Meredith Corporation Board Of Directors Declares Quarterly Dividend

DES MOINES, Iowa, Nov. 8, 2017

Meredith has a strong history of returning cash to shareholders, paying a dividend for 70 consecutive years and increasing its dividend for 24 years straight, including a 5.1 percent increase earlier this calendar year.  As an acknowledgment of its consistent track record of annual dividend increases, Meredith was added to the S&P High Yield Dividend Aristocrat Index earlier this year.

Meredith has delivered an average annual return of 19 percent since the launch of its Total Shareholder Return (TSR) strategy more than five years ago.  Key elements of Meredith's TSR strategy include:

• An annual dividend yielding 4.0 percent based on today's closing price of $52.00.
• An ongoing share repurchase program with $62 million remaining under current authorizations.
• Strategic investments to scale the business and increase shareholder value.

ABOUT MEREDITH CORPORATION

Meredith Corporation has been committed to service journalism for 115 years.  Today, Meredith uses multiple distribution platforms — including broadcast television, print, digital, mobile and video — to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners.

Meredith's Local Media Group includes 17 television stations reaching 11 percent of U.S. households.  Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 — including Atlanta, Phoenix, St. Louis and Portland — and 13 in Top 50 markets.  Meredith's stations produce 700 hours of local news and entertainment content each week, and operate leading local digital destinations.