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Meredith Corp., driven by strong performance from its Publishing and Broadcasting groups, reported its fifth straight year of record earnings for fiscal 1998, ended June 30. Publishing Group operating profit was up 16% to $98.1 million, while revenue was up 10% to $770.6 million. Broadcasting Group operating profit increased 37% to $80.1 million, while revenue grew 53% to $239.3 million. The operating profit growth rate was less than the percentage growth in revenue because of costs associated with acquiring four TV stations.
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