Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered through multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities and business-to-business marketing products and services. The Company�s local media segment consists of the operations of network-affiliated television stations, related digital and mobile media, and video creation. Local media segment consists of 17 owned television stations and one operated television station located across the United States in digital and mobile media, and a national video creation unit.