Meredith Corporation just announced a mega licensing deal with Martha Stewart Living Omnimedia, so there’s plenty for Meredith’s CEO — Stephen Lacy — to talk about. In an interview with WWD, Lacy discusses that partnership and more. Below are some highlights.
On how the MSLO deal happened:
I just have a long-standing philosophy that, when a leader comes into one of our peer businesses, I just reach out. When Dan Dietz, the new CEO, came on board at Martha, he and I had a get-acquainted meeting, just over a year ago. It was just a matter of, is there anything we can do to capitalize on our collective strength that would be good for both sets of our shareholders?
On the economic future of Meredith: