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MEREDITH CORPORATION BOARD DECLARES DIVIDEND

 MEREDITH CORPORATION BOARD DECLARES DIVIDEND
 DES MOINES, Iowa, Nov. 9 /PRNewswire/ -- The Meredith Corporation


(NYSE: MDP) board of directors today declared a quarterly dividend of 16 cents per share, payable Dec. 15, 1992, to stockholders of record Nov. 30, 1992.
 During the company's annual shareholder's meeting earlier in the day, stockholders elected Nicholas L. Reding, executive vice president, Monsanto Company, to a term expiring in 1994. In addition, four directors were reelected to terms expiring in 1995. They are: Robert A. Burnett, chairman and CEO, retired, Meredith Corporation; Richard S. Levitt, chairman and chief executive officer, Nellis Corporation; E.T. Meredith III, chairman of the executive committee, Meredith Corporation; and Gerald D. Thornton, retired vice president, administrative services, Meredith Corporation. Jack D. Sparks, retired chairman of the board, Whirlpool Corporation and a board member since 1979, retires from the board effective today.
 Stockholders also approved the 1992 Meredith Corporation Stock Incentive Plan. The plan establishes a program of incentives for key Meredith managers which is designed to stimulate, recognize and reward the contribution of key executives toward the achievement of long-range goals.
 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- 11/9/92
 /CONTACT: Robin Lenocker of Meredith, 515-284-3386 or (home) 515-279-3744/
 (MDP) CO: Meredith Corporation ST: Iowa IN: PUB SU: DIV


AL -- MN009 -- 8699 11/09/92 12:16 EST
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Date:Nov 9, 1992
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