Meredith Corp. Reports Q2 Earnings Of $18 Million
Meredith Corp. (MDP) today reported earnings of $18 million on revenues of $337 million.
The Better Homes & Gardens publisher says that this quarter, the company saw advertising improvement in its National and Local media groups as it reduced its operating expenses by 8 percent.
Ad revenues at the company’s national magazines were $117 million, a 2 percent decline compared to the previous year, but the fourth straight quarter of improvement.
More: Meredith Q1 2010: As Revenue, Advertising Slides, Profit Remains Steady
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in