Meredith Corp. Swings to Fourth-Quarter Profit
Consumer magazine behemoth, marketer and TV broadcaster Meredith Corp. (MDP) today said it rang up a fiscal fourth-quarter profit of $33.4 million, vs. a loss of $163.7 million in the year-ago period.
Revenue climbed 6% year over year to $365 million, bolstered by a 7% rise in ad revenue to $202 million.
For the full year, Meredith rang up a profit of $104 million on revenue of $1.39 billion, compared with a loss of $107.1 million on revenue of $1.41
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