Meredith Corp (MDP) Q4 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Chocka-ad-blocker
While everyone is freaking about the phaseout of third parties cookies and low IDFA opt-in rates, don’t forget – an estimated 40% of US adults already block online ads on PCs or phones. According to new data from Blockthrough reported by CNET, ad blocking is surging as millions seek more privacy, better security and, frankly, less annoyance. Although the number of people using ad blocking has remained mostly flat on PCs, it’s a totally different story on mobile devices, where ad blocking has doubled over the past five years – up from 282 million to 586 million by the end of 2020. Blockthrough also found that an increasing number of ad blockers are signing up for the Acceptable Ads program, which whitelists publishers whose ad experiences are deemed to be respectful and nonintrusive. The number of people using ad blockers that support Acceptable Ads grew 435% on mobile and 54% overall between the start of 2019 and the close of 2020.
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The headquarters of Meredith Corp. is shown, Monday in Des Moines. On Monday, the company said it will sell its Local Media Group consisting of 16 television stations to Gray Television Inc. for $2.7 billion in cash and focus on expanding its print and digital magazines business.
DES MOINES Magazine publisher and multimedia company Meredith Corp. said Monday it will sell its Local Media Group consisting of 17 television stations to Gray Television Inc. for $2.7 billion in cash and will focus on expanding its print and digital magazines business.
The Des Moines, Iowa-based company publishes more than 20 magazines including People and Better Homes & Gardens in both print and digital versions.
Media Maneuvers: LA Times Names ESPN s Merida Exec Editor odwyerpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from odwyerpr.com Daily Mail and Mail on Sunday newspapers.
Meredith sells broadcasting arm Local Media Group for $2.7B; National Media Group to spin off as publicly traded company
BY BUSINESS RECORD STAFF Monday, May 3, 2021 11:05 AM Meredith Corp. today announced that it has agreed to sell its Local Media Group to Gray Television Inc. for $2.7 billion in cash and will focus exclusively on its National Media Group portfolio.
Under the terms of the transaction, Meredith s National Media Group will be spun off to shareholders as a stand-alone publicly traded company retaining the Meredith name, with shareholders receiving cash consideration per share of approximately $14.50 and 1-for-1 equity share in post-close Meredith. The transaction was unanimously approved by Meredith s and Gray s boards.