Meredith Corporation (MDP) UBS 39 th Annual Global Media and Communications Conference December 6, 2011; 10:30 am ET Executives Steve Lacy - Chairman & CEO Joe Ceryanec - Chief Financial Officer PresentationUnidentified Participant
Welcome everyone to the Meredith Corporation presentation. Today we are happy to have with us Steve Lacy, Chairman and CEO; and Joe Ceryanec, Chief Financial Officer. We are going to have a brief presentation and then have five minutes for questions thereafter. I’m going to hand it over to Steve to go through his presentation. Steve Lacy Well, good morning everyone and thank you for being with us this morning. It’s always great to have the opportunity to update you on our current business activities. Our presentation of course does include some forward-looking information and this is just a quick reminder of the various items that might impact our business going forward. I thought I’d start for just a brief moment with this slide that summarizes our current business activities and we operate across a whole variety of media platforms. Our national media brands generated about $900 million in revenue during our fiscal 2011 and today reach $80 million unduplicated women offline and online. We are clearly the leading media company, serving women in the United States today. The portfolio or brands that we have strategically assembled over time is unmatched with any of our competitive set. Our local media business on the other hand generated about $320 million in revenue in fiscal ‘11 and reaches about 10% of the US households. Our marketing services activity is about $180 million in annual revenue in fiscal 2011 and we are a leading business to business marketer, offering clients from Kraft to Nestle to Chrysler and Lowe's expertise in digital, social mobile, along with database marketing.