Meredith's CEO Presents At Citi Entertainment, Media And Telecommunications Conference (Transcript)

Meredith Corp. ( MDP)

Citi Entertainment, Media and Telecommunications Conference Call

January 04, 2012 05:00 pm ET




Unidentified Company Representative

[Abrupt Start] certain of the information that we talk about today will be forward-looking in nature and this slide is simply a reminder of the factors that could impact our business as we go forward. I thought I'd start with a very quick summary of the businesses that we operate in across media platforms. Our National Media branded businesses serve 80 million unduplicated women online and offline each and every month and we're clearly the leading media company that focuses primarily on women today.

Our Local Media Business reaches about 10% of the US households across the country and our business-to-business marketing service activity generates about a $180 million and we serve leading corporate clients including Kraft, Nestle, Chrysler and Lowe's. We provide them with a very deep expertise in digital, social, mobile and database marketing capabilities.

Our ability as a company over many, many years to generate very strong free cash flow is really a hallmark of the Meredith Corporation and we are in a strong financial position with the capacity to fulfill on our ongoing commitment to total shareholder return.

As some of you maybe aware, at the end of October we raised our dividend by 50% and also got a new $100 million share repurchase authorization from the Meredith Board of Directors. We have successfully extended our brands across multiple media platform giving our consumers the true flexibility to access our content as they prefer. We've built scale across those platforms to attract advertisers and marketers alike who want to reach our targeted and mass audiences.

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