MDP earnings call for the period ending March 31, 2019.
News & Analysis: Meredith Corporation
MDP earnings call for the period ending December 31, 2018.
MDP earnings call for the period ending September 30, 2018.
Meredith's top and bottom lines beat analysts' expectations, but declined compared to the prior-year quarter.
A merger between the two media companies sent both stocks surging.
The $2.8 billion all-cash bid that got accepted this week was the buyer's third run at the target.
On a mixed day for the indexes, Meredith announced it is acquiring Time, and Barracuda Networks is being bought by a private equity firm.
Meredith's strong quarter was fueled by record political advertising dollars, as well as an increased focus on digital advertising.
Media General is buying the company in a $3.1 billion deal, financed by $2.8 billion of fresh debt.
Do these three fallen angels deserve a second chance? You be the judge!