MEREDITH CORPORATION Bear Stearns – 18Th Annual Media Conference March 1, 2005
MEREDITH CORPORATION Bear Stearns – 18th Annual Media Conference March 1, 2005 INTRODUCTION Next up will be Meredith Corp., [sic, Corporation] a diversified media company with magazine and broadcasting properties. Presenting will be President and COO Steve Lacy, Chief Financial Officer, Suku Radia, and Director of IR, Jim Jacobson. Before we get started, I need to tell you that Meredith is currently, or during the past 12 months, has been a noninvestment banking client of Bear Stearns, and Bear Stearns or one of its affiliates has received compensation from Meredith in the past 12 months. With that, Steve, please go on ahead. STEVE LACY Great. Thank you very much, Michael, and it’s certainly a pleasure to be here with you today. As Michael mentioned, to my right is Suku Radia, our Chief Financial Officer, and we’ll have a brief presentation for those of you who don’t know much about Meredith, and have really been asked to reserve most of the time for Q&A. So we’ll look forward to that as well. On the next slide is our little safe-harbor language, which I won’t go through, like Michael’s. Just to state that we will use some non-GAAP references during the discussion today, primarily EBITDA as it relates to our broadcasting business, and there are tables on our website that reconcile all the financial information. For those of you who might not be as familiar with the Meredith Corporation, we’ve really served the needs of the American household, American families now for 103 years, primarily through service journalism.
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