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| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549                           |
|                                             |
| FORM 10-Q                                        |
|                                             |
| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) |
| OF THE SECURITIES EXCHANGE ACT OF 1934           |
|                                             |

| For the quarterly period ended March 31, 2010 | Commission file number 1-5128 |
|-----------------------------------------------|-------------------------------|

|                                                                     |   |                                 |
|--------------------------------------------------------------------------|--------|--------------------------------------|
| MEREDITH CORPORATION                                                     |
| (Exact name of registrant as specified in its charter)                   |
|                                                                     |   |                                 |
| Iowa                                                                     |   | 42-0410230                           |
| (State or other jurisdiction of incorporation or organization)           |   | (I.R.S. Employer Identification No.) |
|                                                                     |   |                                 |
| 1716 Locust Street, Des Moines, Iowa                                     |   | 50309-3023                           |
| (Address of principal executive offices)                                 |   | (Zip Code)                           |
|                                                                     |   |                                 |
| Registrant's telephone number, including area code:  (515) 284-3000 |

| Yes [X] | No [_] |   |
|---------|--------|--------|

| Yes [_] | No [_] |   |
|---------|--------|--------|

| Large accelerated filer [X]                                             | Accelerated filer [_]         |
|-------------------------------------------------------------------------|-------------------------------|
| Non-accelerated filer [_] (Do not check if a smaller reporting company) | Smaller reporting company [_] |

| Yes [_] | No [X] |   |
|---------|--------|--------|

| Shares of stock outstanding at March 31, 2010 |       |
|-----------------------------------------------|------------|
| Common shares                                 | 36,279,652 |   |
| Class B shares                                | 9,092,582  |   |
| Total common and Class B shares               | 45,372,234 |   |

|   |   |
|--------|--------|

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|              |                                                                                  |                                                                                                      |   |   |
|-------------------|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|--------|--------|
| TABLE OF CONTENTS |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  |                                                                                                      |   | Page   |
|              | Part I - Financial Information                                                        |                                                                                                      |   |
|              |                                                                                  |                                                                                                      |   |   |
| Item 1.           | Financial Statements                                                                  |                                                                                                      |   |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  | Condensed Consolidated Balance Sheets as of March 31, 2010, and June 30, 2009                             |   | 3      |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  | Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended March 31, 2010 and 2009 |   | 4      |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  | Condensed Consolidated Statement of Shareholders' Equity for the Nine Months Ended March 31, 2010         |   | 5      |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  | Condensed Consolidated Statements of Cash Flows for the Nine Months EndedMarch 31, 2010 and 2009          |   | 6      |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  | Notes to Condensed Consolidated Financial Statements                                                      |   | 7      |
|              |                                                                                  |                                                                                                      |   |   |
| Item 2.           | Management's Discussion and Analysis of Financial Condition and Results of Operations |                                                                                                      | 15     |
|              |                                                                                  |                                                                                                      |   |   |
| Item 3.           | Quantitative and Qualitative Disclosures About Market Risk                            |                                                                                                      | 27     |
|              |                                                                                  |                                                                                                      |   |   |
| Item 4.           | Controls and Procedures                                                               |                                                                                                      | 28     |
|              |                                                                                  |                                                                                                      |   |   |
|              | Part II - Other Information                                                           |                                                                                                      |   |
|              |                                                                                  |                                                                                                      |   |   |
| Item 1A.          | Risk Factors                                                                          |                                                                                                      | 29     |
|              |                                                                                  |                                                                                                      |   |   |
| Item 2.           | Unregistered Sales of Equity Securities and Use of Proceeds                           |                                                                                                      | 29     |
|              |                                                                                  |                                                                                                      |   |   |
| Item 6.           | Exhibits                                                                              |                                                                                                      | 30     |
|              |                                                                                  |                                                                                                      |   |   |
|              |                                                                                  |                                                                                                      |   |   |
|              | Signature                                                                             |                                                                                                      | 31     |
|              |                                                                                  |                                                                                                      |   |   |
|              | Index to Attached Exhibits                                                            |                                                                                                      | E-1    |

----

| PART I | FINANCIAL INFORMATION |   |
|--------|-----------------------|--------|
|   |                  |   |

| Item 1. | Financial Statements |   |
|---------|----------------------|--------|

