Hawkeye Acquisition (MDP) 10-Q 23 Oct 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014
Document Information [Line Items]	'
Entity Registrant Name	'MEREDITH CORP
Entity Central Index Key	'0000065011
Document Type	'10-Q
Document Period End Date	30-Sep-14
Amendment Flag	'false
Document Fiscal Year Focus	'2015
Document Fiscal Period Focus	'Q1
Current Fiscal Year End Date	'--06-30
Entity Current Reporting Status	'Yes
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	44,450,532
Company Common Stock [Member]	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	37,157,112
Class B Shares [Member]	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	7,293,420

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$30,337	$36,587
Accounts receivable, net	263,624	257,644
Inventories	22,220	24,008
Current portion of subscription acquisition costs	92,789	96,893
Current portion of broadcast rights	14,333	4,551
Assets held for sale	32,900	32,900
Other current assets	19,821	17,429
Total current assets	476,024	470,012
Property, plant, and equipment	502,287	501,216
Less accumulated depreciation	-304,548	-296,168
Net property, plant, and equipment	197,739	205,048
Subscription acquisition costs	104,739	101,533
Broadcast rights	3,052	3,114
Other assets	87,408	86,935
Intangible assets, net	832,868	835,531
Goodwill	840,760	841,627
Total assets	2,542,590	2,543,800
Current liabilities	'	'
Current portion of long-term debt	62,500	87,500
Current portion of long-term broadcast rights payable	14,315	4,511
Accounts payable	77,285	81,402
Accrued expenses and other liabilities	116,701	136,047
Current portion of unearned subscription revenues	165,448	173,643
Total current liabilities	436,249	483,103
Long-term debt	659,375	627,500
Long-term broadcast rights payable	4,440	4,327
Unearned subscription revenues	151,684	151,533
Deferred income taxes	284,159	277,477
Other noncurrent liabilities	105,484	108,208
Total liabilities	1,641,391	1,652,148
Shareholders' equity	'	'
Additional paid-in capital	40,665	41,884
Retained earnings	824,022	814,050
Accumulated other comprehensive loss	-7,939	-8,758
Total shareholders' equity	901,199	891,652
Total liabilities and shareholders' equity	2,542,590	2,543,800
Preferred Stock [Member]	'	'
Shareholders' equity	'	'
Series preferred stock	0	0
Common Stock [Member]	'	'
Shareholders' equity	'	'
Common stock	37,157	36,776
Common Class B [Member]	'	'
Shareholders' equity	'	'
Common stock	$7,294	$7,700

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Earnings (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Revenues	'	'
Advertising	$218,031	$198,547
Circulation	65,885	75,734
All other	87,268	82,171
Total revenues	371,184	356,452
Operating expenses	'	'
Production, distribution, and editorial	141,887	140,777
Selling, general, and administrative	163,676	161,072
Depreciation and amortization	12,769	11,795
Total operating expenses	318,332	313,644
Income from operations	52,852	42,808
Interest expense, net	-4,242	-2,713
Earnings before income taxes	48,610	40,095
Income taxes	-19,245	-16,054
Net earnings	$29,365	$24,041
Basic earnings per share	'	'
Basic earnings per share	$0.66	$0.54
Basic average shares outstanding	44,459	44,648
Diluted earnings per share	'	'
Diluted earnings per share	$0.65	$0.53
Diluted average shares outstanding	45,157	45,432
Dividends paid per share	$0.43	$0.41

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net earnings	$29,365	$24,041
Other comprehensive income, net of income taxes	'	'
Pension and other postretirement benefit plans activity	42	390
Unrealized gain on interest rate swaps	777	0
Other comprehensive income, net of income taxes	819	390
Comprehensive income	$30,184	$24,431

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Common Class B [Member]	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
In Thousands, except Per Share data, unless otherwise specified					Common Class B [Member]			Common Stock [Member]	Common Class B [Member]
Balance at Jun. 30, 2014	$891,652	'	'	$36,776	$7,700	$41,884	$814,050	'	'	($8,758)
Common Stock, Par or Stated Value Per Share	'	'	'	$1	$1	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'	'	'	'
Net earnings	29,365	'	'	'	'	'	29,365	'	'	'
Other comprehensive income, net of income taxes	819	'	'	'	'	'	'	'	'	819
Share-based incentive plan transactions	10,088	'	'	340	'	9,748	'	'	'	'
Purchases of Company stock	-17,012	'	'	-365	0	-16,647	0	'	'	'
Share-based compensation	4,646	'	'	'	'	4,646	'	'	'	'
Conversion of Class B to common stock	0	'	'	406	-406	'	'	'	'	'
Dividends paid	'	-16,236	-3,157	'	'	'	'	-16,236	-3,157	'
Tax benefit from share-based awards	1,034	'	'	'	'	1,034	'	'	'	'
Balance at Sep. 30, 2014	$901,199	'	'	$37,157	$7,294	$40,665	$824,022	'	'	($7,939)

