Meredith Reports Lower Revenue But Higher Earnings for Q2 FY2020

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Meredith Corp’s second quarter earnings report for fiscal year 2020 was a mixed bag. The media and marketing company calls the quarter “strong” and reaffirms its full year 2020 guidance, but the results weren’t all rosy. For example, total company revenue was $810.5 million, compared to $878.4 million for the same period last year. Meredith attributes this decline to lower political spot advertising revenue in its Local Media Group and lower advertising and subscription revenue in its National Media Group, due to changes in the company’s portfolio and operations.

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