|                                                  | (Unaudited)    |      |          |
|-------------------------------------------------------|----------------|-----------|---------------|
| Assets                                                | March 31, 2010 |      | June 30, 2009 |
| (In thousands)                                        |           |      |          |   |
| Current assets                                        |           |      |          |   |
| Cash and cash equivalents                             |           | $         | 23,666        |   |   | $ | 27,910 |   |
| Accounts receivable, net                              |           | 229,209   |          |   | 192,367 |   |
| Inventories                                           |           | 24,874    |          |   | 28,151 |   |
| Current portion of subscription acquisition costs     |           | 59,541    |          |   | 60,017 |   |
| Current portion of broadcast rights                   |           | 9,767     |          |   | 8,297 |   |
| Other current assets                                  |           | 15,996    |          |   | 23,398 |   |
| Total current assets                                  |           | 363,053   |          |   | 340,140 |   |
| Property, plant, and equipment                        |           | 453,674   |          |   | 444,904 |   |
| Less accumulated depreciation                         |           | (265,074  | )             |   | (253,597 | ) |
| Net property, plant, and equipment                    |           | 188,600   |          |   | 191,307 |   |
| Subscription acquisition costs                        |           | 58,062    |          |   | 63,444 |   |
| Broadcast rights                                      |           | 3,440     |          |   | 4,545 |   |
| Other assets                                          |           | 53,247    |          |   | 45,907 |   |
| Intangible assets, net                                |           | 554,551   |          |   | 561,581 |   |
| Goodwill                                              |           | 484,919   |          |   | 462,379 |   |
| Total assets                                          |           | $         | 1,705,872     |   |   | $ | 1,669,303 |   |
|                                                  |           |      |          |   |
| Liabilities and Shareholders' Equity                  |           |      |          |   |
| Current liabilities                                   |           |      |          |   |
| Current portion of long-term debt                     |           | $         | 140,000       |   |   | $ | — |   |
| Current portion of long-term broadcast rights payable |           | 13,580    |          |   | 10,560 |   |
| Accounts payable                                      |           | 83,927    |          |   | 86,381 |   |
| Accrued expenses and other liabilities                |           | 122,759   |          |   | 81,544 |   |
| Current portion of unearned subscription revenues     |           | 167,858   |          |   | 170,731 |   |
| Total current liabilities                             |           | 528,124   |          |   | 349,216 |   |
| Long-term debt                                        |           | 175,000   |          |   | 380,000 |   |
| Long-term broadcast rights payable                    |           | 9,979     |          |   | 11,851 |   |
| Unearned subscription revenues                        |           | 138,396   |          |   | 148,393 |   |
| Deferred income taxes                                 |           | 89,027    |          |   | 64,322 |   |
| Other noncurrent liabilities                          |           | 105,437   |          |   | 106,138 |   |
| Total liabilities                                     |           | 1,045,963 |          |   | 1,059,920 |   |
| Shareholders' equity                                  |           |      |          |   |
| Series preferred stock                                |           | —   |          |   | — |   |
| Common stock                                          |           | 36,280    |          |   | 35,934 |   |
| Class B stock                                         |           | 9,092     |          |   | 9,133 |   |
| Additional paid-in capital                            |           | 63,193    |          |   | 53,938 |   |
| Retained earnings                                     |           | 581,719   |          |   | 542,006 |   |
| Accumulated other comprehensive loss                  |           | (30,375   | )             |   | (31,628 | ) |
| Total shareholders' equity                            |           | 659,909   |          |   | 609,383 |   |
| Total liabilities and shareholders' equity            |           | $         | 1,705,872     |   |   | $ | 1,669,303 |   |

----

|                                                     | Three Months |    | Nine Months |
|----------------------------------------------------------|--------------|---------|-------------|
| Periods Ended March 31,                                  | 2010         |    | 2009        |   | 2010 |   | 2009 |
| (In thousands except per share data)                     |         |    |        |   |   |   |   |
| Revenues                                                 |         |    |        |   |   |   |   |
| Advertising                                              | $            | 199,170 |        |   | $ | 184,265 |   |   | $ | 578,854 |   |   | $ | 597,891 |   |
| Circulation                                              | 74,598       |    |        | 72,869 |   |   | 211,686 |   |   | 211,086 |   |
| All other                                                | 79,575       |    |        | 80,460 |   |   | 232,073 |   |   | 253,971 |   |
| Total revenues                                           | 353,343      |    |        | 337,594 |   |   | 1,022,613 |   |   | 1,062,948 |   |
| Operating expenses                                       |         |    |        |   |   |   |   |
| Production, distribution, and editorial                  | 144,517      |    |        | 159,197 |   |   | 438,521 |   |   | 491,618 |   |
| Selling, general, and administrative                     | 142,044      |    |        | 124,323 |   |   | 428,298 |   |   | 421,523 |   |
| Depreciation and amortization                            | 10,313       |    |        | 10,714 |   |   | 30,533 |   |   | 32,346 |   |
| Total operating expenses                                 | 296,874      |    |        | 294,234 |   |   | 897,352 |   |   | 945,487 |   |
| Income from operations                                   | 56,469       |    |        | 43,360 |   |   | 125,261 |   |   | 117,461 |   |
| Interest income                                          | 6            |    |        | 121 |   |   | 25 |   |   | 348 |   |
| Interest expense                                         | (3,952       | )       |        | (4,911 | ) |   | (14,737 | ) |   | (15,698 | ) |
| Earnings from continuing operations before income taxes  | 52,523       |    |        | 38,570 |   |   | 110,549 |   |   | 102,111 |   |
| Income taxes                                             | 19,224       |    |        | 13,696 |   |   | 39,955 |   |   | 40,766 |   |
| Earnings from continuing operations                      | 33,299       |    |        | 24,874 |   |   | 70,594 |   |   | 61,345 |   |
| Income (loss) from discontinued operations, net of taxes | —      |    |        | 554 |   |   | — |   |   | (4,737 | ) |
| Net earnings                                             | $            | 33,299  |        |   | $ | 25,428 |   |   | $ | 70,594 |   |   | $ | 56,608 |   |
|                                                     |         |    |        |   |   |   |   |
| Basic earnings per share                                 |         |    |        |   |   |   |   |
| Earnings from continuing operations                      | $            | 0.73    |        |   | $ | 0.55 |   |   | $ | 1.56 |   |   | $ | 1.36 |   |
| Discontinued operations                                  | —      |    |        | 0.01 |   |   | — |   |   | (0.11 | ) |
| Basic earnings per share                                 | $            | 0.73    |        |   | $ | 0.56 |   |   | $ | 1.56 |   |   | $ | 1.25 |   |
| Basic average shares outstanding                         | 45,331       |    |        | 44,961 |   |   | 45,259 |   |   | 45,051 |   |
|                                                     |         |    |        |   |   |   |   |
| Diluted earnings per share                               |         |    |        |   |   |   |   |
| Earnings from continuing operations                      | $            | 0.73    |        |   | $ | 0.55 |   |   | $ | 1.55 |   |   | $ | 1.36 |   |
| Discontinued operations                                  | —      |    |        | 0.01 |   |   | — |   |   | (0.11 | ) |
| Diluted earnings per share                               | $            | 0.73    |        |   | $ | 0.56 |   |   | $ | 1.55 |   |   | $ | 1.25 |   |
| Diluted average shares outstanding                       | 45,651       |    |        | 45,092 |   |   | 45,505 |   |   | 45,177 |   |
|                                                     |         |    |        |   |   |   |   |
| Dividends paid per share                                 | $            | 0.230   |        |   | $ | 0.225 |   |   | $ | 0.680 |   |   | $ | 0.655 |   |