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities	'	'
Net earnings	$29,365	$24,041
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities	'	'
Depreciation	9,239	8,423
Amortization	3,530	3,372
Share-based compensation	4,646	4,244
Deferred income taxes	7,326	8,746
Amortization of broadcast rights	4,106	2,245
Payments for broadcast rights	-3,906	-2,930
Excess tax benefits from share-based payments	-3,982	-3,063
Changes in assets and liabilities	-39,178	-51,506
Net cash provided by (used in) operating activities	11,146	-6,428
Cash flows from investing activities	'	'
Acquisitions of and investments in businesses	0	-750
Additions to property, plant, and equipment	-1,936	-3,786
Net cash used in investing activities	-1,936	-4,536
Cash flows from financing activities	'	'
Proceeds from issuance of long-term debt	45,000	91,000
Repayments of long-term debt	-38,125	-71,000
Dividends paid	-19,393	-18,314
Purchases of Company stock	-17,012	-48,959
Proceeds from common stock issued	10,088	43,868
Excess tax benefits from share-based payments	3,982	3,063
Net cash used in financing activities	-15,460	-342
Net decrease in cash and cash equivalents	-6,250	-11,306
Cash and cash equivalents, at beginning of period	36,587	27,674
Cash and cash equivalents, at end of period	$30,337	$16,368

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies [Text Block]	'
	Summary of Significant Accounting Policies
	Basis of Presentation—The condensed consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries (Meredith or the Company), after eliminating all significant intercompany balances and transactions. Meredith does not have any off-balance sheet arrangements. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's condensed consolidated financial statements.
	The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements, which are included in Meredith's Annual Report on Form 10‑K for the year ended June 30, 2014, filed with the SEC.
	The condensed consolidated financial statements as of September 30, 2014, and for the three months ended September 30, 2014 and 2013, are unaudited but, in management's opinion, include all normal, recurring adjustments necessary for a fair presentation of the results of interim periods. The year-end condensed consolidated balance sheet data as of June 30, 2014, were derived from audited financial statements, but do not include all disclosures required by GAAP. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire fiscal year.
	Derivative Financial Instruments—Meredith does not engage in derivative or hedging activities, except to hedge interest rate risk on debt as described in Note 6. Fundamental to our approach to risk management is the desire to minimize exposure to volatility in interest costs of variable rate debt, which can impact our earnings and cash flows. In the first quarter of fiscal 2015, we entered into interest rate swap agreements with counterparties that are major financial institutions. These agreements effectively fix the variable rate cash flow on $200 million of a combination of our variable-rate private placement senior notes and bank term loan. We designated and accounted for the interest rate swaps as cash flow hedges in accordance with Accounting Standards Codification 815, Derivatives and Hedging. The effective portion of the change in the fair value of interest rate swaps is reported in other comprehensive income (loss). The gain or loss included in other comprehensive income (loss) is subsequently reclassified into net earnings on the same line in the Condensed Consolidated Statements of Earnings as the hedged item in the same period that the hedge transaction affects net earnings. The ineffective portion of a change in fair value of the interest rate swaps would be reported in interest expense. During the first quarter of fiscal 2015, the interest rate swap agreements were considered effective hedges and there were no gains or losses recognized in earnings for hedge ineffectiveness.
	Adopted Accounting Pronouncements—In July 2013, the FASB issued guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of uncertain tax positions. Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. The guidance was effective for the Company in the first quarter of fiscal 2015. The adoption of this guidance did not have an impact on our results of operations or cash flows and we have updated our presentation of unrecognized tax benefits net of our deferred tax assets where applicable on our Condensed Consolidated Balance Sheets.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions [Text Block]	'
	Acquisitions
	Effective February 28, 2014, Meredith acquired KMOV. The results of KMOV's operations have been included in the consolidated financial statements since that date. During the first quarter of fiscal 2015, the provisional amounts recorded to the network affiliation agreements intangible asset were increased $1.0 million, other intangibles were decreased $0.1 million, and a corresponding decrease of $0.9 million was recorded to goodwill based on an updated final valuation report.
	Effective June 19, 2014, Meredith acquired KTVK and an interest in the assets of KASW. The results of KTVK's operations have been included in the consolidated financial statements since that date. As part of the FCC approval of the transaction, Meredith is required to sell its interest in the KASW assets. Accordingly, this interest is shown on the Consolidated Balance Sheet as assets held for sale. The Company is in the process of obtaining a third-party valuation of intangible assets; thus, the provisional measurements of intangible assets, goodwill, and deferred income tax balances are subject to change.

