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1998 Meredith Corporation
Financial Highlights

Years ended June 30
(In millions, except per share)

1998

1997

1996

Total revenues
1,009.9
$ 855.2
$ 867.1
EBITDA
$ 189.3
$ 137.7
$ 122.6
Income from operations
$ 152.5
$ 114.7
$ 97.5
Earnings from continuing operations before special items1
$ 79.9
$ 67.6
$ 51.3
  Diluted Per share
$ 1.46
$ 1.22
$ 0.91
Earnings (loss) from
discontinued operation
2
$ ------
$ 27.7
$ (0.7)
  Diluted Per share
$ ------
$ 0.50
$ (0.01)
Net earnings
$ 79.9
$ 95.3
$ 53.9
  Diluted Per share
$ 1.46
$ 1.72
$ 0.96
Dividends per share
$ 0.27
$ 0.24
$ 0.21
Stock price:
High
$ 46.94
$ 29.37
$ 24.37
Low
$ 26.75
$ 19.69
$ 11.75
Total assets
$ 1,066.6
$ 760.9
$ 733.8
Long-term obligations (including current portion)3
$ 244.6
$ 17.0
$ 71.5
Stockholders' equity4
$ 377.8
$ 326.9
$ 261.6
                           ...................................................................
1      Special item is gain from book club disposition of $.06 per diluted share in fiscal 1996.
................
2   Earnings (loss) from discontinued operation reflect the operating results and gain from the disposition of the cable segment.
 
3  
Long-term obligations include program rights payable and company debt associated with continuing operations.
 
4 Stockholders' equity at June 30, 1998, includes the classification titled, "Put option agreement."




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