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Meredith up 11%

Published on .

Meredith Corp., Des Moines, reported revenues from continuing operations for its first quarter of fiscal 1996 were $207.6 million, up 11% from the prior-year period. The Broadcasting Group's first-quarter operating profits were up 104% and ad revenues increased 33%. The company said its publishing segment was down 12% despite record operating results from magazine operations. It cited lackluster results in book operations and increased inventory expense.

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