Family members and friends have begun identifying many of the 16 American service members who died on Monday when their plane crashed in rural Mississippi.
NYS Entity Status
NYS Filing Date
SEPTEMBER 12, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - MAGNOLIA DISTRIBUTING CORP.
AROUND THE WEB
- Marine Corps Plane Crash: The Victims
By THE NEW YORK TIMES - Thursday Jul 13, 2017
- Could the Rockaways Survive Another Sandy?
By LUIS FERRÉ-SADURNÍ - Thursday Jul 13, 2017
Residents are bracing for the worst, wondering whether measures taken so far are enough to keep devastation of the Queens community at bay.
- Pairing Outside Lands dishes with beer, by Magnolia's Dave McLean
Friday Aug 11, 2017
Magnolia's Dave McLean is not just an experienced brewer, he's also grown to be adept at beer and food pairings.
- Sears shares surge after deal to link appliances with Amazon
By Reuters - Thursday Jul 20, 2017
Sears Holdings Corp’s shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand’s smart gadgets with the online giant’s Alexa digital assistant. The deal will expand the distribution reach of Kenmore products, potentially giving a fillip to the company’s sales, which have been...
- Magnolia Picks Up Icelandic-Language Movie ‘Under the Tree’
By Matt Pressberg, provided by
- Saturday Sep 9, 2017
Magnolia has acquired North American rights to Icelandic director Hafsteinn Gunnar Sigurdsson’s “Under the Tree.”The comedy follows two neighboring families as tensions mount between them in a tranquil suburb. A giant tree, which casts a looming shadow on one of the neighbors’ properties, is at the center of it. “Under the Tree” stars Steinthor Hroar Steinthorsson, Edda Bjorgvinsdottir, Sigurdur Sigurjonsson, Thorsteinn Bachmann, Selma Bjornsdottir and Lara Johanna Jonsdottir.The Icelandic-language film premiered at the Venice Film Festival and is screening at the Toronto International Film Festival as part of the Contemporary World Cinema section. Magnolia is planning an early 2018 release.
- Meredith Digital Ad Rev Gains Offset Print Declines
Monday Jul 31, 2017
Meredith Corporation’s totaladvertising revenue grew 2% to $934 million across the company in the fiscal 2017 year, according to its latest earnings report.
Unlike most companies, Meredith’s fiscal yearruns from July 1 to June 30, meaning its fiscal 2017 fourth quarter and full year ended June 30. Its fiscal 2018 year started July 1.
Total company revenues grew 4% to$1.7 billion for fiscal 2017.
"We delivered record revenue and profit in fiscal 2017, as we continue to aggressively execute our multiplatform growth strategies, including rapidexpansion of our highly profitable digital activities," stated Meredith chairman and CEO Stephen M. Lacy.
Meredith’s Corp.’s total digital advertising revenueacross the company grew 20%.
Meredith Corp. is broken out into two major divisions: the Local Media Group, with includes 17 television stations, and the National Media Group, whichcontains the magazines and reaches more than 110 million American women every month, including over 70% of U.S. millennial women.
National Media Group’s digital advertisingincreased more than 20% and represented over 30% of its total advertising in its fiscal 2017 year, offsetting declines in print advertising, according to Meredith president and COO Tom Harty.
This growth was “led by highly profitable native, engagement-based video and programmatic advertising, along with shopper marketing,” according to the company. Total advertising revenues for the National Media Group were not as impressive as Meredith's overall ad revenue. It made $520 million in fiscal 2017, down 1%, but up slightly when excludingMore and Siempre Mujer magazines, which Meredith shuttered by fiscal 2017. That means it did not have its ad and circulation revenues. (Siempre Mujer still livesonline.)
In 2017, Meredith launchedThe Magnolia Journal, a quarterly lifestyle magazine produced in collaboration with Joanna and Chip Gaines, the stars of the HGTV show “Fixer Upper.” It is thepublisher’s strongest-selling newsstand title and is currently selling more than 900,000 copies of each issue.
"We expanded our audience across media platforms and launched newproducts to strengthen our competitive position with Millennial consumers and advertisers wanting to reach them," stated Harty.
Harty added Meredith generated a record $63 million ofpolitical advertising revenues in fiscal 2017, likely helped by the presidential election in the fall of last year.
Traffic across Meredith's digital properties averaged 86 millionmonthly unique visitors, an increase of 8% compared to the previous year.Circulation revenues were $322 million, down 2%, but flat when excluding More and ,