----

| (In thousands except per share data)    | CommonStock - $1par value |    | Class BStock - $1par value |   | AdditionalPaid-inCapital |    | RetainedEarnings |   | AccumulatedOtherComprehensiveLoss |    | Total  |
|-----------------------------------------|---------------------------|---------|----------------------------|--------|--------------------------|---------|------------------|--------|-----------------------------------|---------|--------|
| Balance at June 30, 2009                |                      | $       | 35,934                     |   |                     |    | $                | 9,133  |                              |    |   | $ | 53,938 |   |   | $ | 542,006 |   |   |   | $ | (31,628 | ) |   | $ | 609,383 |   |
| Net earnings                            |                      | — |                       |   |                     | — |             |   |                              | — |   |   | 70,594 |   |   |   | — |   |   | 70,594 |   |
| Other comprehensive income, net         |                      | — |                       |   |                     | — |             |   |                              | — |   |   | — |   |   |   | 1,253 |   |   | 1,253 |   |
| Total comprehensive income              |                      |    |                       |   |                     |    |             |   |                              |    |   |   |   |   | 71,847 |   |
| Share-based incentive plan transactions |                      | 463     |                       |   |                     | — |             |   |                              | 6,996   |   |   | — |   |   |   | — |   |   | 7,459 |   |
| Purchases of Company stock              |                      | (157    | )                          |   |                     | (1      | )                |   |                              | (5,070  | )      |   | — |   |   |   | — |   |   | (5,228 | ) |
| Share-based compensation                |                      | — |                       |   |                     | — |             |   |                              | 8,630   |   |   | — |   |   |   | — |   |   | 8,630 |   |
| Conversion of Class B to common stock   |                      | 40      |                       |   |                     | (40     | )                |   |                              | — |   |   | — |   |   |   | — |   |   | — |   |
| Dividends paid, 68 cents per share      |                      |    |                       |   |                     |    |             |   |                              |    |   |   |   |   |   |
| Common stock                            |                      | — |                       |   |                     | — |             |   |                              | — |   |   | (24,682 | ) |   |   | — |   |   | (24,682 | ) |
| Class B stock                           |                      | — |                       |   |                     | — |             |   |                              | — |   |   | (6,199 | ) |   |   | — |   |   | (6,199 | ) |
| Tax benefit from incentive plans        |                      | — |                       |   |                     | — |             |   |                              | (1,301  | )      |   | — |   |   |   | — |   |   | (1,301 | ) |
| Balance at March 31, 2010               |                      | $       | 36,280                     |   |                     |    | $                | 9,092  |                              |    |   | $ | 63,193 |   |   | $ | 581,719 |   |   |   | $ | (30,375 | ) |   | $ | 659,909 |   |

----

| Nine Months Ended March 31,                                                        | 2010     |   | 2009   |
|------------------------------------------------------------------------------------|----------|--------|--------|
| (In thousands)                                                                     |     |   |   |
| Cash flows from operating activities                                               |     |   |   |
| Net earnings                                                                       | $        | 70,594 |   |   | $ | 56,608 |   |
| Adjustments to reconcile net earnings to net cash provided by operating activities |     |   |   |
| Depreciation                                                                       | 23,503   |   |   | 25,102 |   |
| Amortization                                                                       | 7,030    |   |   | 7,251 |   |
| Share-based compensation                                                           | 8,630    |   |   | 8,600 |   |
| Deferred income taxes                                                              | 17,191   |   |   | 37,409 |   |
| Amortization of broadcast rights                                                   | 17,357   |   |   | 19,123 |   |
| Payments for broadcast rights                                                      | (16,574  | )      |   | (18,807 | ) |
| Gain from dispositions of assets                                                   | (2,819   | )      |   | (1,758 | ) |
| Provision for write-down of impaired assets                                        | 3,249    |   |   | 5,602 |   |
| Excess tax benefits from share-based payments                                      | (489     | )      |   | (673 | ) |
| Changes in assets and liabilities                                                  | 12,231   |   |   | 154 |   |
| Net cash provided by operating activities                                          | 139,903  |   |   | 138,611 |   |
| Cash flows from investing activities                                               |     |   |   |
| Acquisitions of businesses                                                         | (32,542  | )      |   | (6,118 | ) |
| Additions to property, plant, and equipment                                        | (18,249  | )      |   | (18,642 | ) |
| Proceeds from dispositions of assets                                               | —  |   |   | 636 |   |
| Net cash used in investing activities                                              | (50,791  | )      |   | (24,124 | ) |
| Cash flows from financing activities                                               |     |   |   |
| Proceeds from issuance of long-term debt                                           | 85,000   |   |   | 120,000 |   |
| Repayments of long-term debt                                                       | (150,000 | )      |   | (150,000 | ) |
| Purchases of Company stock                                                         | (5,228   | )      |   | (21,763 | ) |
| Dividends paid                                                                     | (30,881  | )      |   | (29,573 | ) |
| Proceeds from common stock issued                                                  | 7,459    |   |   | 3,178 |   |
| Excess tax benefits from share-based payments                                      | 489      |   |   | 673 |   |
| Other                                                                              | (195     | )      |   | (250 | ) |
| Net cash used in financing activities                                              | (93,356  | )      |   | (77,735 | ) |
| Net increase (decrease) in cash and cash equivalents                               | (4,244   | )      |   | 36,752 |   |
| Cash and cash equivalents at beginning of period                                   | 27,910   |   |   | 37,644 |   |
| Cash and cash equivalents at end of period                                         | $        | 23,666 |   |   | $ | 74,396 |   |

