Meredith Mergers and Acquisitions Summary

MediaCompany

Meredith has acquired 19 companies of its own, including 3 in the last 5 years. It has also divested 10 assets.

Meredith’s largest acquisition to date was in 2017, when it acquired Time for $2.8B. It’s largest disclosed sale occurred in 2021, when it sold Meredith - Local Media Group to Gray Television for $2.8B. Meredith has acquired in 12 different US states. The Company’s most targeted sectors include media (48%) and internet software and services (16%).

Join Mergr and gain access to Meredith’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the media sector.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity19
    • M&A Sell Activity10
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

Meredith

Meredith Corp.

1716 Locust Street,
Des Moines, Iowa 50309
United States,
(515) 284-3000
www.meredith.com

Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. The National Media Group features robust brand licensing activities, including over 3,000 SKUs of branded products at 4,000 Walmart stores across the U.S. Meredith Xcelerated Marketing is a content-powered consumer engagement agency that provides integrated marketing solutions for many of the world's top brands, including Kraft, Lowe's, Chrysler and NBC Universal. Meredith's Local Media Group includes 17 owned or operated television stations reaching nearly 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 - including Atlanta, Phoenix and Portland - and 13 in Top 50 markets. Meredith's stations produce approximately 650 hours of local news and entertainment content each week, and operate leading local digital destinations. Additionally, Meredith Video Studios produces the Daytime Emmy Award-nominated The Better Show, a syndicated daily lifestyle television program reaching 80 percent of U.S. TV households. Meredith was formed in 1902 and is based in Des Moines, Iowa.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.4/yr) # 17 - 1 1 - - 19
vol $3.1B $3.1B
Sell (1.8/yr) # 1 5 2 1 1 - 10
vol $340M $110M $2.8B $3.3B
  29

Most Recent M&A

Company Date Value Type
Meredith Corp. - Local Media Group 2021-06-03 2.8B USD Divestiture
Des Moines, Iowa
FanSided LLC 2020-01-24 - Divestiture
Nixa, Montana · www.fansided.com
SwearBy 2020-01-09 - Add-on Acquisition
Brooklyn, New York · www.swearby.com
Stop, Breathe & Think PBC 2019-10-29 - Add-on Acquisition
Los Angeles, California · www.stopbreathethink.com
MONEY.com 2019-10-22 - Divestiture
, United States · www.money.com
Meredith Corp. - Sports Illustrated 2019-05-27 110M USD Divestiture
Des Moines, Iowa
The Drive 2018-12-18 - Divestiture
New York, New York · www.thedrive.com
Meredith Corp. - FORTUNE Media Brand 2018-11-09 150M USD Divestiture
Des Moines, Iowa
Time, Inc. 2018-11-01 190M USD Unknown
New York, New York · www.timeinc.com
Meredith Xcelerated Marketing Corp. 2018-03-29 - Divestiture
New York, New York · www.meredithxceleratedmarketing.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 9 (47%) 140M (4%) 5 (50%) 3.1B (94%)
Digital Media 2 (11%) - 3 (30%) -
Internet Software and Services 3 (16%) 175M (6%) - -
Marketing 1 (5%) - 1 (10%) -
Publishing 1 (5%) 2.8B (90%) 1 (10%) 190M (6%)
Consumer Services 1 (5%) - - -
Healthcare Services 1 (5%) - - -
Information Technology 1 (5%) - - -
Total 19 $3.1B 10 $3.3B

By Geo

State/Country Buy Value Sell Value
United States 19 3.1B 9 3.3B
  New York 5 2.8B 3 190M
  Iowa 1 - 3 3.1B
  Arizona 2 - 1 -
  Washington 2 175M - -
  California 2 - - -
  Vermont 1 - - -
  Texas 1 - - -
  Oregon 1 - - -
  Michigan 1 - - -
  Massachusetts 1 54M - -
  Florida 1 86M - -
  Montana - - 1 -
United Kingdom - - 1 -
Domestic 19 (100%) 3.1B (100%) 9 (90%) 3.3B (100%)
Cross-border - - 1 (10%) -
Total 19 $3.1B 10 $3.3B

Top M&A Advisors

Financial Deals
Moelis & Co.
3
Citigroup Investment Banking
2
BDT & Co. LLC
2
Legal Deals
Cooley LLP
6
Herbert Smith Freehills
1

Deal Values

buy # Total
> $1B 1 $2.8B
$100M to $1B 1 $175M
< $100M 2 $140M
TOTAL $3.1B
Largest Time, Inc.
$2.8B (2017-11-26)
sell # Total
> $1B 1 $2.8B
$100M to $1B 3 $450M
TOTAL $3.3B
Largest Meredith Corp. - Local Media Group
$2.8B (2021-06-03)

M&A Connections

Deals
Acquired from
Strategic(s)
42%
8 (42%)
Divested to
Investor(s)
20%
2 (20%)
Strategic(s)
70%
7 (70%)

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