Meredith revenue roughly doubles in Q2

Profit at Meredith Corp. MDP, -1.07% fell in the company’s fiscal second quarter, but the publisher of magazines like Better Homes and Gardens said it expects better revenue performance ahead. Meredith on Monday reported net income of $18.6 million in the quarter that ended Dec. 31, down from $159.4 million in the year-prior quarter, when it recorded a significant income-tax […]

Read more

The two reasons billionaires keep snapping up print media companies

On Sunday, Salesforce.com co-founder Marc Benioff and his wife, Lynne Benioff, joined a growing crowd of deep-pocketed individuals buying up print media assets. The question was and remains: Why? It’s no secret that print media is not doing well. Americans are depending less and less on print as they increasingly consume their news online. Advertisers, once the main source of […]

Read more