Meredith Corp. Posts Rising 3Q Profit
Meredith Corp. (MDP), publisher of consumer magazines Better Homes and Gardens, Family Circle, Ladies’ Home Journal and More, among others, today announced that fiscal third-quarter profit rose 31% year over year to $33.3 million, or 73 cents a share. Those earnings included several one-time benefits worth 4 cents a share.
Operating profit for the company’s National Media Group rose 6% year over year to $48 million, aided by a 2% increase in revenue to $285 million.
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