----

| Meredith Corporation and Subsidiaries                            |   |
|------------------------------------------------------------------|--------|
| Notes to Condensed Consolidated Financial Statements (Unaudited) |   |

----

----

| Nine Months Ended March 31,          | 2010   |
|--------------------------------------|--------|
| (In thousands)                       |   |
| Balance at June 30, 2009             | $      | 9,894 |   |
| Severance accruals                   | 3,922  |   |
| Cash payments                        | (4,084 | ) |
| Reversal of excess accrual and other | (1,407 | ) |
| Balance at March 31, 2010            | $      | 8,325 |   |

| Periods Ended March 31, 2009                         | Three Months |   | Nine Months |
|------------------------------------------------------|--------------|--------|-------------|
| (In thousands except per share data)                 |         |   |        |
| Revenues                                             | $            | 5,260  |        |   | $ | 16,584 |   |
| Costs and expenses                                   | (4,351       | )      |        | (17,587 | ) |
| Special items                                        | —      |   |        | (6,761 | ) |
| Income (loss) before income taxes                    | 909          |   |        | (7,764 | ) |
| Income taxes                                         | (355         | )      |        | 3,027 |   |
| Income (loss) from discontinued operations           | $            | 554    |        |   | $ | (4,737 | ) |
| Income (loss) per share from discontinued operations |         |   |        |
| Basic                                                | $            | 0.01   |        |   | $ | (0.11 | ) |
| Diluted                                              | 0.01         |   |        | (0.11 | ) |

----

| (In thousands)                  | March 31, 2010 |   | June 30, 2009 |
|---------------------------------|----------------|--------|---------------|
| Raw materials                   | $              | 15,528 |          |   | $ | 18,322 |   |
| Work in process                 | 12,703         |   |          | 15,554 |   |
| Finished goods                  | 2,512          |   |          | 2,604 |   |
|                            | 30,743         |   |          | 36,480 |   |
| Reserve for LIFO cost valuation | (5,869         | )      |          | (8,329 | ) |
| Inventories                     | $              | 24,874 |          |   | $ | 28,151 |   |

|                           |   | March 31, 2010 |    | June 30, 2009           |
|--------------------------------|--------|----------------|---------|-------------------------|
| (In thousands)                 |   | GrossAmount    |    | AccumulatedAmortization |   | NetAmount |   | GrossAmount |   | AccumulatedAmortization |   | NetAmount |
| Intangible assets              |   |           |    |                    |   |   |   |   |   |   |   |   |
| subject to amortization        |   |           |    |                    |   |   |   |   |   |   |   |   |
| National media group           |   |           |    |                    |   |   |   |   |   |   |   |   |
| Noncompete agreements          |   | $              | 480     |                    |   | $ | (311 | ) |   | $ | 169 |   |   | $ | 480 |   |   | $ | (224 | ) |   | $ | 256 |   |
| Advertiser relationships       |   | 18,400         |    |                    | (12,486 | ) |   | 5,914 |   |   | 18,400 |   |   | (10,515 | ) |   | 7,885 |   |
| Customer lists                 |   | 9,230          |    |                    | (3,241 | ) |   | 5,989 |   |   | 9,230 |   |   | (2,252 | ) |   | 6,978 |   |
| Other                          |   | 3,544          |    |                    | (2,491 | ) |   | 1,053 |   |   | 3,544 |   |   | (2,177 | ) |   | 1,367 |   |
| Local media group              |   |           |    |                    |   |   |   |   |   |   |   |   |
| Network affiliation agreements |   | 218,559        |    |                    | (101,636 | ) |   | 116,923 |   |   | 218,559 |   |   | (97,967 | ) |   | 120,592 |   |
| Total                          |   | $              | 250,213 |                    |   | $ | (120,165 | ) |   | 130,048 |   |   | $ | 250,213 |   |   | $ | (113,135 | ) |   | 137,078 |   |
| Intangible assets not          |   |           |    |                    |   |   |   |   |   |   |   |   |
| subject to amortization        |   |           |    |                    |   |   |   |   |   |   |   |   |
| National media group           |   |           |    |                    |   |   |   |   |   |   |   |   |
| Internet domain names          |   |           |    |                    |   | 996 |   |   |   |   |   |   | 996 |   |
| Trademarks                     |   |           |    |                    |   | 124,431 |   |   |   |   |   |   | 124,431 |   |
| Local media group              |   |           |    |                    |   |   |   |   |   |   |   |   |
| FCC licenses                   |   |           |    |                    |   | 299,076 |   |   |   |   |   |   | 299,076 |   |
| Total                          |   |           |    |                    |   | 424,503 |   |   |   |   |   |   | 424,503 |   |
| Intangible assets, net         |   |           |    |                    |   | $ | 554,551 |   |   |   |   |   |   | $ | 561,581 |   |

