Magazine publisher and broadcast owner Meredith Corp. posted flat Q1 revenues of $401 million while earnings from continuing operations were up a slight 1.5 percent to $73.2 million from $72.1 million the year before. Interactive revenues were not broken out for its publishing unit, unlike past quarters. Either way, publishing operating profit was $65 million and revenues were $323 million, both flat compared to Q107. The company did claim that under the broadcast division, online revs grew nearly 50 percent during the period. Meredith (NYSE: MDP) also said that average unique visitors rose "four-fold" to 8 million per month.
By David Kaplan