Meredith - M&A Summary, Ownership, and Business Overview

MediaCompany

Meredith M&A Summary

Meredith has acquired 19 companies of its own, including 2 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%).

Meredith Ownership

Who owns Meredith?

Meredith is owned by Dotdash Meredith. It was acquired on October 6, 2021.

Meredith Business Overview

Where is Meredith headquartered?

Meredith is headquartered in Des Moines, Iowa.

What is Meredith’s revenue?

Meredith disclosed revenue of 2,849M USD for 2020 and 3,189M USD for 2019.

How many employees does Meredith have?

Meredith has 5,290 employees.

What sector is Meredith in?

Meredith is a media company.

When was Meredith founded?

Meredith was founded in 1902.

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. Meredith was formed in 1902 and is based in Des Moines, Iowa.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 18 1 - - - - 19
vol $3.1B $3.1B
Sell (0.4/yr) # 8 1 1 - - - 10
vol $450M $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 -
  California 2 - - -
  Washington 2 175M - -
  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
BDT & Co. LLC
 2
Citigroup Investment Banking
 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%)

Company Summary

SECTOR

Media

Revenue

2,849   11% 2020
3,189   42% 2019
2,247   32% 2018
1,713   4% 2017
1,650   4% 2016
1,594   9% 2015
1,469   1% 2014
1,471   2013
(millions of USD) Show More Show Less

Employees

5,290

Established

1902

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Iowa Companies , Media Companies , United States Companies , Iowa Media Companies

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