----

| Nine Months Ended March 31,    | 2010               |    | 2009            |
|--------------------------------|--------------------|---------|-----------------|
| (In thousands)                 | NationalMediaGroup |    | LocalMediaGroup |   | Total |   | NationalMediaGroup |   | LocalMediaGroup |   | Total |
| Balance at beginning of period | $                  | 462,379 |            |   | $ | — |   |   | $ | 462,379 |   |   | $ | 449,734 |   |   | $ | 82,598 |   |   | $ | 532,332 |   |
| Acquisitions                   | 22,540             |    |            | — |   |   | 22,540 |   |   | 16 |   |   | — |   |   | 16 |   |
| Adjustments                    | —            |    |            | — |   |   | — |   |   | (1,157 | ) |   | — |   |   | (1,157 | ) |
| Balance at end of period       | $                  | 484,919 |            |   | $ | — |   |   | $ | 484,919 |   |   | $ | 448,593 |   |   | $ | 82,598 |   |   | $ | 531,191 |   |

| (In thousands)                                                        | March 31, 2010 |    | June 30, 2009 |
|-----------------------------------------------------------------------|----------------|---------|---------------|
| Variable-rate credit facilities                                       |           |    |          |
| Asset-backed commercial paper facility of $100 million, due 3/29/2011 | $              | — |          |   | $ | 80,000 |   |
| Revolving credit facility of $150 million, due 10/7/2010              | 65,000         |    |          | 125,000 |   |
|                                                                  |           |    |          |
| Private placement notes                                               |           |    |          |
| 4.70% senior notes, due 7/1/2010                                      | 75,000         |    |          | 75,000 |   |
| 4.70% senior notes, due 6/16/2011                                     | 50,000         |    |          | 50,000 |   |
| 5.04% senior notes, due 6/16/2012                                     | 50,000         |    |          | 50,000 |   |
| 6.70% senior notes, due 7/13/2013                                     | 50,000         |    |          | — |   |
| 7.19% senior notes, due 7/13/2014                                     | 25,000         |    |          | — |   |
| Total long-term debt                                                  | 315,000        |    |          | 380,000 |   |
| Current portion of long-term debt                                     | (140,000       | )       |          | — |   |
| Long-term debt                                                        | $              | 175,000 |          |   | $ | 380,000 |   |

----

|  | Level 1 | Quoted prices (unadjusted) in active markets for identical assets or liabilities;                                                                                         |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | Level 2 | Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable;                                                                |
|  | Level 3 | Assets or liabilities for which fair value is based on valuation models with significant unobservable pricing inputs and which result in the use of management estimates. |

|                                | Three Months |   |   | Nine Months |
|-------------------------------------|--------------|--------|--------|-------------|
| Periods Ended March 31,             | 2010         |   | 2009   |        |   | 2010 |   | 2009 |
| (In thousands)                      |         |   |   |        |   |   |   |   |
| Pension benefits                    |         |   |   |        |   |   |   |   |
| Service cost                        | $            | 2,184  |   |        | $ | 2,181 |   |   |   | $ | 6,384 |   |   | $ | 6,543 |   |
| Interest cost                       | 1,411        |   |   | 1,436       |   |   |   | 4,367 |   |   | 4,308 |   |
| Expected return on plan assets      | (2,291       | )      |   | (2,331      | ) |   |   | (5,861 | ) |   | (6,993 | ) |
| Prior service cost amortization     | 214          |   |   | 210         |   |   |   | 641 |   |   | 630 |   |
| Actuarial loss amortization         | 841          |   |   | 155         |   |   |   | 4,085 |   |   | 465 |   |
| Net periodic benefit expense        | $            | 2,359  |   |        | $ | 1,651 |   |   |   | $ | 9,616 |   |   | $ | 4,953 |   |
|                                |         |   |   |        |   |   |   |   |
| Postretirement benefits             |         |   |   |        |   |   |   |   |
| Service cost                        | $            | 106    |   |        | $ | 115 |   |   |   | $ | 317 |   |   | $ | 345 |   |
| Interest cost                       | 227          |   |   | 245         |   |   |   | 681 |   |   | 735 |   |
| Prior service cost amortization     | (184         | )      |   | (184        | ) |   |   | (552 | ) |   | (552 | ) |
| Net periodic postretirement expense | $            | 149    |   |        | $ | 176 |   |   |   | $ | 446 |   |   | $ | 528 |   |

----

|                                             | Three Months |   |   | Nine Months |
|--------------------------------------------------|--------------|--------|--------|-------------|
| Periods Ended March 31,                          | 2010         |   | 2009   |        |   | 2010 |   | 2009 |
| (In thousands except per share data)             |         |   |   |        |   |   |   |   |
| Earnings from continuing operations              | $            | 33,299 |   |        | $ | 24,874 |   |   |   | $ | 70,594 |   |   | $ | 61,345 |   |
| Basic average shares outstanding                 | 45,331       |   |   | 44,961      |   |   |   | 45,259 |   |   | 45,051 |   |
| Dilutive effect of stock options and equivalents | 320          |   |   | 131         |   |   |   | 246 |   |   | 126 |   |
| Diluted average shares outstanding               | 45,651       |   |   | 45,092      |   |   |   | 45,505 |   |   | 45,177 |   |
| Earnings per share from continuing operations    |         |   |   |        |   |   |   |   |
| Basic earnings per share                         | $            | 0.73   |   |        | $ | 0.55 |   |   |   | $ | 1.56 |   |   | $ | 1.36 |   |
| Diluted earnings per share                       | 0.73         |   |   | 0.55        |   |   |   | 1.55 |   |   | 1.36 |   |

