Meredith's Second Quarter Revenues Down 1%

January 2005
Book Publishing Report;1/31/2005, Vol. 30 Issue 4, p3
Trade Publication
The articlereports that Meredith Corp.'s publishing division saw its revenues fall 1% to $204.7 million and operating profits rise 13% to $24.8 million in the second quarter of fiscal 2004, ended December 31, 2004. The company said lower magazine advertising revenue was partly to blame for the decline. In its books division, which is not broken out of the entire publishing segment, the company cited its 75 anniversary Better Homes and Garden's Cookbook as a standout. The company shipped over 380,000 copies in the second quarter and has sold over 650,000 copies to date.


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