Meredith Finance

Meredith Finance, operating under Meredith Operations Corporation, is the financial arm of Dotdash Meredith, a prominent media company resulting from the merger of Dotdash and Meredith Corporation. Its primary function is to manage the financial operations of the parent company and its diverse portfolio of brands. This encompasses a broad range of activities, including accounting, financial planning and analysis (FP&A), treasury, tax, and internal audit.

The FP&A department within Meredith Finance plays a crucial role in forecasting future financial performance, budgeting, and analyzing variances between actual results and planned targets. This analysis helps management make informed decisions regarding resource allocation, investment opportunities, and strategic initiatives. By providing insightful financial analysis, the FP&A team supports the company’s overall growth objectives.

Treasury functions within Meredith Finance are responsible for managing the company’s cash flow, investments, and debt. This includes optimizing working capital, managing banking relationships, and ensuring adequate liquidity to meet the company’s operational needs. Effective treasury management is essential for maintaining financial stability and maximizing returns on the company’s assets.

Tax compliance is another key area of responsibility for Meredith Finance. The tax team ensures that the company complies with all applicable federal, state, and local tax laws. This involves preparing and filing tax returns, managing tax audits, and developing tax strategies to minimize the company’s tax burden. Given the complexity of tax regulations, a strong tax team is critical for mitigating financial risks and optimizing tax efficiency.

Internal audit provides independent and objective assurance and consulting services designed to add value and improve the organization’s operations. It helps the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. This function is vital for maintaining the integrity of financial reporting and safeguarding the company’s assets.

In the context of Dotdash Meredith, Meredith Finance supports a wide range of media brands spanning various categories, including lifestyle, home, food, finance, and entertainment. These brands generate revenue through advertising, subscriptions, e-commerce, and licensing. Meredith Finance ensures that the financial operations of these diverse businesses are managed effectively and efficiently.

The success of Meredith Finance hinges on its ability to provide accurate and timely financial information, strong internal controls, and strategic financial guidance to support the growth and profitability of Dotdash Meredith. As the media landscape continues to evolve, Meredith Finance must adapt to new challenges and opportunities to remain a vital contributor to the company’s success.