IAC''s $2.7 billion acquisition of Meredith has made for a downsizing of its NYC offices and a consolidation at Brookfield Place.
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Meredith Corporation found using ticker (MDP) have now 4 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 59 and 36 with a mean TP of 53. With the stocks previous close at 59 this is indicating there is a potential downside of -10.2%. The 50 day moving average now sits at 57.94 while the 200 day moving average is 42.9. The market capitalisation for the company is $2,706m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" template="basic" color="green" assets="MDP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,430m based on the market concensus. 0 This article Meredith Corporation – Consensus Indicates Potential -10.2% Downside first appeared on DirectorsTalk Interviews .
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The Monopoly On Your Mind: These 6 Companies Control 90% Of What You Read, Watch, & Hear Authored by Rebecca Strong via ''Down The Rabbit Hole'' Substack, In a recent Twitter survey I conducted, nearly 90% of people rated their trust in mainstream media as either “very low” or “low.” And is it any surprise? Ever-mounting media consolidation has narrowed the perspectives the public is privy to , ownership and funding of these corporations are riddled with conflicts of interest, crucial stories keep suspiciously getting buried, and big tech companies are outright censoring and demonetizing independent outlets trying to break through the noise. The media is supposed to function as a power check — and a means of arming us with vital information for shaping the society we want to live in. It’s never been a more important industry. And it’s never been more at risk. In this series, I’ll tackle each factor threatening the media’s ability to serve our democracy — with input from journalists, media critics and professors, and other experts.
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ATLANTA, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2021. While the quarter did not include political advertising revenue at the robust levels experienced in the fourth quarter of 2020, our total revenues of $721 million were strong for an off-year of the two-year political advertising cycle, and higher than our anticipated results due to continued improvement in economic conditions and our acquisition of the Local Media Group of Meredith Corporation on December 1, 2021, and Quincy Media on August 2, 2021. Most notably, in the fourth quarter 2021 our combined local and national broadcast advertising revenue, excluding political advertising revenue (“Total Core Revenue”) increased by 26%, and our retransmission consent revenue increased by 35%. Our total revenue for the year ended December 31, 2021 was $2.4 billion, the highest we have ever reported.
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IAC spent roughly $2.7 billion to purchase the media company Meredith Corp. last year.
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NEW YORK, July 22, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) Southern Living announces the winners of its first annual Pet Awards, spotlighting the editors'' 48 all-time-favorite products for living, playing, and traveling with their cats and dogs. Southern Living''s Pet
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CITY OF INDUSTRY, Calif., July 21, 2021 /PRNewswire/ -- Lee Kum Kee, pioneer and leading maker of Asian sauces and condiments, today announced it was named as one of the top three favorite soy sauce brands by Allrecipes'' first annual Community Choice Awards. Meredith Corporation''s
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Summary List Placement Graduate wealth management analysts should expect to work 72 hour weeks and they''ll be better trained for it according to a senior JPMorgan executive. Mary Callahan Erdoes, the CEO of JP Morgan Chase''s Asset and Wealth Management division, was speaking during an episode of Bloomberg''s Wealth with David Rubenstein. Erdoes said that working longer hours will help graduate analysts learn their craft more quickly. Based on the idea that it takes roughly 10,000 hours to gain "base-level mastery" of something, it''s going to take around five years if someone works eight-hour days, five days a week, said Erdoes. "On Wall Street, it''s more like 12 hours a day, six days a week. That cuts you down to about two-and-a-half years before you become mastered in something." Once a graduate has that experience under their belt across different areas of the wealth management division they be sorted into a specialized team, based on what they''re best at, said Erdoes. The concept of the ''10,000hour rule'', which was made popular by the sociologist Malcolm Gladwell, is disputed by some.
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HTF MI introduce new research on Global Licensed Merchandise covering micro level of analysis by competitors and key business segments. The Global Licensed Merchandise explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it []
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To facilitate regulatory approvals for its approximately $2.825 billion purchase of Meredith Local Media, announced on May 3, Gray Television agreed to divest an ABC affiliate to an independent third-party no later than the closing of the Meredith acquisition. At the time, RBR+TVBR asked if it was Allen Media Group. It is now known that this guess was correct.
