6. Meredith (MDP - Get Report) is a media and marketing company operating in two business segments: national and local media. The company's national media segment contributes nearly 80% toward total revenue from magazine publishing, integrated marketing, interactive media and other related operations. The local media segment comprises operations of network-affiliated television stations and related interactive media operations.
During the first nine months ending March 31, revenue rose to $1.05 billion, up $30 million from the comparable prior-year period. Advertising and other revenue grew the fastest during the first nine months.
Net profit improved 37.5% year-over-year, driven by cost rationalization and lower interest outgo. Operating income grew 35% year-over-year to $169 million.Analysts' consensus estimate pegs average gains at 24% over the next year with buy ratings of 57%. The stock is trading at 11 times its estimated 2011 earnings.