Meredith Corporation was an American media conglomerate based in Des Moines, Iowa, that owned newspapers, magazines, television stations, and websites.
In 1970, the company attempted to enter the entertainment industry by purchasing game show and film producer Ralph Andrews Productions.
[5] In 1987, Meredith Corporation made a deal that they would purchase MMT Sales for $40 million, and would represent national advertising spot time on 60 stations across the entire US country.
[17] On September 8, 2015, Media General announced its intent to acquire Meredith in a cash and stock deal valued at $2.4 billion.
[18] The combined company would have operated under the name Meredith Media General, and be the third-largest owner of television stations in the United States—serving an estimated 30% of households.
[19] However, the offer was countered by Nexstar Broadcasting Group, who made a successful, $4.6 billion bid to acquire Media General instead.
[32] In November 2018, Meredith announced the sale of Fortune to Thai businessman Chatchaval Jiaravanon, whose family owns Charoen Pokphand, for $150 million.
[33][34] After failing to find a buyer for Money, Meredith in April 2019 announced that it would cease the magazine's print publication as of July 2019, but would invest in the brand's digital component Money.com.
[37] In October 2019, Meredith Corporation sold the Money brand and website to Ad Practitioners LLC, a media and advertising company based in Puerto Rico.
[40] Also in November 2019, the company announced the launch of a new quarterly magazine, called Reveal, in January 2020 in collaboration with Drew and Jonathan Scott from HGTV's Property Brothers.
[46][47] On February 9, 2022, it was revealed that six former Meredith Corporation magazines (Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Espanol) will cease having print circulation and switch to a digital-only format.
[54] On December 23, 2013, Meredith announced plans to buy St. Louis CBS affiliate KMOV and Phoenix independent station KTVK for $407.5 million in cash from Gannett Company and Sander Media, LLC to satisfy a federal mandate that Gannett sell KMOV.
[66] It launched its free, ad-supported online video service PeopleTV in 2016, which got a pay TV deal by May 2018 with FuboTV.
Four M also announced at that time a deal with Freeform TV channel to develop Meredith magazine stories, including People's "Heroes Among Us" franchise, into telefilms.