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BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that David Meredith ranked among Comparablys 2021 Best CEOs for Diversity for largest companies. Meredith ranked alongside peers from industry leaders including Zoom, Adobe, IBM, Google, Microsoft, Uber and Ford Motor Company. Comparably, a leading workplace culture site measuring employee sentiment, compiled its annual Best CEOs for Diversity to shine a
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As Cookies Crumble & Trust in Social Media Tanks, Content Creators Like Meredith Corporation, Recurrent & Sinclair Broadcast Group Turn to Jeeng for 1:1 Audience Engagement & Monetization through Email & Push Notifications Jeeng, formerly PowerInbox, the trusted audience engagement and monetization partner for content creators and publishers, announced the company has achieved significant year [] The post Jeeng Posts Double-Digit Monthly Growth, Expands Customer & Staff Roster as Content Creators Demand for Personalized, Automated Messaging Grows appeared first on MarTech Series .
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Summary List Placement A cottage industry of adtech firms are pitching new technologies to help advertisers share consumer data amid the collapse of third-party cookies and growing privacy concerns. One of the most prominent new technologies are data clean rooms, which let advertisers match first-party data like email addresses with data from partners, like publishers, to better target and measure ads. The stakes are high: Marketers spent an estimated $121.5 billion on marketing-tech in 2020, according to a report from BDO, WARC, and the University of Bristol. Without data clean rooms, many pieces of marketing-tech infrastructure won''t work because advertisers won''t be able to extract and use data for advertising. Clean rooms can mitigate the risks that advertisers face in sharing data because they are designed as privacy-compliant tools. Insider pulled together a list, based on our reporting, of the most interesting and largest companies making big bets on new data-sharing technologies.
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Meredith Corporation with ticker code (MDP) now have 6 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 51 and 29 with a mean TP of 38.17. Given that the stocks previous close was at 41.35 this would imply there is a potential downside of -7.7%. The day 50 moving average is 39.22 and the 200 day moving average is 30.56. The market cap for the company is $1,884m. Find out more information at: /> [stock_market_widget type="chart" symbol="MDP" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Meredith Corporation operates as a diversified media company primarily in the United States. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services.
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A new pilot program from TikTok would inject a little LinkedIn into the youthful video-based social network. TikTok announced that starting today it will invite users to submit video resumes to participating companies, including Target, Chipotle, Shopify, Meredith, NASCAR and the WWE. The company encourages applicants to show off their skills in a creative way []
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"The Sell Sider" is a column written by the sell side of the digital media community. Today''s column is written by Corbin de Rubertis, head of innovation at Meredith. The pandemic accelerated many consumer trends that were already in motion, including the collapse of the traditional funnel and the proliferation of ecommerce experiences in mobile apps, Continue reading » The post 5 Ways for Retailers to Grow Revenue from Social Commerce appeared first on AdExchanger .
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AUSTIN, Texas, July 6, 2021 /PRNewswire/ -- Clerk (formerly Popspots), a retail technology company, today announced a merchandising partnership with Meredith Corporation to help manage their publications in over 15,000 stores per quarter. Meredith will use Clerk''s machine learning
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DES MOINES, Iowa, June 28, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP), a leading media company reaching nearly 95 percent of all U.S. women and more than 190 million American consumers every month, is once again ranked No. 2 by License Global, the leading news source for the
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NEW YORK, June 16, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) FOOD & WINE announces its first annual Game Changers list celebrating the people, products, organizations and movements that have had the most meaningful impact on the way we eat, drink and live right now. Selected
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Money announced a sitewide rebrand this morning, the result of a year-long process to improve the site speed and user experience, as well as signal a new chapter in the history of the nearly 50-year-old publication. Plans for the redesign began when the advertising technology company Ad Practitioners acquired Money from its parent company, Meredith,
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Related Stocks: MDP ,
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In a significant decision interpreting Californias automatic renewal law, Cal. Bus. & Prof. Code §§ 17600 et seq. (ARL), the Ninth Circuit Court of Appeals affirmed a lower courts dismissal of a class action complaint alleging that defendants Time Inc. and Meredith Corp. (collectively, Time) had violated the ARL in their automatic renewal of plaintiff Linda Halls People magazine subscription. Hall v. Time, Inc., 2021 WL 2071991 (9th Cir. May 24, 2021). Most notably, the Ninth Circuit held By: Faegre Drinker Biddle & Reath LLP
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NEW YORK, June 7, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) PARENTS released this year''s Best Frozen Treats list, a selection of the most flavorful and enjoyable pops, bars, and pints. PARENTS'' Best Frozen Treats 2021 is available on Parents.com/FrozenTreats and in the July
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Meredith Corp. (MDP) shares closed today at 0.4% below its 52 week high of $39.64, giving the company a market cap of $1B. The stock is currently up 105.6% year-to-date, up 85.7% over the past 12 months, and down 9.9% over the past five years. This week, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 rose 0.5%. Trading Activity Trading volume this week was 32.7% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 103.1% The company's stock price performance over the past 12 months lags the peer average by -5.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -154.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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NEW YORK, June 3, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) PARENTS released this year''s Best Skin Care for Kids, a selection of the 30 most gentle and effective products. The list comprises everyday creams, bath and hair, skin repair, diaper-area treatment, outdoor skin
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NEW YORK, June 3, 2021 /PRNewswire/ -- Meredith Corporation''s PEOPLE, the No. 1 brand in the United States celebrating entertainment and popular culture, today launched PEOPLE in the ''90s, a new weekly podcast that takes a nostalgic look at the stars and stories that defined a decade. It
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NEW YORK, June 3, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) REAL SIMPLE today announced the launch of REAL SIMPLE handbags, a collection of leather and coated canvas bags that offer exceptional organization in smart, classic designs.
