8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 16, 2010

MEREDITH CORPORATION

(Exact name of registrant as specified in its charter)

IOWA		1-5128	42-0410230
(State or other jurisdiction of incorporation or organization)		(Commission file number)	(I.R.S. Employer Identification No.)
1716 Locust Street, Des Moines, Iowa			50309-3023
(Address of principal executive offices)			(Zip Code)
		(515) 284-3000
	(Registrant's telephone number,  including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

Meredith Corporation will present at the 7th Annual Citi Small/Mid Cap Conference and the Deutsche Bank 2010 Media and Telecommunications Conference on November 16 and 17, 2010, respectively.  Chief Executive Officer Stephen M. Lacy and Chief Financial Officer Joseph H. Ceryanec will discuss Company developments and respond to questions.  The slide presentation is attached as an exhibit.  An audio archive of the presentations will be accessible to the public on the Company's website, meredith.com.  The audio archive will remain there through December 17, 2010.

Item 9.01 Financial Statements and Exhibits

(c)	Exhibits
	99	Slide presentation at the 7th Annual Citi Small/Mid Cap Conference and the Deutsche Bank 2010 Media and Telecommunications Conference on November 16 and 17, 2010, respectively.

	SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
	MEREDITH CORPORATION Registrant
	/s/ Joseph H. Ceryanec
	Joseph H. Ceryanec Vice President - Chief Financial Officer (Principal Financial and Accounting Officer)
Date:  November 16, 2010

Index to Exhibits
Exhibit Number	Item
99	Slide presentation at the 7th Annual Citi Small/Mid Cap Conference and the Deutsche Bank 2010 Media and Telecommunications Conference on November 16 and 17, 2010, respectively.

EX-99

1

Citi 7th Annual Small/Mid Cap &
Deutsche Bank Media

November 16 & 17, 2010

2

Safe Harbor

This presentation and management’s public commentary contain certain forward-looking statements
that are subject to risks and uncertainties. These statements are based on management’s current
knowledge and estimates of factors affecting the Company’s operations. Statements in this presentation
that are forward-looking include, but are not limited to, the statements regarding broadcast and
publishing advertising revenues, as well as any guidance related to the Company’s financial
performance.

Actual results may differ materially from those currently anticipated. Factors that could adversely affect
future results include, but are not limited to, downturns in national and/or local economies; a softening of
the domestic advertising market; world, national, or local events that could disrupt broadcast television;
increased consolidation among major advertisers or other events depressing the level of advertising
spending; the unexpected loss or insolvency of one or more major clients; the integration of acquired
businesses; changes in consumer reading, purchasing and/or television viewing patterns; increases in
paper, postage, printing, or syndicated programming costs; changes in television network affiliation
agreements; technological developments affecting products or the methods of distribution; changes in
government regulations affectingthe Company’s industries; unexpected changes in interest rates; and
the consequences of any acquisitions and/or dispositions.The Company undertakes no obligation to
update any forward-looking statement, whether as a result of new information, future events, or
otherwise.

3

Broad Media and Marketing Footprint

National
Media Brands

Meredith
Integrated
Marketing

LocalMedia
Brands

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

4

Vision 2013 Growth Strategies

Strengthening Advertising Revenue Performance

Change from prior year period

Source: Meredith, calendar year quarters

* = Estimate

5

Q4

Q1

Q2

Q3

Q4

Up low
double
digits

Q3

Q2

Q1

*

Calendar 2009

Calendar 2010

6

Delivering Record Political Ad Revenue

Net Political Revenue for Season (July-December)

$14.1

$20.3

$18.4

$32.6

$22.9

$33.2

Calendar years

Delivering National Market Share Gains Over Time

Meredith Share of Magazine Industry Advertising Revenues

9.3%

9.5%

12.3%

Source=Publishers Information Bureau

Fiscal years ended June 30

8

Summary: Current Ad Environment Improving

Magazines:

•Modest advertising gains

•Achieving higher rates per advertising page

•Online advertising up strongly

Television:

•Delivering strong top-line growth

•Political advertising season set record

•Automotive rebounding strongly, but other categories also up

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

9

Vision 2013 Growth Strategies

10

Building the National Media Business of the Future

Brand Strength

Revenue Growth

Cost and Expense
Containment

Next Generation
Operating Model

• Magazine readership up

• Digital audience growing

• Delivering higher net revenues per page

• Integrated marketing, brand licensing growing

• Q1 FY11 costs down 2 percent year over year

• Q1 FY11 costs down 14 percent over two years

• Optimized Special Interest Media business

• Moving consumer marketing activities online

11

Building the Local Media Business of the Future

Brand Strength

Revenue Growth

Cost and Expense
Containment

Next Generation
Operating Model

• Delivering strong TV news ratings

•Better daily show in 80 markets (4 of Top 5)

• Q1 FY11 spot ad revenue up 27 percent

• Increasing online and mobile activities

• Automated newsrooms

• Q1 FY11 costs down 1 percent over 2 years

• Centralized master control, traffic & research

• Creating 24-hour continuous news platform

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

12

Vision 2013 Growth Strategies

Meredith Interactive Overview

National Media Group

Local Media Group

Total: 25 websites

Total: 30 websites + apps

14

The Web Has Grown Our Total Audience

20

Average Monthly Unique Visitors to all Meredith websites

27% CAGR

18

11

7

3

Source: Meredith; $ in millions

Fiscal years ended June 30

15

Now We’re Expanding to the Mobile Platform

•Completed Hyperfactory acquisition:

–Mobile content and marketing specialist

–Working on additional B2B and B2C initiatives

•Business to Business:

–Developing mobile apps, web sites and
marketing campaigns for corporate clients

•Business to Consumer:

−Launched mobile versions of our key brands

−TV stations offer multiple apps

−Working with Next Issue Media on eTablets

16

• Deeper and richer brand experience

• Features additional content, videos and slideshows

• Multiple revenue streams:

- Subscriptions, single copy sales and bundles

- Advertising

Full eTablet Editions to Launch in Spring 2011

17

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

18

Vision 2013 Growth Strategies

Better Homes and GardensIIt’s Where Life Happens

Better Homes and Gardens 360º Approach

Better Homes and GardensIIt’s Where Life Happens

Better Homes and Gardens Products at Retail

21

Growing Revenues from Brand Licensing

$ in millions

Fiscal years ended June 30

28% CAGR

22

1
3

Parents & American Baby: The Next Megabrand

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

23

Vision 2013 Growth Strategies

Database

Mobile

Digital

Word of
mouth

Healthcare

Strong Integrated Marketing Capabilities

24

Custom Publishing

100%

Custom Publishing

49%

CRM/
Digital

51%

Strong Revenue Growth and Diversification

25

Fiscal 2005

Fiscal 2010

26

Case Study: Nestlé/Gerber

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

27

Vision 2013 Growth Strategies

28

Track Record of Dividend Increases

12% CAGR

Calendar years

29

200

Stock Option Exercises

$2,000

Utilization of Cash

200

Net Debt

300

Capital Expenditures

600

Acquisitions, Net of Dispositions

$2,000

Available Cash

$1,800

Operating Cash Flow

300

Dividends

$ in millions

$600

Share Repurchases

$900

SUBTOTAL

Use of Cash: Fiscal 2001 through 2010

30

	October 2010E	November 2010E
Total Company ad revenue	Up low double digits	Up low double digits
Total National Media ad revenue	Up low to mid single digits	Up low to mid single digits
Local Media net political ad revenue	$15-18M	$21.6M
Local Media non-political ad revenue	Up low to mid single digits*	Flat to up low single digits
Total Local Media ad revenue	Up low 20%’s	Up low 20%’s

Fiscal 2011 Second Quarter and Full Year Outlook

*Depending on the strength of political advertising and its related impact on total advertising

inventory, non-political pacings may moderate as the quarter progresses

Second quarter earnings per share	$0.75 to $0.80	$0.75 to $0.80
Full year earnings per share	$2.50 to $2.75	$2.50 to $2.75

1.Exploit the economic recovery

2.Optimize our core businesses

3.Expand our digital businesses

4.Enhance and extend key brands

5.Significantly grow Meredith Integrated Marketing

6.Build shareholder value over time

31

Vision 2013 Growth Strategies

32