The Association of Magazine Media

DAREN MAZZUCCA NAMED VP/PUBLISHER OF MARTHA STEWART LIVING MAGAZINE

DAREN MAZZUCCA NAMED VP/PUBLISHER OF MARTHA STEWART LIVING MAGAZINE

Tracy Hadel Promoted to Associate Publisher, Better Homes and Gardens;

Mazzucca and Hadel to Report to SVP/Group Publisher Christine Guilfoyle 

NEW YORK, NY/ DES MOINES, IA (March 31, 2015) – Meredith Corporation (NYSE:MDP; www.meredith.com) today announced that Daren Mazzucca has been promoted to Vice President/Publisher for Martha Stewart Living magazine.  

Mazzucca, 49, joined Meredith five years ago and has held senior sales leadership positions at the company including most recently Publisher, Better Homes and Gardens magazine. Previously in his career, he held leadership positions at Good Housekeeping, Parade, Woman’s Day, Midwest Living and Country Living magazines.

“Daren brings a wealth of magazine publishing experience to Martha Stewart Living as well as a solid track record of success in building and growing advertising performance with leading titles,” says Tom Harty, President, Meredith National Media Group. “We believe his knowledge and experience will enable us to further develop the business performance of Martha Stewart Living magazine.” 

Martha Stewart Living is published 10 times annually with a ratebase of 2 million. Its readership is over 10 million, including 1.75 millennial women, according to Mediamark Research Institute.  Martha Stewart’s digital properties average 8 million monthly unique visitors and 60 million views, according to comScore. Martha Stewart Weddings, a quarterly publication, continues its position as the number one bridal magazine on newsstands.    

Meredith acquired the rights to Martha Stewart Living and www.marthastewart.com  in October 2014 pursuant to a 10-year licensing agreement under which Meredith is responsible for sales and marketing, circulation, production, and other non-editorial functions of Martha Stewart Living and Martha Stewart Weddings magazines.  Martha Stewart Living Omnimedia’s (MSO) editorial team continues to create its highly regarded content.  Additionally, Meredith assumed responsibility for the sales and marketing of www.marthastewart.com and www.marthastewartweddings.com and its related assets, including its vast video library.  

Dan Dienst, CEO of MSO stated, "We are delighted that Meredith has dedicated an individual of Daren's caliber to be Publisher of our flagship title.   Our editorial team will continue to create its award-winning inspirational content and is eagerly looking forward to working with Daren and his team to achieve Martha Stewart Living's full potential in the marketplace."

In addition, Meredith is promoting Tracy Hadel to the role of Associate Publisher, Better Homes and Gardens. She most recently served as the Advertising Sales Director for Every Day with Rachael Ray magazine. Hadel, 44, is a graduate of Syracuse University.

ABOUT MEREDITH CORPORATION

Meredith Corporation (NYSE: MDP; www.meredith.com) has been committed to service journalism for more than 110 years.  Today, Meredith uses multiple distribution platforms - including broadcast television, print, digital, mobile, tablets and video - to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners.

Meredith’s Local Media Group includes 17 owned or operated television stations reaching 11 percent of U.S. households.  Meredith’s portfolio is concentrated in large, fast-growing markets, with seven stations in the nation’s Top 25 - including Atlanta, Phoenix and Portland - and 13 in Top 50 markets. Meredith’s stations produce approximately 650 hours of local news and entertainment content each week, and operate leading local digital destinations.

Meredith’s National Media Group reaches a multi-channel audience of 220 million consumers monthly, including 100 million unduplicated women and 60 percent of American millennial women.  Meredith is the leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes.  The National Media Group features robust brand licensing activities, including more than 3,000 SKUs of branded products at 4,000 Walmart stores across the U.S.  Meredith Xcelerated Marketing is a leader at developing and delivering custom content and customer relationship marketing programs for many of the world’s top brands, including Kraft, Lowe’s and Chrysler.

Meredith’s balanced portfolio consistently generates substantial free cash flow, and the Company is committed to growing Total Shareholder Return through dividend payments, share repurchases and strategic business investments.  Meredith’s current annualized dividend of $1.83 per share yields approximately 3.5 percent.  Meredith has paid a dividend for 68 straight years and increased it for 22 consecutive years.

Contact: Patrick Taylor; VP, Communications; 212/551-6984; Patrick.Taylor@meredith.com

Date: 
Tuesday, March 31, 2015