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Unsolicited bid forces Gray to raise transaction value to $2.82B
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(RTTNews) - Media company Meredith Corp. (MDP) announced Thursday that it has accepted a revised proposal from Gray Television, Inc. (GTN) to acquire Meredith's Local Media Group for approximately $2.825 billion in cash. The two companies have entered into an amendment to their previously announced definitive merger agreement reflecting the…
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NEW YORK, June 2, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) SHAPE is launching the next edition of the SHAPE Beauty Lab Box on June 7, an exclusive offering filled with the latest products from 21 top beauty and wellness brands such as Batiste, Degree, Fortify+ and more.
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NEW YORK, June 2, 2021 /PRNewswire/ -- Meredith Corporation''s (NYSE: MDP) FOOD & WINE announces that its newest video series Pastries with Paola debuts today. In this lighthearted new weekly show, celebrated pastry chef and James Beard Award finalist Paola Velez, who is known as much for
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2020 was a record year for home-cooking, and the Meredith title Allrecipes has the receipts to prove it. The food media publication uses sophisticated data analytics to track changes in how and for what its readers, whom it calls cooks, are shopping and preparing in their home kitchens. Now, with the pandemic slowly receding in…
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Meredith, the publisher behind iconic home and lifestyle brands like People, Food & Wine and Southern Living used its NewFronts presentation to announce a slate of new video and podcast programming, as well as tout its Video Accountability Suite, a host of measurement tools designed to prove video advertisers' performance. The publisher reaches 95% of…
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NEW YORK , May 3, 2021 /PRNewswire/ -- If you own Meredith shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website: Full story available on Benzinga.com
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Ocugen, Domino's Pizza, Meredith, CarMax and BioNTech are five top gainers for Monday.
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Meredith is selling its TV stations to Gray Television and will focus on its national media group, including the magazines People and Better Homes & Gardens.
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A deal between Meredith and Gray on the sale of 17 stations could emerge as soon as this week.
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Time Magazine is well-known for its annual Time100 Most Influential People issue. The media brand unveiled a new annual list called the TIME100 Most Influential Companies. The list coincides with the company’s launch of Time business, a new editorial section. Time Magazine was previously owned by Time Warner and Meredith Corporation (NYSE: MDP ) before being sold to salesforce.com, inc. (NYSE: CRM ) owner Marc Benioff. The list features five different covers featuring the CEOs of Hello Sunshine, the National Basketball Association (NBA), Gro Intelligence, General Motors Company (NYSE: GM ) and Illumina, Inc. (NASDAQ: ILMN ). Related Link: These Big Money Players Have Put Bitcoin On The Balance Sheet Here are the publicly traded companies that made the inaugural list, divided into categories by the magazine, which also provided the reason why: Pioneers Bumble Inc (NASDAQ: BMBL ): Designing a smarter, safer dating app Beyond Meat Inc (NASDAQ: BYND ): Popularizing plant-based protein Tilray Inc (NASDAQ: TLRY ): Commanding the cannabis market Roblox Corp (NYSE: RBLX ): Building a …
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Summary List Placement More and more content publishers are entering the affiliate, or partner, marketing channel. Marketer perception of the affiliate space may be changing as the types of publishers in the channel diversify. Do you work in the Marketing, Media & Advertising industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. The following is a preview of one Media, Advertising, and Marketing report, the Publishers and Commerce 2021. You can purchase this report here. Affiliate commerce isn't new for many publishers, nor is it for marketers. But more content publishers are entering the affiliate space, creating new opportunities for performance marketers to reach high-quality audiences through high-quality content. Meanwhile, the affiliate model itself is evolving. Some affiliate networks now offer marketers more ways to attribute sales to multiple publisher touchpoints along the path to purchase. Traditionally, the types of publishers in the affiliate channel have been coupon, cash-back, loyalty, price comparison, and review sites.
