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<TITLE>Meredith Corporation</TITLE>
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<FONT SIZE=3><P ALIGN="CENTER">UNITED STATES<BR>
<B>SECURITIES AND EXCHANGE COMMISSION<BR>
</B>Washington, D.C. 20549<BR>
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<B><FONT SIZE=4><P ALIGN="CENTER">FORM 8-K<BR>
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<FONT SIZE=3><P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</P>
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<U><FONT SIZE=3><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">Date of Report (date of earliest event reported):&nbsp;&nbsp;May 24, 2005</FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">Commission file number:&nbsp;&nbsp;1-5128</FONT></TD>
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<B><FONT SIZE=4><P ALIGN="CENTER">MEREDITH CORPORATION</B></FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</FONT></TD>
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<B><FONT SIZE=3><P ALIGN="CENTER">IOWA</B></FONT></TD>
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<B><FONT SIZE=3><P ALIGN="CENTER">42-0410230</B></FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">(I.R.S. Employer Identification No.)</FONT></TD>
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<B><FONT SIZE=3><P ALIGN="CENTER">1716 Locust Street, Des Moines, Iowa</B></FONT></TD>
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<B><FONT SIZE=3><P ALIGN="CENTER">50309-3023</B></FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">(Address of principal executive offices)</FONT></TD>
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<FONT SIZE=3><P ALIGN="CENTER">(Zip Code)</FONT></TD>
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<FONT SIZE=3><P ALIGN="RIGHT"><A NAME="OLE_LINK1">Registrant's telephone number, including area code:</FONT></TD>
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<B><FONT SIZE=3><P>(515) 284-3000</B></FONT></TD>
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<B><P>Item 8.01</B></FONT></TD>
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<B><FONT SIZE=3><P>Other Events</B></FONT></TD>
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<p style="margin:0in;margin-bottom:.0001pt">&nbsp;</p>
<p style="margin:0in;margin-bottom:.0001pt">On May 24, 2005, Meredith
Corporation issued a news release announcing that it has reached an agreement in
principle with Gruner + Jahr to acquire <i>Parents, Child, Fitness</i> and <i>Family
Circle</i> magazines for $350 million.&nbsp; Also on May 24, 2005, that news
release and the scripts from the related conference calls (one with analysts and
one with the media) were separately filed as exhibits to Reports on Form 8-K.</p>
<p style="margin:0in;margin-bottom:.0001pt">&nbsp;</p>
<p style="margin:0in;margin-bottom:.0001pt">The news release and both conference
call scripts indicate that Meredith expects the transaction to generate EBITDA
(earnings before interest, taxes, depreciation and amortization) in the
low-to-mid $30 million range.</p>
<p style="margin:0in;margin-bottom:.0001pt">&nbsp;</p>
<p style="margin:0in;margin-bottom:.0001pt">EBITDA is a non-GAAP measure.&nbsp;
It should not be construed as an alternative measure for income from operations
as defined by GAAP or as a measure of liquidity.&nbsp; Meredith has provided an
estimate of EBITDA at this time because estimates of income from operations have
not been finalized pending the valuation of intangible and other assets to be
acquired.&nbsp; Additionally, Meredith can not provide a reconciliation of
EBITDA to income from operations until the intangible and other assets are
valued and depreciation and amortization can be determined.</p>
<p style="margin:0in;margin-bottom:.0001pt">&nbsp;</p>
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<B><FONT SIZE=3><P ALIGN="CENTER">SIGNATURE</B></FONT></TD>
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<FONT SIZE=3><P>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.</FONT></TD>
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<TD WIDTH="45%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
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<FONT SIZE=3><P>MEREDITH CORPORATION</FONT></TD>
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<FONT SIZE=3><P>Registrant</FONT></TD>
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<FONT SIZE=3><P>/s/ Suku V. Radia</FONT></TD>
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<U><FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
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<FONT SIZE=3><P>Suku V. Radia</FONT></TD>
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<FONT SIZE=3><P>Vice President - Chief Financial Officer</FONT></TD>
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<FONT SIZE=3><P>(Principal Financial and Accounting Officer)</FONT></TD>
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<FONT SIZE=3><P>Date:</FONT></TD>
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<FONT SIZE=3><P>May 24, 2005</FONT></TD>
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{"company-data": {"conformed-name": "MEREDITH CORP", "cik": "0000065011", "assigned-sic": "2721", "irs-number": "420410230", "state-of-incorporation": "IA", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05128", "film-number": "05854923"}, "business-address": {"street1": "1716 LOCUST ST", "city": "DES MOINES", "state": "IA", "zip": "50309", "phone": "5152843000"}, "former-company": {"former-conformed-name": "MEREDITH PUBLISHING CO", "date-changed": "19710317"}}
Meredith Corporation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported):  May 24, 2005
Commission file number:  1-5128
MEREDITH CORPORATION
(Exact name of registrant as specified in its charter)
IOWA
42-0410230
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
1716 Locust Street, Des Moines, Iowa
50309-3023
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(515) 284-3000
Item 8.01
Other Events
On May 24, 2005, Meredith
Corporation issued a news release announcing that it has reached an agreement in
principle with Gruner + Jahr to acquire
Parents, Child, Fitness
and
Family
Circle
magazines for $350 million.  Also on May 24, 2005, that news
release and the scripts from the related conference calls (one with analysts and
one with the media) were separately filed as exhibits to Reports on Form 8-K.
The news release and both conference
call scripts indicate that Meredith expects the transaction to generate EBITDA
(earnings before interest, taxes, depreciation and amortization) in the
low-to-mid $30 million range.
EBITDA is a non-GAAP measure. 
It should not be construed as an alternative measure for income from operations
as defined by GAAP or as a measure of liquidity.  Meredith has provided an
estimate of EBITDA at this time because estimates of income from operations have
not been finalized pending the valuation of intangible and other assets to be
acquired.  Additionally, Meredith can not provide a reconciliation of
EBITDA to income from operations until the intangible and other assets are
valued and depreciation and amortization can be determined.
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/ Suku V. Radia
Suku V. Radia
Vice President - Chief Financial Officer
(Principal Financial and Accounting Officer)
Date:
May 24, 2005