----

|                                | Three Months |    |   | Nine Months |
|-------------------------------------|--------------|---------|--------|-------------|
| Periods Ended March 31,             | 2010         |    | 2009   |        |   | 2010 |   | 2009 |
| (In thousands)                      |         |    |   |        |   |   |   |   |
| Revenues                            |         |    |   |        |   |   |   |   |
| National media group                | $            | 284,585 |   |        | $ | 280,320 |   |   |   | $ | 817,364 |   |   | $ | 850,895 |   |
| Local media group                   | 68,758       |    |   | 57,274      |   |   |   | 205,249 |   |   | 212,053 |   |
| Total revenues                      | $            | 353,343 |   |        | $ | 337,594 |   |   |   | $ | 1,022,613 |   |   | $ | 1,062,948 |   |
|                                |         |    |   |        |   |   |   |   |
| Operating profit                    |         |    |   |        |   |   |   |   |
| National media group                | $            | 50,865  |   |        | $ | 47,971 |   |   |   | $ | 121,232 |   |   | $ | 105,069 |   |
| Local media group                   | 12,828       |    |   | 1,348       |   |   |   | 32,291 |   |   | 34,373 |   |
| Unallocated corporate               | (7,224       | )       |   | (5,959      | ) |   |   | (28,262 | ) |   | (21,981 | ) |
| Income from operations              | $            | 56,469  |   |        | $ | 43,360 |   |   |   | $ | 125,261 |   |   | $ | 117,461 |   |
|                                |         |    |   |        |   |   |   |   |
| Depreciation and amortization       |         |    |   |        |   |   |   |   |
| National media group                | $            | 3,694   |   |        | $ | 3,789 |   |   |   | $ | 10,843 |   |   | $ | 11,843 |   |
| Local media group                   | 6,078        |    |   | 6,471       |   |   |   | 18,160 |   |   | 18,988 |   |
| Unallocated corporate               | 541          |    |   | 454         |   |   |   | 1,530 |   |   | 1,515 |   |
| Total depreciation and amortization | $            | 10,313  |   |        | $ | 10,714 |   |   |   | $ | 30,533 |   |   | $ | 32,346 |   |

----

| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------|

|  | In the first nine months of fiscal 2010, management committed to performance improvement plans that included the realignment of our national media group digital operations and the repositioning of our Special Interest Media (SIM) operations. In connection with these plans, the national media group recorded pre-tax restructuring charges of $1.7 million for severance and benefit costs in the third quarter of fiscal 2010 and $5.5 million including severance and benefit costs of $2.2 million and the write-off of various assets of our SIM operations of $3.3 million in the second quarter. During the third quarter of fiscal 2010, the national media group recorded a $1.3 million reversal of excess restructuring reserves accrued in prior fiscal years. |
|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | National media group revenues decreased 4 percent from the prior year primarily due to reductions in revenues at Meredith Books, which was expected due to the March 2009 licensing agreement with John Wiley & Sons, Inc. (Wiley). While advertising and integrated marketing revenues increased in the three-month period, they were lower than the prior-year nine-month period primarily due to the weakened economic conditions that existed during the early part of our fiscal year. Brand licensing revenues increased |
|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | in both the three and nine-month periods. National media group operating profit increased 15 percent, primarily as a result of the Company's ongoing initiative to reduce operating costs. |
|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | Local media group revenues were primarily affected by the cyclical decline in political advertising at the television stations and, to a lesser extent, lower overall demand in advertising in the first part of our fiscal year. As a result, local media group revenues and operating profit decreased 3 percent and 6 percent, respectively. However, for the three months ended March 31, 2010, local media group revenues increased 20 percent and operating profit was $12.8 million, up significantly from $1.3 million in the prior year. |
|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | Diluted earnings per share increased 24 percent to $1.55 from prior-year first nine months earnings of $1.25. |
|--|-------------------------------------------------------------------------------------------------------------------------|

|  | We generated $139.9 million in operating cash flow. |
|--|-----------------------------------------------------|

----

| Three Months Ended March 31,                          | 2010     |      | 2009   |     | Change |
|-------------------------------------------------------|----------|-----------|--------|----------|--------|
| (In thousands except per share data)                  |     |      |   |     |   |
| Total revenues                                        | $        | 353,343   |   |     | $      | 337,594 |   |   | 5 | % |
| Operating expenses                                    | (296,874 | )         |   | (294,234 | )      |   | 1 | % |
| Income from operations                                | $        | 56,469    |   |     | $      | 43,360 |   |   | 30 | % |
| Earnings from continuing operations                   | $        | 33,299    |   |     | $      | 24,874 |   |   | 34 | % |
| Net earnings                                          | 33,299   |      |   | 25,428   |   |   | 31 | % |
| Diluted earnings per share from continuing operations | 0.73     |      |   | 0.55     |   |   | 33 | % |
| Diluted earnings per share                            | 0.73     |      |   | 0.56     |   |   | 30 | % |
|                                                  |     |      |   |     |   |
|                                                  |     |      |   |     |   |
| Nine Months Ended March 31,                           | 2010     |      | 2009   |     | Change |
| (In thousands except per share data)                  |     |      |   |     |   |
| Total revenues                                        | $        | 1,022,613 |   |     | $      | 1,062,948 |   |   | (4 | )% |
| Operating expenses                                    | (897,352 | )         |   | (945,487 | )      |   | (5 | )% |
| Income from operations                                | $        | 125,261   |   |     | $      | 117,461 |   |   | 7 | % |
| Earnings from continuing operations                   | $        | 70,594    |   |     | $      | 61,345 |   |   | 15 | % |
| Net earnings                                          | 70,594   |      |   | 56,608   |   |   | 25 | % |
| Diluted earnings per share from continuing operations | 1.55     |      |   | 1.36     |   |   | 14 | % |
| Diluted earnings per share                            | 1.55     |      |   | 1.25     |   |   | 24 | % |

