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MEREDITH CORPORATION BOARD DECLARES DIVIDEND, ELECTS NEW BOARD MEMBER

 MEREDITH CORPORATION BOARD DECLARES DIVIDEND,
 ELECTS NEW BOARD MEMBER
 DES MOINES, Iowa, Aug. 12 /PRNewswire/ -- The Meredith Corporation (NYSE: MDP) board of directors today declared a quarterly dividend of 16 cents per share, payable Sept. 15, 1992, to stockholders of record Aug. 31, 1992.
 The board also elected Nicholas L. Reding, 57, to the board. Reding fills a newly created position on the Meredith board of directors, increasing the board's size to 12 members.
 Reding is an executive vice president of Monsanto Company, headquartered in St. Louis, with responsibility for environmental, safety, health and manufacturing operations. He is a member of Monsanto's Executive Management Committee and Management Council, and a board advisory director. He serves on the advisory committees for both the agricultural and chemical groups of Monsanto Company. Reding, a Monsanto employee since 1956, assumed his current position in June 1990.
 A native of Algona, Iowa, and a graduate of Iowa State University, Reding is a member of the board of directors of The NutraSweet Company, G.D. Searle & Co., International Multifoods Corporation, the International Environmental Bureau (a division of the International Chamber of Commerce), The Keystone Center and CPI Corp.
 Meredith Corporation, headquartered in Des Moines, Iowa, is a Fortune 500 diversified media company involved in magazine and book publishing, television broadcasting, residential and real estate marketing and franchising, and investments in cable television.
 -0- 8/12/92
 /CONTACT: Robin Lenocker of Meredith, 515-284-3386, or (home) 515-279-3744/
 (MDP) CO: Meredith Corporation ST: Iowa IN: SU: DIV


KH -- MN007 -- 6250 08/12/92 14:20 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
Words:257
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