Meredith Corporation (NYSE:MDP) Under News Radar

Meredith Corporation (MDP) stock recorded current change of 1.74% to trade at $67.2 with the total traded volume of 136753 shares along average volume of 409836 shares. 52 week range of the stock remained $ 50.63 – 72.25 while its day low price was $65.95 and its hit its day high price at $67.35. Its previous closing value stands at $66.05. MDP total market capitalization is $ 3.02B. Currently stocks EPS is $4.14 while its price to earnings ratio is 16.23

Meredith Corporation (NYSE:MDP) reported today that its Board of Directors has elected Steve Lacy Executive Chairman and Tom Harty President and Chief Executive Officer, effective February 1, 2018. Lacy is currently Chairman and Chief Executive Officer and Harty is President and Chief Operating Officer.

In his new role, Harty, 55, will continue to lead Meredith’s National and Local Media Groups, and direct the integration of the Time Inc. acquisition. He will add responsibility for Meredith’s Finance and Legal functions, which are led by Chief Financial Officer Joe Ceryanec and Chief Development Officer & General Counsel John Zieser, respectively. In his new role, Lacy, 63, will work with Harty to determine Meredith’s strategic agenda; continue to represent Meredith to the investment and financial communities; lead all Board activities; and play a greater role in media industry association activities, particularly legislative initiatives.

Meredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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