Meredith Corp., the owner of local broadcast TV stations, has set Friday (8/10) as the day it will distribute its Q2 2018 results. An 8:30am Eastern conference call will offer insight and analysis into the results. Ahead of the release of those results, Meredith shares slipped ever-so slightly.
At the Closing Bell on Tuesday, MDP was off 1.1% to $53.20.
That’s not so bad, and not stellar, either. Meredith’s recent low is $47.85, seen June 5. In contrast, MDP was trading above $66 a share until the end of January, when shares plummeted. Not getting KPLR-11 in St. Louis from Sinclair made matters even more difficult for a company that is best-known for its ownership of Time Inc., which still has a shaky future, according to some financial analysts.
How did other media companies fare in today’s trading. Simply look at the Wall Street Report at RBR.com for the answer!