Earnings: Meredith Q4 Profits Sank 64.5 Percent; Revs Slid 7.6 Percent

This story was written by David Kaplan.
Women's magazine publisher Meredith Corp (NYSE: MDP). had a predictably rough quarter as profits tanked 64.5 percent year-over-year to $12.5 million as revenues fell 7.6 percent to $366 million. The Des Moines, Iowa, publisher reiterated that Q4 earnings were impacted by a $16 million charge it took on the 250 job cuts it announced earlier this month. More to come

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By David Kaplan
  • CBSNews

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