Meredith's Corporate Customers have recorded an advance in their cost of revenue by 5.54 % in the 1 quarter 2021 year on year, sequentially costs of revenue grew by 0.05 %. During the corresponding time, Meredith Corporation recorded a revenue increase by 2.18 % year on year, sequentially revenue fell by -1.3 %. While revenue at the Meredith Corporation's corporate clients recorded rose by 6.97 % year on year, sequentially revenue grew by 2.46 %.
Meredith's Customers have recorded an advance in their cost of revenue by 5.54 % in the 1 quarter 2021 year on year, sequentially costs of revenue grew by 0.05 %, for the same period Meredith Corporation recorded revenue increase by 2.18 % year on year, sequentially revenue fell by -1.3 %.
Meredith's Comment on Sales, Marketing and Customers
Merediths largest licensing agreement is for Better Homes and Gardens branded
products at Wal-Mart Stores, Inc. (Walmart). During fiscal 2014, we continued
to expand the scope of Better Homes and Gardens branded products at Walmart
stores.
Meredith Video Studios (MVS) is our development, production, and multiplatform
distribution company that produces video for use by Merediths television stations
and our local and national media websites, and is producing custom video for
clients as well. Sponsorship opportunities include video billboards, product
integration, channel sponsorships, and custom videos.
Retransmission fees that Meredith receives from cable, satellite, and telecommunications
service providers, which pay Meredith to carry our local television programming
in their markets. These stations generally also pay networks for certain programming
and services such as marquee sports (professional football, college basketball,
and Olympics) and news services. The Companys Fox affiliates also pay the Fox
network for additional advertising spots during prime-time programming. While
Merediths relations with the networks historically have been very good, the
Company can make no assurances they will remain so over time.
Subscription fulfillment services for Merediths national media segment are
provided by third parties. National magazine newsstand distribution services
are provided by third parties through multi-year agreements.
Meredith’s Comment on Sales, Marketing and Customers
Merediths largest licensing agreement is for Better Homes and Gardens branded
products at Wal-Mart Stores, Inc. (Walmart). During fiscal 2014, we continued
to expand the scope of Better Homes and Gardens branded products at Walmart
stores.
Meredith Video Studios (MVS) is our development, production, and multiplatform
distribution company that produces video for use by Merediths television stations
and our local and national media websites, and is producing custom video for
clients as well. Sponsorship opportunities include video billboards, product
integration, channel sponsorships, and custom videos.
Retransmission fees that Meredith receives from cable, satellite, and telecommunications
service providers, which pay Meredith to carry our local television programming
in their markets. These stations generally also pay networks for certain programming
and services such as marquee sports (professional football, college basketball,
and Olympics) and news services. The Companys Fox affiliates also pay the Fox
network for additional advertising spots during prime-time programming. While
Merediths relations with the networks historically have been very good, the
Company can make no assurances they will remain so over time.
Subscription fulfillment services for Merediths national media segment are
provided by third parties. National magazine newsstand distribution services
are provided by third parties through multi-year agreements.
Sources:
Meredith Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Meredith Corporation’s corporate clients.
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