Monday, July 29, 2013

Meredith’s Quiet Collection of Agencies

In recent years, Meredith Corporation, which publishes the magazines Family Circle, Better Homes and Gardens, and Fitness, among others, has been aggressively snatching up agencies to create content for advertisers. In the past several months, however, with a shift in executives and strategy, these agencies, each with its own area of focus, have been brought under one roof called Meredith Xcelerated Marketing, or MXM. Meredith is no longer just a magazine company; it’s a marketing company, too. “We retired all the brand names,” said Doug Rozen, MXM’s chief innovation officer. “Over the last year, we created new a leadership team to drive this forward, setting it up to be integrated as a single structure versus eight different independent [agencies].” MXM’s emphasis on high-quality content and the effective distribution of that content through social, digital and mobile. It works with Fortune 500 brands, like Chrysler, NBC and Kraft Foods, to create custom publications or websites, manage social feeds, or develop video for brands to post online or in a store. MXM then distributes content wherever a brand feels it’s best suited: print, Web, email, mobile, offline or social media.