Total Core Revenue”) increased by 26%, and our retransmission consent revenue increased by 35%. Our total revenue for the year ended December 31, 2021 was $2.4 billion, the highest we have ever reported.

IAC spent roughly $2.7 billion to purchase the media company Meredith Corp. last year.

Barry Diller''s IAC/InterActiveCorp (IAC +5.1%) is shutting down print editions of six magazines it acquired when it bought the national media assets of Meredith last year

Bank of America Corp DE raised its position in shares of Meredith Co. (NYSE:MDP) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,676 shares of the companys stock after acquiring an additional 10,004 shares during the period. []

Millennium Management LLC boosted its position in Meredith Co. (NYSE:MDP) by 156.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,819 shares of the companys stock after purchasing an additional 35,287 shares during the period. Millennium Management LLCs holdings in Meredith were worth $2,512,000 as []

Price T Rowe Associates Inc. MD reduced its position in shares of Meredith Co. (NYSE:MDP) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,296 shares of the company’s stock after selling 2,119 shares during the quarter. Price T Rowe Associates Inc. […]

Meredith Corp. (MDP) shares closed 0.0% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 207.3% year-to-date, up 186.1% over the past 12 months, and up 25.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.9%, and the S&P 500 fell 2.1%. Trading Activity Trading volume this week was 21.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 296.6% The company's stock price performance over the past 12 months beats the peer average by 99.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -79.2% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

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