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Originally Posted by This Week's Weekly Advertiser Intelligence Update
Meredith Sees Cause For Celebration: 15% Revenue Jump
Riding Sun Belt Population Growth and particularly strong political spending, Meredith Corp. posted robust revenue growth for its 14 local stations in the most recent quarter.
Revenues jumped 14.3% to $82.1 million, a higher growth rate than many competitive station groups posted in the July-September quarter.
The growth in the broadcasting business fueled an overall 5.3% ad revenue gain at the company, whose larger publishing operations include Better Homes and Gardens and Family Circle. Publishing revenues were $313.7 million, with ad dollars up 1.3%
Media Daily News
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Great job to the AE’s and managers from Meredith Corporation who visit the Ad Chatter forums! Your hard work made this possible!