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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:12 EDTTIME, MDPTime Inc. initiated with a Buy at Citigroup
Citigroup expects the magazine industry to undergo a consolidation period with Meredith (MDP) acquiring Time Inc. (TIME) in Q4 of 2015. The firm initiated shares of Time with a Buy rating and $28 price target.
News For TIME;MDP From The Last 14 Days
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October 16, 2014
16:30 EDTMDPOn The Fly: Closing Wrap
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October 15, 2014
16:07 EDTMDPMeredith secures rights to license Martha Stewart Living Magazine, website
Meredith Corporation (MDP) announced that it has entered into an agreement with Martha Stewart Living Omnimedia (MSO) to acquire the rights to Martha Stewart Living and www.marthastewart.com pursuant to a 10-year licensing agreement. Under the terms of the agreement, Meredith will lead sales and marketing, circulation, production, and other non-editorial functions of Martha Stewart Living and Martha Stewart Weddings magazines. Martha Stewart Living Omnimedia's editorial team will continue to create its highly regarded content. Additionally, Meredith will assume responsibility for the sales and marketing of www.marthastewart.com and www.marthastewartweddings.com and its related assets, including its vast video library. The agreement, which applies to the United States and Canada, is effective November 1. The agreement will not have a material effect on Meredith's FY15 Q2 financial performance, but will be accretive to Meredith's earnings for the second half of fiscal 2015 and in FY16.

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