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NEW YORK , April 21, 2021 /PRNewswire/ -- Standard General L.P., the largest equityholder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA ), today released an open letter to TEGNA shareholders. April 21, 2021 To Our Fellow TEGNA Shareholders, We would like to respond to TEGNA's rebuttal presentation published on April 15 , 2021. The presentation is deeply flawed and is premised on a fundamental mischaracterization: TEGNA uses the wrong peer group. TEGNA is a pure-play television broadcaster. TEGNA's presentation benchmarks itself to media companies Meredith and Scripps, which have significant non-television assets. Meredith derives most of its revenue from its magazine/newspaper business and only 27% of revenue from its comparable television broadcasting business. Similarly, Scripps has a significant national media business, which includes Triton (SaaS business model), Newsy (national news network), and Katz (operator of multicast networks). TEGNA should instead compare itself to Nexstar and Gray, which are pure-play television broadcasters.
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NEW YORK , April 20, 2021 /PRNewswire/ -- Meredith Corporation 's (NYSE: MDP) Travel + Leisure announces its annual It List of the best new hotels of the year, spotlighting the 73 most remarkable new and newly redone properties around the globe. Selected by the editors of Travel + Leisure, the hotels on this 16 th annual list provide experiences that are sure to inspire wanderlust, offering travelers more reasons to make plans to get up and go. The 2021 It List is featured in the May issue of Travel + Leisure, on newsstands now, and at www.travelandleisure.com/it-list . Jacqui Gifford , Editor in Chief of Travel + Leisure, said, "It's an honor to recognize each of these standout new properties that offer travelers so much to look forward to. In a year when hotels were challenged to rethink their approach to just about everything, the industry forged ahead. Our list of properties spans the globe, showcasing resilience, determination and hope for the future. The 2021 It List is a reminder of so many of the joys of travel, and this latest crop of openings is as exciting as any we've seen in the 16 years of creating the It List." The hotels are located in 29 countries across six continents and a represent a variety of styles from safari lodges and luxury beach resorts to chic city escapes, wellness retreats and getaways that offer easy access to nature.
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LOS ANGELES and NEW YORK , March 30, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) brands MyLife , a personalized mindfulness and emotional wellness app for kids and adults, and PARENTS , the leading source for busy, millennial moms, are teaming up to create a new mindfulness program aimed at helping overburdened moms. Launching in the MyLife app on March 30th , the 7-part program, " Quick Mental Unloads for Moms " will be a collection of short, powerful activities that supports busy moms. The special curated section, which can be completed on any schedule or in any order, will offer everything from simple ways to help moms forgive themselves to self-compassion exercises, along with a selection of meditations, yoga moves, and reflections to give moms the care they deserve. Each of the activities range in length from 3 minutes to 12 minutes. Julia Dennison , Digital Content … Full story available on Benzinga.com
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Lifestyle magazines Departures and Centurion, which went to high-income holders of American Express platinum and centurion cards, is the latest casualty in the print world as Meredith laid off most of the staff and halted publication of the seven-times-a-year print titles. The titles were published by Meredith under deal with American Express, which said it…
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NEW YORK and BIRMINGHAM, Ala., March 17, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) Southern Living announces that its 2021 Idea House, currently under construction in Louisville, Kentucky, will open its doors this summer. This year's home will be featured in the October…
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NEW YORK, March 11, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) PARENTS LATINA announces the results of its first study on Latina single moms revealing that single moms feel most challenged when it comes to balancing work and home life with 35% reporting that it is the hardest…
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NEW YORK, March 9, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) PARENTS released its second annual list of Best Green Cleaners, a selection of over 20 sustainable, efficient, and affordable products that are designated eco-friendly by a team of PARENTS editors and experts….
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NEW YORK, March 8, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP: Meredith.com) PEOPLE EN ESPAÑOL's Poderosas Virtual Conference, focused on guiding, mentoring, and inspiring a community of entrepreneurs and career-driven individuals, will center this year's conversation around…
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Australia must win Wednesday night's T20 against New Zealand to stand any chance in their trans-Tasman series.
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NEW YORK, Feb. 26, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE: MDP) FOOD & WINE announces that Kwame Onwuachi will be a contributing Executive Producer, effective immediately. In this new role, Onwuachi will collaborate with the editorial team to develop content for the brand…
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NEW YORK, Feb. 26, 2021 /PRNewswire/ -- Meredith Corporation's (NYSE:MDP) HelloGiggles today announced the winners of the Beauty Crush Awards 2021, featuring the top beauty products across categories, including skincare, hair, nails and makeup. The full list of the Beauty Crush Awards…
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