Meredith to sell Fortune magazine to Thai businessman for $150 million [Reuters]
Salesforce, Inc. (CRM)
Last salesforce, inc. earnings: 2/25 04:06 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.salesforce.com/about-us/investor/overview/default.aspx
Company Research
Source: Reuters
Meredith to sell Fortune magazine to Thai businessman for $150 million | Reuters 2 Min Read (Reuters) - U.S. media company Meredith Corp ( MDP.N ) said on Friday it would sell Fortune magazine for $150 million in cash to Thai businessman Chatchaval Jiaravanon, the second time the influential business magazine has changed hands this year. Best known for the “Fortune 500” list, the magazine was acquired by Meredith as part of its acquisition of Time Inc in January for $1.84 billion. Meredith has been looking to offload some of its print assets since then as it tries to put a lid on costs and repay debt. In September, the company announced the sale of Time magazine to Salesforce.com Inc ( CRM.N ) founder and co-Chief Executive Officer Marc Benioff and his wife Lynne Benioff for $190 million in cash. Meredith said it would use the Fortune sale proceeds to pay down debt, which it expects to reduce by $1 billion during fiscal 2019. Earlier this year, Meredith also said it cut around 200
Show less
Read more
Impact Snapshot
Event Time:
CRM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CRM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CRM alerts
High impacting Salesforce, Inc. news events
Weekly update
A roundup of the hottest topics
CRM
News
- Salesforce.com (CRM) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor, Salesforce rise; Tesla, Cardinal Health fall, Monday, 4/22/2024 [Yahoo! Finance]Yahoo! Finance
- Contrast Security Appoints Marketing Industry Veteran Shay Mowlem to CMO [Yahoo! Finance]Yahoo! Finance
- Alphabet's Cash Boom Is Raising Dividend Hopes on Wall Street [BNN Bloomberg (Canada)]BNN Bloomberg
- Cloud Microservices Market to surpass $7.2 Bn by 2032, Says Global Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
CRM
Earnings
- 2/28/24 - Beat
CRM
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 144
- 4/22/24 - Form 144
- CRM's page on the SEC website