2005 National Hardware Show the Source for Home Improvement Industry Trends and Statistics; HIRI to Again Unveil New Study -- ``Selecting the Retailer in Home

This ground-breaking research will be
valuable to manufacturers, distributors and retailers as they build
their marketing programs and customize them by product category.

improvement intended

The 2005 National Hardware Show(R)
will once again play host to HIRI's new research.

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Additionally , Meredith has an extensive Internet presence that includes 26 web
sites and strategic alliances with leading Internet destinations.

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EST.

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Meredith owns or operates 14 television
stations , including properties in top-25 markets such as Atlanta, Phoenix and
Portland.
For more information on the National Hardware Show(R) in Las
Vegas, visit www., Newton, Mass.

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5
million in North America . (NYSE:RUK)((NYSE:ENL).

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"Once again, we're proud of the industry
expertise and information we'll be able to discuss at the 2005 show.

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ABOUT MEREDITH CORPORATION
Meredith Corporation ( http://www.com ) is one of the nation's
leading media and marketing companies with businesses centering on magazine
and book publishing, television broadcasting, integrated marketing, and
interactive media."
A popular event at the 2004 show was the introduction of brand new
research from the Home Improvement Research Institute (HIRI), one of
the nation's foremost authorities on trends and economic forecasting
for the home improvement industry.

expert lovers

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Beyond the HIRI study, the National Hardware Show(R) is
unparalleled in the variety and depth of information offered through
the Industry Conferences for the Home Marketplace.

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DES MOINES, Iowa, Meredith Corporation
(NYSE: MDP) will webcast its presentation to the Banc of America Media,
Telecommunications + Entertainment Conference on March 29, 2005 at 11:30 a., Palm Beach, Fla.

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Meredith Corporation to Webcast Presentation at Banc of America Conference

meredith.

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com
and a replay will be available for one week after the presentation.

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meredith ., Las Vegas and Toronto, and
sales and operations offices worldwide.

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The study will
be conducted in March 2005 and will include 3,000 recent purchasers of
home improvement products. Reed Exhibitions offers
integrated market access programs covering exhibitions, trade
publications, direct marketing and the Internet to a database of 3.

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The Meredith Publishing Group, the country's foremost home
and family authority, features 18 subscription magazines including Better
Homes and Gardens, Ladies' Home Journal and American Baby, and approximately
150 special interest publications. "HIRI research has a
direct impact on the product development and marketing activities of
the industry, and the National Hardware Show(R) is an exceptionally
natural setting in which to introduce the latest trends and
statistics.

This category is intended for a variety of media sources which focus on home improvement , repair, decorating, and do-it-yourself projects.

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"Creating timely, targeted research for unveiling at the National
Hardware Show(R) is a very positive move for us and for the industry,"
said Fred Miller, managing director of HIRI. With partners like
the Lawn + Garden Performance Group, Nursery Retailer, HomeWorld
Business and Retail Merchandiser magazines, experts from around the
industry will provide advice, guidance, trends and other pertinent
information to help manufacturers and retailers more effectively
target their customers. Reed has North American offices in Norwalk,
Conn.

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Meredith 's consumer database, which contains approximately 75 million names,
is one of the largest domestic databases among media companies and enables
magazine and television advertisers to target marketing campaigns precisely.
"In creating the Industry Conferences for the 2004 show, we knew
we had to offer our attendees compelling content from recognized
experts -- content they could act on immediately to build their
businesses," said Rob Cappiello, industry vice president of the
National Hardware Show(R).

This includes magazines, e-zines, television or radio programs, online books, and journals .

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Additionally, the Company will furnish the presentation to the SEC. To
access the text, go to the Investor Information section and click on SEC
Filings.

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nationalhardwareshow.

magazine programs

Reconciliation of GAAP
results and non-GAAP measures will be posted to the Investor Relations section
of the Company's web site prior to the presentation on March 29, 2005.

Business Editors
National Hardware Show 2005

LAS VEGAS----The National Hardware
Show(R) in Las Vegas, through its Industry Conferences for the Home
Marketplace(SM) and unique partnerships with key industry players, has
become a leading resource for home improvement industry trend
information.com
Reed Exhibitions, which manages more than 420 events worldwide, is
a member of the Reed Elsevier Group plc, a world-leading provider of
information-driven services and solutions.

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Meredith has approximately 350 books in print and has established
marketing relationships with some of America's leading companies, including
The Home Depot, DIRECTV, DaimlerChrysler, Wal-Mart and Carnival Cruise Lines."
New HIRI studies are normally only available to members of the
organization, but registered exhibitors and attendees at the 2005
National Hardware Show(R) in Las Vegas will have access to the
findings of the study . The 2005 study, "Selecting the Retailer in Home
Improvement," will provide valuable insights on why certain types of
retailers are selected for specific product categories.

old lovers

Please
click on the tab labeled GAAP-Non-GAAP Reconciliation.

repair where

The webcast will be accessible to the public at http://www .
Certain information contained in the presentation is subject to Regulation
G, in which the SEC addresses the usage and disclosure of non-GAAP (generally
accepted accounting principles) financial results.

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