Meredith Ups Lacy To CEO
January 31, 2006 at 6:50 AM (PT)
MEREDITH CORP. is upping Pres./COO STEPHEN LACY to CEO effective JULY 1, replacing WILLIAM T. KERR, who will remain on the company's board as non-executive chairman. MEREDITH owns TV and publishing interests as well as one radio station, Talk WNEM-A/SAGINAW.
The company also increased its regular quarterly dividend 14% to 16 cents/share, payable MARCH 15 to shareholders of record as of FEBRUARY 18. MEREDITH has paid a dividend for 59 straight years and has increased the dividend for 13 straight years.