Jefferies 2015 TMT Conference May 14, 2015

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 and its operations. Statements in this presentation that are forward-looking include, but are not limited to, the statements regarding advertising revenues and investment spending, along with the Company’s revenue and earnings per share outlook. 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 or vendors; the integration of acquired businesses; changes in consumer reading, purchasing and/or television viewing patterns; increases in paper, postage, printing, syndicated programming or other costs; changes in television network affiliation agreements; technological developments affecting products or methods of distribution; changes in government regulations affecting the Company’s industries; increases 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. 2

Agenda  Meredith Overview  National Media Group  Local Media Group  Total Shareholder Return 3

Meredith at a Glance National Media Revenue: $1B EBITDA: $150M 4 WORKING YOU WSM V -TV WSM V-DT NASHVILL E Local Media Revenue: $550M EBITDA: $200M Figures represent consensus estimates for Fiscal 2015

National Media Group Footprint Largest female audience across every life stage and platform 5 YOUNG WOMEN YOUNG FAMILIES ESTABLISHED FAMILIES WOMEN OF WORTHNEW NESTERS

Our Brands Speak to Her About What Matters Most Seasons and styles change but women’s priorities remain the same 6 HER HOME HER FAMILY HERSELF

7 Our Brands Resonate Across Generations Meredith Reaches 60 Percent of Millennial Women 1979-1995 1965-1978 1946-1964 MILLENNIALS GEN X BABY BOOMERS 60% 67% 73%

Recent Strategic Accomplishments  Rapid growth in digital, mobile, video and social platform  Added Shape and Martha Stewart properties to portfolio  Acquired Selectable Media digital ad technology platform  Established presence in the wedding marketplace  Strong performance from brand licensing and marketing services activities National Media 8

Meredith’s Local Media Group 9 Portland (FOX + MYTV) Las Vegas (FOX) Phoenix (CBS + Independent) Kansas City (CBS + MYTV) Saginaw (CBS) Atlanta (CBS + WPCH) Nashville (NBC) Springfield (ABC + CBS + FOX) St. Louis (CBS) Greenville (FOX) Mobile-Pensacola (FOX) Hartford (CBS)

Recent Strategic Accomplishments  Added strong stations to group; created 2 duopolies  Record revenue and EBITDA performance  Stronger-than-expected political advertising revenue  Increased retransmission revenue and contribution  Expanded digital and mobile businesses Local Media 10

Recent Strategic Accomplishments  Grew dividend for 22st straight year; Yielding 3-4 percent  Authorized $100 million for share repurchases  Invested more than $500 million in acquisitions  Fixed more than half of debt at low rate  Successful execution of Total Shareholder Return Strategy Corporate 11

Agenda  Meredith Overview  National Media Group  Local Media Group  Total Shareholder Return 12

50 75 100 125 150 175 200 2009 2010 2011 2012 2013 2014 13 Our Consumer Connection is Growing Digital is adding to our total audience, and is not cannibalizing print A u d ie n c e ( in m il li on s ) Print Online Mobile 15% of audience 25% of audience 60% of audience Source: MRI and ComScore

Increasing Digital Advertising Revenue 0% 5% 10% 15% 20% 25% 9M-07 9M-09 9M-11 9M-13 9M-15 14 5% 23%

Strong Performance from Non-Advertising Activities 15 brand licensing International Media Licensing Real Estate ServicesFTD Floral Program Digital Syndication Cookware Licensee Walmart Direct to Retail

Expanding Our Competitive Position  Shape  Shape.com  Martha Stewart Living  Marthastewart.com 16 Women’s Lifestyle:  Martha Stewart Weddings  Mywedding.com Wedding media:  Eat This, Not That! New product launches:  Selectable Media Advertising technology:

Agenda  Meredith Overview  National Media Group  Local Media Group  Total Shareholder Return 17

Record Revenue and EBITDA 0 50 100 150 200 250 300 350 400 450 9M-2011 9M-2013 9M-2015 $34 $38 $43 $362 Non-political revenue Political advertising revenue 18 $245 $210 $244 $283 $405 $ in millions

Growing Retransmission Revenue and Contribution 19 MVPD Renewal Date MVPD Satellite FY 2017 Phone FY 2016 Cable FY 2016 - 2018 Network Affiliation / Market Renewal Date CBS Hartford/Springfield FY 2016 St. Louis FY 2017 Atlanta, Phoenix, Kansas City, Flint/Saginaw FY 2018 FOX Springfield FY 2016 Portland, Las Vegas, Greenville, Mobile-Pensacola FY 2018 NBC Nashville FY 2018 ABC Springfield FY 2020

Great Stations Added to Portfolio Increases Number of Duopolies to 5  Powerful station that produces most news in Arizona Phoenix: Market 11 St. Louis: Market 21  CBS affiliate ranks #1 in midday, evening and late news  ABC affiliate/Fox on digital tier strengthens competitive position Springfield, MA  Market leading Fox affiliate in fast-growing region Mobile: Market 59 20

Agenda  Meredith Overview  National Media Group  Local Media Group  Total Shareholder Return 21

Returning Cash to Shareholders 22 $0.38 $0.64 $0.90 $1.53 FY03 FY06 FY09 FY12 FY15 $1.83 Annual Dividend Paid Cumulative Share Repurchases $30 $200 $550 $600 $760 FY02 FY05 FY08 FY11 FY14

23 + local media brands + marketing solutions+ national media brands $ in millions $1,900$200$1,970 $260 Cash Generation Cash Utilization $2,230 $2,230 $650 $450 Dividends $280 $850 Share repurchases Acquisitions Cap-ex Operating cash flows stock options 42% 58% Reinvested in operations Returned to shareholders Balanced Use of Cash: FY 2005 to FY 2014 23

 Grow non-political advertising revenue  Increase retransmission revenue and contribution  Enhance digital and mobile platforms  Complete integration of station acquisitions Local Media National Media  Evolve and strengthen our advertising activities  Aggressively expand our digital-related businesses  Integrate new business additions  Grow revenue from individual consumer Corporate  Continue to consolidate our respective industries  Increase cash returned to shareholders  Execute Total Shareholder Return strategy 24 Our Strategic Priorities

5 Reasons to Invest in Meredith 1 Largest reach to American women across life stages 2 Powerful national and local media brands 3 Growing digital and mobile activities 4 Aggressively adding new revenue streams 5 Track record of returning cash to shareholders 25

Jefferies 2015 TMT Conference May 14, 2015