----

| Three Months Ended March 31, | 2010     |    | 2009   |     | Change |
|------------------------------|----------|---------|--------|----------|--------|
| (In thousands)               |     |    |   |     |   |
| Advertising revenue          | $        | 137,337 |   |     | $      | 132,242 |   |   | 4 | % |
| Circulation revenue          | 74,598   |    |   | 72,869   |   |   | 2 | % |
| Other revenue                | 72,650   |    |   | 75,209   |   |   | (3 | )% |
| Total revenues               | 284,585  |    |   | 280,320  |   |   | 2 | % |
| Operating expenses           | (233,720 | )       |   | (232,349 | )      |   | 1 | % |
| Operating profit             | $        | 50,865  |   |     | $      | 47,971 |   |   | 6 | % |
| Operating profit margin      | 17.9     | %       |   | 17.1     | %      |   |   |
|                         |     |    |   |     |   |
|                         |     |    |   |     |   |
| Nine Months Ended March 31,  | 2010     |    | 2009   |     | Change |
| (In thousands)               |     |    |   |     |   |
| Advertising revenue          | $        | 391,970 |   |     | $      | 396,627 |   |   | (1 | )% |
| Circulation revenue          | 211,686  |    |   | 211,086  |   |   | 0 | % |
| Other revenue                | 213,708  |    |   | 243,182  |   |   | (12 | )% |
| Total revenues               | 817,364  |    |   | 850,895  |   |   | (4 | )% |
| Operating expenses           | (696,132 | )       |   | (745,826 | )      |   | (7 | )% |
| Operating profit             | $        | 121,232 |   |     | $      | 105,069 |   |   | 15 | % |
| Operating profit margin      | 14.8     | %       |   | 12.3     | %      |   |   |

----

----

| Three Months Ended March 31,       | 2010     |    | 2009   |     | Change |
|------------------------------------|----------|---------|--------|----------|--------|
| (In thousands)                     |     |    |   |     |   |
| Non-political advertising revenues | $        | 60,312  |   |     | $      | 51,778 |   |   | 16 | % |
| Political advertising revenues     | 1,521    |    |   | 245      |   |   | 521 | % |
| Other revenues                     | 6,925    |    |   | 5,251    |   |   | 32 | % |
| Total revenues                     | 68,758   |    |   | 57,274   |   |   | 20 | % |
| Operating expenses                 | (55,930  | )       |   | (55,926  | )      |   | 0 | % |
| Operating profit                   | $        | 12,828  |   |     | $      | 1,348 |   |   | 852 | % |
| Operating profit margin            | 18.7     | %       |   | 2.4      | %      |   |   |
|                               |     |    |   |     |   |
|                               |     |    |   |     |   |
| Nine Months Ended March 31,        | 2010     |    | 2009   |     | Change |
| (In thousands)                     |     |    |   |     |   |
| Non-political advertising revenues | $        | 181,532 |   |     | $      | 178,143 |   |   | 2 | % |
| Political advertising revenues     | 5,352    |    |   | 23,121   |   |   | (77 | )% |
| Other revenues                     | 18,365   |    |   | 10,789   |   |   | 70 | % |
| Total revenues                     | 205,249  |    |   | 212,053  |   |   | (3 | )% |
| Operating expenses                 | (172,958 | )       |   | (177,680 | )      |   | (3 | )% |
| Operating profit                   | $        | 32,291  |   |     | $      | 34,373 |   |   | (6 | )% |
| Operating profit margin            | 15.7     | %       |   | 16.2     | %      |   |   |

----

| Three Months Ended March 31,  | 2010   |    | 2009   |
|-------------------------------|--------|---------|--------|
| (In thousands)                |   |    |   |
| Revenues                      | $      | 68,758  |   |   | $ | 57,274 |   |
| Operating profit              | $      | 12,828  |   |   | $ | 1,348 |   |
| Depreciation and amortization | 6,078  |    |   | 6,471 |   |
| EBITDA                        | $      | 18,906  |   |   | $ | 7,819 |   |
| EBITDA margin                 | 27.5   | %       |   | 13.7 | % |
|                          |   |    |   |
|                          |   |    |   |
| Nine Months Ended March 31,   | 2010   |    | 2009   |
| (In thousands)                |   |    |   |
| Revenues                      | $      | 205,249 |   |   | $ | 212,053 |   |
| Operating profit              | $      | 32,291  |   |   | $ | 34,373 |   |
| Depreciation and amortization | 18,160 |    |   | 18,988 |   |
| EBITDA                        | $      | 50,451  |   |   | $ | 53,361 |   |
| EBITDA margin                 | 24.6   | %       |   | 25.2 | % |

|                         | 2010   |   | 2009   |   | Change |
|------------------------------|--------|--------|--------|--------|--------|
| (In thousands)               |   |   |   |   |   |
| Three months ended March 31, | $      | 7,224  |   |   | $      | 5,959 |   |   | 21 | % |
| Nine months ended March 31,  | 28,262 |   |   | 21,981 |   |   | 29 | % |

