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<TITLE>Meredith Corporation</TITLE>
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<B><FONT SIZE=3><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549<BR>
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</FONT><FONT SIZE=4><P ALIGN="CENTER">FORM 8-K<BR>
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</FONT><P ALIGN="CENTER">CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</P>
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<P ALIGN="CENTER">Date of Report (Date of earliest event reported):<B>&nbsp;&nbsp;August 13, 2007</P>
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<B><FONT SIZE=5><P ALIGN="CENTER">MEREDITH CORPORATION</B></FONT></TD>
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<FONT SIZE=1><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">1-5128</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=1><P ALIGN="CENTER">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
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<FONT SIZE=1><P ALIGN="CENTER">(Commission file number)</FONT></TD>
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<FONT SIZE=1><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=1><P ALIGN="CENTER">(Address of principal executive offices)</FONT></TD>
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<FONT SIZE=1><P ALIGN="CENTER">(Zip Code)</FONT></TD>
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<B><FONT SIZE=3><P ALIGN="CENTER">(515) 284-3000</B></FONT></TD>
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<FONT SIZE=1><P ALIGN="CENTER">(Registrant's telephone number,<BR>
 including area code)</FONT></TD>
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<P>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:</P>

</FONT><FONT SIZE=2><P>[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<B><P>Item 1.01</B></TD>
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<B><P>Entry into a Material Definitive Agreement</B></TD>
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<P>On August&nbsp;7, 2007, the Compensation Committee of the Board of Directors of Meredith Corporation determined cash bonuses for the following executive officers for the fiscal year ended June&nbsp;30, 2007: &nbsp;Stephen M. Lacy, President and Chief Executive Officer-$1,523,813; John H. Griffin, Jr., President-Publishing Group-$625,000; Paul A. Karpowicz, President-Broadcasting Group-$650,000; John S. Zieser, Vice President-Corporate Development, General Counsel and Secretary-$625,000; and Suku V. Radia, Vice President-Chief Financial Officer-$575,000.</P>

<P>In addition, the Compensation Committee set base salaries for fiscal 2008 for the following executive officers:&nbsp;&nbsp;Stephen M. Lacy-$850,000; John H. Griffin,
Jr.-$655,000; Paul A. Karpowicz-$625,000; John S. Zieser-$545,000; and Suku V. Radia-$520,000.</P>

<P>In addition, for fiscal 2008, the Compensation Committee fixed targets for cash bonuses ranging from 50 percent to 250 percent of base salary for the President and Chief Executive Officer and 30 percent to 175 percent of base salary for the other executives.&nbsp;
The entire bonus of the President and Chief Executive Officer is based on earnings per share and cash flow.&nbsp;
The other executives' bonuses are based 85 percent on earnings per share, cash flow, and other quantifiable financial criteria and 15 percent
on certain qualitative standards.</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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<FONT SIZE=3><P>MEREDITH CORPORATION<BR>
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<BR>
Vice President - Chief Financial Officer<BR>
(Principal Financial and Accounting Officer)</FONT></TD>
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<FONT SIZE=3><P>Date:&nbsp;&nbsp;August 13, 2007</FONT></TD>
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Meredith Corporation
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):
August 13, 2007
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 1.01
Entry into a Material Definitive Agreement
On August 7, 2007, the Compensation Committee of the Board of Directors of Meredith Corporation determined cash bonuses for the following executive officers for the fiscal year ended June 30, 2007:  Stephen M. Lacy, President and Chief Executive Officer-$1,523,813; John H. Griffin, Jr., President-Publishing Group-$625,000; Paul A. Karpowicz, President-Broadcasting Group-$650,000; John S. Zieser, Vice President-Corporate Development, General Counsel and Secretary-$625,000; and Suku V. Radia, Vice President-Chief Financial Officer-$575,000.
In addition, the Compensation Committee set base salaries for fiscal 2008 for the following executive officers:  Stephen M. Lacy-$850,000; John H. Griffin,
Jr.-$655,000; Paul A. Karpowicz-$625,000; John S. Zieser-$545,000; and Suku V. Radia-$520,000.
In addition, for fiscal 2008, the Compensation Committee fixed targets for cash bonuses ranging from 50 percent to 250 percent of base salary for the President and Chief Executive Officer and 30 percent to 175 percent of base salary for the other executives. 
The entire bonus of the President and Chief Executive Officer is based on earnings per share and cash flow. 
The other executives' bonuses are based 85 percent on earnings per share, cash flow, and other quantifiable financial criteria and 15 percent
on certain qualitative standards.
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:  August 13, 2007