Inventories

Inventories	3 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories [Text Block]	'
	Inventories
	Major components of inventories are summarized below. Of total net inventory values shown, 53 percent are under the last-in first-out (LIFO) method at September 30, 2014, and 49 percent at June 30, 2014.
	(In thousands)	September 30,				June 30,
		2014				2014
	Raw materials		$	10,328		$	11,993
	Work in process		13,036			13,398
	Finished goods		3,053			2,814
			26,417			28,205
	Reserve for LIFO cost valuation		(4,197		)	(4,197		)
	Inventories		$	22,220		$	24,008

Intangible_Assets_and_Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible Assets and Goodwill [Text Block]	'
	Intangible Assets and Goodwill
	Intangible assets consist of the following:
		September 30, 2014								June 30, 2014
	(In thousands)	Gross		Accumulated			Net			Gross			Accumulated			Net
		Amount		Amortization			Amount			Amount			Amortization			Amount
	Intangible assets
	subject to amortization
	National media
	Advertiser relationships	$	7,129	$	(4,772	)	$	2,357		$	8,752		$	(6,069	)	$	2,683
	Customer lists	6,070		(5,013		)	1,057			16,257			(14,852		)	1,405
	Other	16,325		(5,383		)	10,942			17,105			(5,608		)	11,497
	Local media
	Network affiliation agreements	229,309		(124,542		)	104,767			228,314			(122,888		)	105,426
	Other	16,605		(835		)	15,770			16,733			(188		)	16,545
	Total	$	275,438	$	(140,545	)	134,893			$	287,161		$	(149,605	)	137,556
	Intangible assets not
	subject to amortization
	National media
	Internet domain names						1,827									1,827
	Trademarks						148,889									148,889
	Local media
	FCC licenses						547,259									547,259
	Total						697,975									697,975
	Intangible assets, net						$	832,868								$	835,531
	Amortization expense was $3.5 million for the three months ended September 30, 2014. Annual amortization expense for intangible assets is expected to be as follows: $13.7 million in fiscal 2015, $12.0 million in fiscal 2016, $10.7 million in fiscal 2017, $10.3 million in fiscal 2018, and $10.3 million in fiscal 2019.
	Changes in the carrying amount of goodwill were as follows:
	Three months ended September 30,	2014								2013
	(In thousands)	National		Local			Total			National			Local			Total
		Media		Media						Media			Media
	Balance at beginning of period	$	789,038	$	52,589		$	841,627		$	788,854		$	—		$	788,854
	Acquisitions	—		(867		)	(867		)	(68		)	—			(68		)
	Balance at end of period	$	789,038	$	51,722		$	840,760		$	788,786		$	—		$	788,786

Restructuring_Accrual

Restructuring Accrual	3 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring Accrual [Text Block]	'
	Restructuring Accrual
	Details of changes in the Company's restructuring accrual are as follows:
	Three months ended September 30,	2014			2013
	(In thousands)
	Balance at beginning of period	$	13,545		$	8,103
	Cash payments	(4,986		)	(1,402		)
	Balance at end of period	$	8,559		$	6,701

