Meredith Reports 40% Earnings Growth

better homes and gardens march 2008.jpgMeredith Corporation (MDP) today reported earnings of $25 million for its first quarter of 2011, a 40 percent increase from the first quarter of 2010. Ad revenues were up 6 percent to $205 million and production and editorial costs fell 5 percent to $143 million. The same trend was true over the company’s broader numbers: overall revenue was up while overall expenses were down.

The company is predicting its earnings in the next quarter will rise by another 50 percent.

Meredith is the publisher of Better Homes and Gardens, Parents, Family Circle, and so forth as well as operating 12 television stations across the country.