Meredith Dismisses Broadcast Group President Kevin O'Brien.Meredith Corporation Meredith Corporation NYSE: MDP is based in Des Moines, Iowa. The company has two divisions, publishing and broadcasting.Edwin Thomas Meredith founded the company in 1902 when he began publishing Successful Farming magazine. announced today that Kevin O'Brien Notable people named Kevin O'Brien include:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Stephen M. Lacy will oversee the broadcasting operations on an interim basis. Mr. O'Brien's employment was terminated by the Meredith Board of Directors for violations of Meredith's Equal Employment Opportunity policies. Meredith declined to further elaborate on the dismissal, other than to say it did not involve financial matters. Meredith Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William T. Kerr said he is confident that the Meredith Broadcasting Group will continue to deliver strong financial results. "We have a very experienced team of broadcasting professionals in place across the group," Kerr said. "In addition, Steve Lacy is an outstanding leader and a quick study. I am extremely confident about his ability to guide us through this interim period." Meredith has commenced an external executive search for a new Broadcasting Group President, targeting the best talent in the industry. Kerr reiterated the guidance given earlier this week that the Company believes the First Call mean estimate of $2.63 for Fiscal 2005 "is achievable." Meredith reported record first-quarter earnings per share of $0.50 on October 27. Meredith Corporation ( http://www.meredith.com/ ) is one of the nation's leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, integrated marketing and interactive media. The Meredith Publishing Group, the country's foremost home and family authority, features 17 magazine brands including Better Homes and Gardens, Ladies' Home Journal and American Baby and approximately 150 special interest publications. Meredith owns 13 television stations including properties in top-25 markets such as Atlanta, Phoenix and Portland, OR. CONTACT: Art Slusark of Meredith Corporation, +1-515-284-3404, art.slusark@meredith.com Web site: http://www.meredith.com/ |
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