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MEREDITH CORPORATION BOARD DECLARES DIVIDEND

 DES MOINES, Iowa, Feb. 1 /PRNewswire/ -- The Meredith Corporation (NYSE: MDP) board of directors today declared a quarterly dividend of 16 cents per share, payable March 15, 1993, to stockholders of record Feb. 26, 1993.
 The board also authorized the repurchase of an additional one million shares of the company's stock. The authorization to repurchase stock will expire on the company's annual meeting date, Nov. 8, 1993.
 Meredith Corporation, headquartered in Des Moines, is a Fortune 500 diversified media company involved in magazine and book publishing, television broadcasting, residential real estate marketing and franchising, and investments in cable television.
 -0- 2/1/93
 /CONTACT: Robin Lenocker of Meredith Corporation, 515-284-3386 or (home) 515-279-3744/
 (MDP)


CO: The Meredith Corporation ST: Iowa IN: PUB SU: DIV

KH -- MN008 -- 1281 02/01/93 10:39 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:133
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