Meredith 2Q Broadcast Declines

  • January 23, 2008
Meredith Corp. reported that its second quarter, which ended Dec. 31, 2007, showed that broadcasting operating profit declined to $28 million from $40 million, and revenues decreased 16% to $88 million. Net political revenues were $22 million less than the prior-year quarter, and $30 million less than the prior-year fiscal first half. Non-political advertising revenues grew 6% in the quarter, and 4% in the first six months of the fiscal year.

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