• Most Popular
  • Most Shared

Meredith quarterly profit falls on lower ad sales

Wed Jul 30, 2008 8:14am EDT

Stocks

   

NEW YORK, July 30 (Reuters) - Meredith Corp (MDP.N) reported lower quarterly profit on Wednesday because of lower advertising revenue at its magazines and costs associated with job cuts and its book publishing business.

Stocks

Fourth-quarter net income fell to $19.2 million, or 41 cents a share, compared with $51.5 million, or $1.05 a share, a year earlier.

Excluding charges, the company reported earnings of 76 cents per share.

Revenue fell 10 percent to $385 million. (Reporting by Robert MacMillan, editing by Gerald E. McCormick)

Stocks


More from Reuters

Photo

Obama says U.S. will pursue plane attackers

KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video

» More Top News
Passengers pass security notices as they approach the departure gates at Gatwick Airport, in southern England December 28, 2009. REUTERS/Luke MacGregor

Travelers met with hassles

The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect.  Full Article | Video 

U.S.
Iranian protesters take a policeman away to a safe place after he was beaten by angry protesters during fierce clashes in central Tehran December 27, 2009. Credit: REUTERS/Stringer

Deaths, arrests in Iran

Is Iran's "iron fist of brutality" a new volatile phase aimed at crushing the refomist movement?  Full Article | Video 

World