Meredith Corp. (MDP) Tops Q2 EPS by 2c; Guides Q3, FY15 EPS
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Meredith Corp. (MDP) to Acquire Shape Magazine and Digital Assets from American Media
January 28, 2015 9:06 AM ESTMeredith Corp. (NYSE: MDP) has reached an agreement to acquire Shape magazine and the digital assets of the Shape, Natural Health, and Fit Pregnancy brands from American Media (AMI).
Meredith will begin producing Shape magazine with the May 2015 issue, with current readers of Shape and Meredith's Fitness magazine receiving the new and enhanced Shape magazine. Shape will have a rate base of 2.5 million, an increase of 60 percent from its current level of 1.6 million. The Shape and Fitness websites sites will continue to operate as separate... More
