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Benchmark reiterated its Hold rating on Meredith Corporation (NYSE: MDP). At the same time, Benchmark lowered its price target on the company's stock from $37 to $35. In a research report published today, Benchmark raised its earnings per share estimates for 2011 but lowered its estimates for the...

The Benchmark Company has lowered the price target on Meredith Corporation (NYSE: MDP) from $37 to $35 and maintains its Hold rating.

Gannett Co., Inc. (NYSE: GCI) shareholders are happy today, but that does not mean its workers are happy. Shares are up more than 3% today, as the company has announced it will be laying off another 700 workers, as advertising sales continue to slump. Gannett owns USA Today and more than 80 other...

The McClatchy Company (NYSE: MNI) today announced that its previously disclosed offer to repurchase $65 million of the company's 2017 senior secured notes will expire at 11:59 p.m. Eastern time on June 24, 2011. The company also provided an update of business trends for the second quarter of 2011...

Media General, Inc. (NYSE: MEG), a multimedia provider of broadcast television, digital media and print products, has announced that its Providence, R.I., NBC affiliate WJAR-TV has won a national Edward R. Murrow Award for outstanding achievement in electronic journalism. The annual awards of the...

Thomson Reuters (NYSE: TRI) has acquired CorpSmart from Deloitte. CorpSmart provides multinational corporations in South Africa with intelligent corporate tax compliance software.

Shares of The McGraw-Hill Companies (NYSE: MHP) are higher on the session by 1.51%, trading at $40.21. Overall call volume is now running at 1,595x the daily average, with 0% of all calls traded being purchases on the offer. 1,595 contracts have traded on the session so far. The McGraw-Hill...

Shares of The McGraw-Hill Companies, Inc. (NYSE: MHP) are lower on the session by 2.43%, trading at $40.08. Overall put volume is now running at 3.52x the daily average, with 56% of all puts traded being purchases on the offer. 1,424 contracts have traded on the session so far. The McGraw-Hill...

Gabelli is out with its report today on Meredith (NYSE: MDP), maintaining Hold. In a note to clients, Gabelli writes, "MDP is well-run and its businesses generate free cash. The roughly $7 per share decline in the stock price over the last six months leaves MDP trading at about 6.1x current year...

Meredith Corporation (NYSE: MDP) said today that it will record a special charge of approximately $10 million (approximately $6 million after-tax or $0.13 per share) in its fiscal 2011 fourth quarter. The charge includes closing the ReadyMade brand due to ongoing weakness in the home category/...

Morningstar, Inc. (NASDAQ: MORN) today reported estimated U.S. mutual fund and exchange-traded fund asset flows through May 2011. Estimated long-term mutual fund flows reached $22.6 billion in May, but this was still the fourth consecutive monthly decline since inflows of $29.8 billion in January....

J.P. Morgan is reiterating its Overweight rating on McGraw-Hill (NYSE: MHP) shares. “On Tuesday, the company announced 1) it has hired an adviser to pursue the divestiture of its Broadcasting Group, 2) a broader review of its portfolio, and 3) a companywide evaluation of G&A costs,” J.P....

The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...

The McGraw-Hill Companies (NYSE: MHP) and NJR Clean Energy Ventures, a subsidiary of New Jersey Resources (NYSE: NJR), today announced plans to build on McGraw-Hill's East Windsor, N.J., campus the largest privately-owned, net-metered solar project in the Western Hemisphere. The 14.1 megawatt solar...

Citi Investment Research has a Buy rating and a $11.50 price target on shares of New York Times (NYSE: NYT). In a note to clients, Citi writes, "The success of NYTimes.com meter will primarily depend on how lost ad revenue from fewer page views compares to incremental revenue from the meter....