Meredith Corp. Reports Q2 Earnings Of $18 Million

better homes and gardens march 2008.jpgMeredith 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.

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