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Meredith Board Declares Dividend; Current Annual Yield 5.5%
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Des Moines : The Meredith Corporation Board of Directors has declared a regular quarterly dividend of $0.3825 per share, or $1.53 on an annual basis. The dividend will be payable on June 15, 2012, to shareholders of record on May 31, 2012.
The dividend is 50 percent higher than a year ago, reflecting a substantial increase on October...
Local Media Group Posts Record 3rd Quarter Profit
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Des Moines :Meredith Corporation (NYSE: MDP), the leading media and marketing company serving American women, has reported fiscal 2012 third quarter earnings per share of $0.47, including a special charge of $0.19 per share.
Excluding the special charge, earnings per share were $0.66, in-line with Meredith's previously stated...
Facebook to buy Instagram for $1 bn
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Washington: Facebook will purchase the popular photo sharing app Instagram for $1 billion, Facebook's CEO Mark Zuckerberg has announced.
"For years, we've focused on building the best experience for sharing photos with your friends and family," Zuckerberg said in a Facebook post Monday.
"Now, we'll be able to...
Possible Worldwide to acquire digital agency Carnation in Hungary
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WPP announces that its wholly-owned operating network Possible Worldwide, the global interactive marketing agency, has agreed to acquire all of the shares in Carnation Internet Tanácsadó Zrt in Hungary (“Carnation”).
Founded in 1997 and headquartered in Budapest, Carnation is a full-service digital marketing services...
WPP acquires Crowdverb, an advocacy firm in the US
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WPP announces that its wholly owned subsidiary Burson-Marsteller has acquired the assets of Crowdverb and that it will be aligned with Direct Impact, a leading grassroots advocacy firm that is also part of Burson-Marsteller.
Crowdverb is a start-up company based in Seattle, Washington, with an office in Austin, Texas. Crowdverb specializes...
WPP acquires EffectiveUI in Denver, Colorado
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WPP announces that it has acquired all the assets of EffectiveUI, Inc. ("EffectiveUI"), a leading user experience agency that designs and develops custom web, mobile, desktop and touch-enabled applications.
Founded in 2005, EffectiveUI is based in Denver, Colorado with an additional office in Rochester, New York and employs 100...
Meredith Completes Acquisition of Allrecipes.com From Reader’s Digest
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Des Moines : Meredith Corporation and The Reader's Digest Association Inc. announced today that they have closed on the transaction for Meredith to acquire Allrecipes.com, the world's No. 1 digital food brand.
The acquisition of Allrecipes.com places Meredith first in comScore's Food Community rankings, and more than doubles...
Media General may sell Newspaper business
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Richmond: Media General, Inc. recently announced that it is exploring the potential sale of newspaper operations. Media General said it has received inquiries from several third parties regarding the potential purchase of certain of its print assets.
The company wishes to ensure that any divestiture it may make maximizes shareholder...
US to contribute almost half of Social Media revenues this year:eMarketer
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Worldwide social network ad revenues are still going strong and set to grow nearly 50% this year, according to eMarketer estimates.
eMarketer forecasts advertisers will spend $7.72 billion on social network advertising this year, including paid advertising on social sites and in social games and applications. This year’s growth will...
Yahoo! reports 10 percent increase in operating income
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Sunnyvale : Yahoo! Inc. (NASDAQ: YHOO) today reported results for the fourth quarter and full year ended December 31, 2011.
Revenue excluding traffic acquisition costs ("revenue ex-TAC") was $1,169 million for the fourth quarter of 2011, a 3 percent decrease from the fourth quarter of 2010. Income from operations increased 10...