News Releases

DES MOINES, Iowa, Aug. 24 /PRNewswire-FirstCall/ -- Meredith Corporation (NYSE: MDP) today filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2007, with the U.S. Securities and Exchange Commission (SEC). The full report can be found on the Company's corporate Web site at http://www.meredith.com/. The report was filed in accordance with SEC regulations.

Upon request, Meredith Corporation will provide to all shareholders free of charge printed copies of the Annual Report on Form 10-K.

ABOUT MEREDITH CORPORATION

Meredith (http://www.meredith.com/) is one of the nation's leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, integrated marketing, and interactive media. The Meredith Publishing Group features 25 subscription magazines -- including Better Homes and Gardens, Ladies' Home Journal, Family Circle, Parents, American Baby, Fitness, and More -- and publishes over 200 special interest publications under approximately 80 titles. Meredith owns 13 television stations, including properties in top-25 markets Atlanta, Phoenix, and Portland.

Meredith has more than 400 books in print and has established marketing relationships with some of America's leading companies including The Home Depot, DIRECTV, DaimlerChrysler, Wal-Mart, and Carnival Cruise Lines. Meredith's consumer database, which contains approximately 85 million names, is one of the largest domestic databases among media companies and enables magazine and television advertisers to target marketing campaigns precisely. Additionally, Meredith has an extensive Internet presence that includes more than 30 Web sites and strategic alliances with leading Internet destinations. Meredith Hispanic Ventures publishes five Spanish-language titles, making Meredith the leading publisher serving Hispanic women in the United States.

SOURCE: Meredith Corporation

CONTACT: Shareholder and Financial Analyst, Mike Lovell, Director of
Investor Relations, +1-515-284-3622, mike.lovell@meredith.com, or Media, Art
Slusark, Vice President-Corporate Communications, +1-515-284-3404,
art.slusark@meredith.com, both of Meredith Corporation

Web site: http://www.meredith.com/