DES MOINES, Iowa, Nov. 5 /PRNewswire-FirstCall/ -- The Meredith Corporation
(NYSE: MDP) Board of Directors yesterday declared a regular quarterly dividend
of 22-1/2 cents per share, payable on December 15, 2009 to shareholders of
record on November 30, 2009. Meredith has paid a dividend for 62 consecutive
years and has increased its dividend for 16 consecutive years.
Meredith shareholders, at the company's annual meeting yesterday, re-elected
three directors to terms expiring in 2012. They are: James R. Craigie,
Chairman and Chief Executive Officer of Church & Dwight Inc.; Frederick B.
Henry, President of the Bohen Foundation; and William T. Kerr, Chairman of
Meredith Corporation. Additionally, directors Herbert M. Baum and David J.
Londoner retired from the Board effective yesterday after reaching the
mandatory retirement age as set forth in Meredith's corporate governance
guidelines.
ABOUT MEREDITH CORPORATION
Meredith Corporation (www.meredith.com) is the leading media and marketing
company serving American women. Meredith combines well-known national brands
- including Better Homes and Gardens, Parents, Ladies' Home Journal, Family
Circle, American Baby, Fitness and More - with local television brands in fast
growing markets. Meredith is the industry leader in creating content in key
consumer interest areas such as home, family, health and wellness and
self-development. Meredith then uses multiple distribution platforms -
including print, television, online, mobile and video - to give consumers
content they desire and to deliver the messages of its marketing partners.
Additionally, Meredith uses its many assets to create powerful custom
marketing solutions for many of the nation's top brands and companies. In the
last two years, Meredith has significantly added to its capabilities in this
area through the acquisition of cutting-edge companies in areas such as
online, word-of-mouth and database marketing.
SOURCE Meredith Corporation
Shareholder/Financial Analysts, Mike Lovell, Director of Investor Relations,
+1-515-284-3622, Mike.Lovell@Meredith.com, or Media, Art Slusark, VP/Corporate
Communications, +1-515-284-3404, Art.Slusark@Meredith.com, both of Meredith
Corporation
