| Our Roots
It all started on the wedding
day of Meredith's founder, Edwin Thomas Meredith. His grandfather's nuptial gift was a
fistful of $20 gold pieces that bought the controlling interest in his grandfather's
newspaper, Farmer's Tribune. A note that said, "Sink or swim" was
attached to the debt-laden balance sheet.
It's clear today that E.T. chose to
swim. He turned around the fortune of the paper and sold it for a profit. With the
proceeds, he decided to publish a journal that met his vision of what a helpful farm
publication should be: a service magazine. In October 1902, the first issue of Successful
Farming magazine was sold to 500 subscribers. By 1914, circulation was over the
half-million mark.
In 1912, the 200-employee company
moved into the core of the corporate headquarters building at 1716 Locust Street in Des
Moines. Since then, seven additions have been made to the building, including a $40
million campus addition completed in 1998.
E.T. Meredith carved a niche for
himself in both the publishing and civic arenas. He helped establish the 4-H Club and
served on Woodrow Wilson's cabinet as Secretary of Agriculture. Early in 1928, he was
considered as a Democratic nominee for president. Sadly, the publisher's health began to
fail, and he died that year at age 51. His legacy continued, for E.T. Meredith's company
became the well-respected corporation it is today.
Meredith Timeline
1902
Company founded with Successful
Farmingmagazine.
1922
Meredith began publishing Fruit,
Garden and Home magazine, a home and family service publication.
1924
Changed name of Fruit,
Garden and Home to Better Homes and Gardens magazine. (A three-person staff
produced the first Better Homes and Gardens magazine. The first issue cost a dime
on the newsstand, and a one-year subscription cost 35 cents.)
1930
Published first edition of the Better
Homes and Gardens Cook Book. (Better Homes and Gardens magazine subscribers
received complimentary copies.)
1937
Began publishing Better
Homes and Gardens Special Interest Publications (SIP) with the introduction of
Building Ideas.
1946
Meredith first offered stock to
the public.
1948
Began our television
broadcasting business with the purchase of WHEN-TV in Syracuse, N.Y.
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1952
Purchased KPHO-TV, Phoenix.
1953
Bought KCTV-TV, Kansas City.
1957
Started a commercial printing
business.
1965
First listed on the New York
Stock Exchange as MDP.
1969
Formed Meredith/Burda printing
partnership with the Burda family from West Germany. Eventually, Meredith/Burda operated
printing plants in Iowa, Virginia, North Carolina and Arizona.
Purchased WNEM-TV, Saginaw, Mich.
1978
Launched the Better Homes
and Gardens Real Estate Service, with first member firms in Iowa and Tennessee.
Through a joint venture, began
publication of the Australian edition of Better Homes and Gardens magazine.
1983
Purchased WOFL-TV, Orlando, and
KSEE-TV, Fresno.
1984
Country Home magazine
became a subscription magazine (formerly an SIP). Launched WOOD magazine.
1985
Acquired KVVU-TV, Las Vegas,
Nev.
1986
Purchased Ladies' Home Journal
magazine.
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1987
Introduced Midwest Living magazine.
1988
WOOD magazine spun off Weekend
Woodworking Projects magazine.
Acquired Craftways Corporation,
publisher of Cross Stitch & Country Crafts magazine.
1989
Launched Country America
magazine.
Traditional Home magazine
evolved from an SIP to a bimonthly magazine.
Acquired Golf for Women
magazine.
1990
Sold our 50 percent interest in the
printing business to R.R. Donnelley & Sons Company of Chicago.
1991
Acquired American Park Network.
WOOD magazine spun off Decorative
Woodcrafts magazine.
Sold our fulfillment business to
Neodata Services, of Boulder, Colo.
Formed Meredith Cable, Inc.
1992
Launched Country Home Country
Gardens magazine.
1993
Introduced Better Homes and
Gardens American Patchwork & Quilting magazine.
Sold two TV stations, KSEE-TV and
WTVH-TV (formerly WHEN), to Granite Broadcasting Corp.
Floodwaters closed downtown Des
Moines offices for two weeks in July.
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1994
Launched Crayola Kids and Floral
& Nature Crafts magazines.
Opened Better Homes and Gardens
Garden Centers in Wal-Mart stores.
KPHO-TV and WNEM-TV became CBS
affiliates.
1995
Acquired WSMV-TV, an NBC affiliate
in Nashville.
Listed cable as a discontinued
operation.
Agreed to sell book clubs to
Book-of-the-Month Club, a division of Time Inc.
1996
Purchased WOGX-TV, a Fox affiliate
in Ocala, Florida.
Ground broken on headquarters
expansion (1615 Locust)
Minneapolis/St. Paul Cable area
system is sold, completing exit from the cable business.
Ladies' Home Journal Most
Fascinating Women airs on CBS.
1997
Aquired KPDX-TV, Portland, Ore;
KFXO-TV, Bend, Ore; WHNS-TV, Greenville, S.C.; and WCPX-TV, Orlando.
WCPX-TV swapped for WFSB-TV in
Hartford/New Haven, Connecticut.
Better Homes and Gardens
Television debuts to more than 90 percent of U.S. television households.
Launched Family Money
Magazine.
1998
William T. Kerr assumes position of
company chairman, while retaining his duties as Chief Executive Officer.
Completed 1615 Locust Building, a
multi-million-dollar addition to the Des Moines headquarters bulding that includes Better
Homes and Gardens Test Gardens.
Launched more magazine.
Sold Better Homes and Gardens
Real Estate Service to GMAC Home Services, Inc.
1999
Acquired WGNX-TV (CBS Atlanta) from
the Tribune Company.
Launched Shop Online 1-2-3,
an Internet shopping guide and Web site.
Launched Better Homes and
Gardens Vacations in cooperation with the Global Vacations Group.
Entered into multi-level content
alliance with America Online.
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