Time inc digital media kit generator#
Continues the strong and growing contribution from local media – Meredith's portfolio of 17 high-performing television stations in 12 markets is a consistent generator of strong cash flow.Creates unparalleled portfolio of national media brands with greater scale and efficiency – Combined, Meredith's brands will have a readership of 135 million and paid circulation of nearly 60 million, with leading positions in celebrity, food, lifestyle, news and sports, parenting, and home content creation, as well as enhanced positions in the beauty, fashion and luxury advertising categories.Key Strategic and Financial Benefits of the Transaction: employees to Meredith delivering on our pledge to achieve identified synergies and growing shareholder value." We look forward to completing the transaction welcoming the Time Inc. "When you combine our strong local television business – which has grown operating profit 15 percent annually over the last five years – with the trusted, premium multiplatform content creation of Meredith and Time Inc., it creates a powerful media company serving consumers and advertisers alike. "This is a transformative transaction for Meredith Corporation, and follows a fiscal 2017 in which we posted the highest revenues, profit and earnings per share in our 115-year history," said Meredith President and Chief Operating Officer Tom Harty.
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Additionally, Meredith anticipates generating cost synergies of $400 million to $500 million in the first full two years of operation. The transaction will create a diversified media and marketing company with calendar 2016 combined revenues of $4.8 billion – including $2.7 billion of total advertising revenues with nearly $700 million of digital advertising revenues – and adjusted EBITDA of $800 million. and over 10 billion annual video views, enhancing Meredith's leadership position in reaching Millennials." We are also creating a powerful digital media business with 170 million monthly unique visitors in the U.S. "We are adding the rich content-creation capabilities of some of the media industry's strongest national brands to a powerful local television business that is generating record earnings, offering advertisers and marketers unparalleled reach to American adults. "We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth," said Meredith Corporation Chairman and CEO Stephen M.