On February 1, 2018, Meredith Corporation (NYSE: MDP; meredith.com) acquired Time Inc. We now reach 200 million consumers who come to us for today's biggest stories and innovative experiences from the most trusted, iconic brands. Meredith has been committed to service journalism for 115 years. Today, Meredith uses multiple distribution platforms — including broadcast television, digital, print, mobile and video — to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners through 30+ media brands. Meredith is a leader in creating content across media platforms and life stages in key consumer interest areas such as celebrity, food, lifestyle, home, parenting, beauty, fashion, news and sports. Meredith also features robust brand licensing activities including more than 3,000 SKUs of branded products at 5,000 Walmart stores across the U.S. and at walmart.com., as well as innovative business-to-business marketing solutions provided by Meredith Xcelerated Marketing. Meredith's Local Media Group includes 17 television stations reaching more than 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 and 13 in Top 50 markets. Meredith's stations produce 700 hours of local news and entertainment content each week, and operate leading local digital destinations.