----

| Three Months Ended March 31,            | 2010    |    | 2009   |    | Change |
|-----------------------------------------|---------|---------|--------|---------|--------|
| (In thousands)                          |    |    |   |    |   |
| Production, distribution, and editorial | $       | 144,517 |   |    | $      | 159,197 |   |   | (9 | )% |
| Selling, general, and administrative    | 142,044 |    |   | 124,323 |   |   | 14 | % |
| Depreciation and amortization           | 10,313  |    |   | 10,714  |   |   | (4 | )% |
| Operating expenses                      | $       | 296,874 |   |    | $      | 294,234 |   |   | 1 | % |
|                                    |    |    |   |    |   |
|                                    |    |    |   |    |   |
| Nine Months Ended March 31,             | 2010    |    | 2009   |    | Change |
| (In thousands)                          |    |    |   |    |   |
| Production, distribution, and editorial | $       | 438,521 |   |    | $      | 491,618 |   |   | (11 | )% |
| Selling, general, and administrative    | 428,298 |    |   | 421,523 |   |   | 2 | % |
| Depreciation and amortization           | 30,533  |    |   | 32,346  |   |   | (6 | )% |
| Operating expenses                      | $       | 897,352 |   |    | $      | 945,487 |   |   | (5 | )% |

----

| Periods Ended March 31, 2009                         | Three Months |   | Nine Months |
|------------------------------------------------------|--------------|--------|-------------|
| (In thousands except per share data)                 |         |   |        |
| Revenues                                             | $            | 5,260  |        |   | $ | 16,584 |   |
| Costs and expenses                                   | (4,351       | )      |        | (17,587 | ) |
| Special items                                        | —      |   |        | (6,761 | ) |
| Income (loss) before income taxes                    | 909          |   |        | (7,764 | ) |
| Income taxes                                         | (355         | )      |        | 3,027 |   |
| Income (loss) from discontinued operations           | $            | 554    |        |   | $ | (4,737 | ) |
| Income (loss) per share from discontinued operations |         |   |        |
| Basic                                                | $            | 0.01   |        |   | $ | (0.11 | ) |
| Diluted                                              | 0.01         |   |        | (0.11 | ) |

----

| Nine Months Ended March 31,                          | 2010    |    | 2009   |    | Change |
|------------------------------------------------------|---------|---------|--------|---------|--------|
| (In thousands)                                       |    |    |   |    |   |
| Net earnings                                         | $       | 70,594  |   |    | $      | 56,608 |   |   | 25 | % |
| Cash flows from operations                           | $       | 139,903 |   |    | $      | 138,611 |   |   | 1 | % |
| Cash flows used in investing                         | (50,791 | )       |   | (24,124 | )      |   | 111 | % |
| Cash flows used in financing                         | (93,356 | )       |   | (77,735 | )      |   | 20 | % |
| Net increase (decrease) in cash and cash equivalents | $       | (4,244  | )      |    | $      | 36,752 |   |   | (112 | )% |

----

----

----

| Item 3. | Quantitative and Qualitative Disclosures about Market Risk |
|---------|------------------------------------------------------------|

----

| Item 4. | Controls and Procedures |
|---------|-------------------------|

----

| PART II | OTHER INFORMATION |   |
|---------|-------------------|--------|

| Item 1A. | Risk Factors |   |
|----------|--------------|--------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |   |
|---------|-------------------------------------------------------------|--------|

| (c) |   | Issuer Repurchases of Equity Securities |
|-----|--------|-----------------------------------------|

| Period                         | (a)Total number ofshares purchased | (b)Average pricepaidper share | (c)Total number of sharespurchased as part of publicly announced programs | (d)Maximum number of sharesthat may yet be purchasedunder programs |
|--------------------------------|------------------------------------|-------------------------------|---------------------------------------------------------------------------|--------------------------------------------------------------------|
| January 1 toJanuary 31, 2010   | 23,553                             |                          |                                                                      |                                                               | $ | 33.59 |   |   | 23,553 |   |   | 1,465,493 |   |   |
| February 1 toFebruary 28, 2010 | 3,475                              |                          |                                                                      |                                                               | 31.48 |   |   | 3,475 |   |   | 1,462,018 |   |   |
| March 1 toMarch 31, 2010       | 124,034                            |                          |                                                                      |                                                               | 33.31 |   |   | 124,034 |   |   | 1,337,984 |   |   |
| Total                          | 151,062                            |                          |                                                                      |                                                               | 33.31 |   |   | 151,062 |   |   | 1,337,984 |   |   |

----

| Item 6. | Exhibits |
|---------|----------|
|    |     |   |   |
|    | 10.1     |   | Amendment No. 12 to Receivables Purchases Agreement dated as of March 30, 2010, among Meredith Funding Corporation, as Seller; Meredith Corporation, as Servicer; JPMorgan Chase Bank, N.A., as Financial Institution and Agent; and Falcon Asset Securitization Company LLC, as Purchaser. |
|    |     |   |   |
|    | 31.1     |   | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended. |
|    |     |   |   |
|    | 31.2     |   | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended. |
|    |     |   |   |
|    | 32       |   | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

----

| SIGNATURE                                                                                                                                                                                 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                      |   |   |
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |

|   |                                         |   |
|--------|----------------------------------------------|--------|
|   | MEREDITH CORPORATION                         |   |
|   | Registrant                                   |   |
|   |                                         |   |
|   | /s/ Joseph H. Ceryanec                       |   |
|   | Joseph H. Ceryanec                           |   |
|   | Vice President - Chief Financial Officer     |   |
|   | (Principal Financial and Accounting Officer) |   |

| Date:  April 28, 2010 |
|-----------------------|

----

| ExhibitNumber | Item   |
|---------------|--------|
|          |   |   |
|          | 10.1   | Amendment No. 12 to Receivables Purchases Agreement dated as of March 30, 2010, among Meredith Funding Corporation, as Seller; Meredith Corporation, as Servicer; JPMorgan Chase Bank, N.A., as Financial Institution and Agent; and Falcon Asset Securitization Company LLC, as Purchaser. |
|          |   |   |
|          | 31.1   | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended. |
|          |   |   |
|          | 31.2   | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended. |
|          |   |   |
|          | 32     | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |