Meredith reports first-quarter growth
Des Moines-based Meredith Corp. reported a 40 percent increase in earnings and a 4 percent increase in revenues.
Meredith reported earnings per share of 56 cents per share and revenues of $344 million.
The company had a 7 percent increase in advertising, a 27 percent increase in television spot advertising and a 20 percent increase in online revenues.
“We’re off to a great start in 2011,” said Meredith Chairman and CEO Stephen Lacy in a company press release.
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