Longterm_Debt

Long-term Debt	3 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	Long-term Debt
	Long-term debt consists of the following:
	(In thousands)	September 30,				June 30,
		2014				2014
	Variable-rate credit facilities
	Asset-backed bank facility of $100 million, due 4/24/2015		$	70,000		$	70,000
	Revolving credit facility of $200 million, due 3/27/2019		55,000			20,000
	Term loan of $250 million, due 3/27/2019		246,875			250,000
	Private placement notes
	7.19% senior notes, due 7/13/2014		—			25,000
	2.62% senior notes, due 3/1/2015		50,000			50,000
	3.04% senior notes, due 3/1/2016		50,000			50,000
	3.04% senior notes, due 3/1/2017		50,000			50,000
	3.04% senior notes, due 3/1/2018		50,000			50,000
	Floating rate senior notes, due 2/28/2024		150,000			150,000
	Total long-term debt		721,875			715,000
	Current portion of long-term debt		(62,500		)	(87,500		)
	Long-term debt		$	659,375		$	627,500
	In connection with the asset-backed bank facility, Meredith entered into a revolving agreement to sell all of its rights, title, and interest in the majority of its accounts receivable related to advertising and miscellaneous revenues to Meredith Funding Corporation, a special-purpose entity established to purchase accounts receivable from Meredith. At September 30, 2014, $156.8 million of accounts receivable net of reserves was outstanding under the agreement. Meredith Funding Corporation in turn may sell receivable interests to a major national bank. In consideration of the sale, Meredith receives cash and a subordinated note, bearing interest at the prime rate, 3.25 percent at September 30, 2014, from Meredith Funding Corporation. The agreement is structured as a true sale under which the creditors of Meredith Funding Corporation will be entitled to be satisfied out of the assets of Meredith Funding Corporation prior to any value being returned to Meredith or its creditors. The accounts of Meredith Funding Corporation are fully consolidated in Meredith's condensed consolidated financial statements.
	During the first quarter of fiscal 2015, the Company entered into interest rate swap agreements to hedge variable interest rate risk on the $150 million floating-rate senior notes and on $50 million of the term loan. The expiration of the swaps is as follows: $50 million in August 2018 and $150 million in August 2019. Under the swaps the Company will pay fixed rates of interest (1.36 percent on the swap maturing in August 2018 and 1.76 percent on the swaps maturing in August 2019) and receive variable rates of interest based on the one to three-month London Interbank Offered Rate (LIBOR) (0.15 percent on the swap maturing in August 2018 and 0.23 percent on the swaps maturing in August 2019 at September 30, 2014) on the $200 million notional amount of indebtedness. The swaps are designated as cash flow hedges. The Company evaluates the effectiveness of the hedging relationships on an ongoing basis by recalculating changes in fair value of the derivatives and related hedged items independently.
	Unrealized gains or losses on cash flow hedges are recorded in other comprehensive loss to the extent the cash flow hedges are effective. The amount of the swap that offsets the effects of interest rate changes on the related debt is subsequently reclassified into interest expense. Any ineffective portions on cash flow hedges are recorded in interest expense. No material ineffectiveness existed at September 30, 2014.
	The fair value of the interest rate swap agreements is the estimated amount the Company would pay or receive to terminate the swap agreements. At September 30, 2014, the swaps had a fair value to the Company of $1.3 million. The Company is exposed to credit-related losses in the event of nonperformance by counterparties to the swap agreements. This exposure is managed through diversification and the monitoring of the creditworthiness of the counterparties. The maximum amount of loss that the Company would incur on the interest rate swaps if the counterparties were to fail to meet their obligations under the agreements was $1.3 million at September 30, 2014. Given the strong creditworthiness of the counterparties, management does not expect any of them to fail to meet their obligations. Additionally, the concentration of risk with any individual counterparty is not considered significant at September 30, 2014.
	Meredith guaranteed $12.5 million of debt of an unrelated third party in connection with the unrelated third party's purchase of title to the assets of KASW. This debt is expected to be repaid upon the sale of this station in fiscal 2015, at which time the guarantee will be released. The Company believes the likelihood of the guarantee being called is remote.

Pension_and_Postretirement_Ben

Pension and Postretirement Benefit Plans	3 Months Ended
	Sep. 30, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]	'
Pension and Postretirement Benefit Plans [Text Block]	'
	Pension and Postretirement Benefit Plans
	The following table presents the components of net periodic benefit costs:
	Three months ended September 30,	2014			2013
	(In thousands)
	Pension benefits
	Service cost	$	3,043		$	2,538
	Interest cost	1,396			1,398
	Expected return on plan assets	(2,759		)	(2,422		)
	Prior service cost amortization	56			81
	Actuarial loss amortization	169			511
	Net periodic benefit costs	$	1,905		$	2,106
	Postretirement benefits
	Service cost	$	29		$	65
	Interest cost	102			131
	Prior service cost amortization	(108		)	(125		)
	Actuarial gain amortization	(108		)	(61		)
	Curtailment credit	—			(1,511		)
	Net periodic benefit	$	(85	)	$	(1,501	)
	The amortization of amounts related to unrecognized prior service costs and net actuarial loss were reclassified out of other comprehensive income as components of net periodic benefit costs.
	The curtailment credit was triggered by a change in the postretirement benefit plan to no longer subsidize retiree medical coverage and life insurance for non-vested future non-union retirees.

Earnings_per_Share

Earnings per Share	3 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings per Share [Text Block]	'
	Earnings per Share
	The following table presents the calculations of earnings per share:
	Three months ended September 30,	2014		2013
	(In thousands except per share data)
	Net earnings	$	29,365	$	24,041
	Basic average shares outstanding	44,459		44,648
	Dilutive effect of stock options and equivalents	698		784
	Diluted average shares outstanding	45,157		45,432
	Earnings per share
	Basic earnings per share	$	0.66	$	0.54
	Diluted earnings per share	0.65		0.53
	For the three months ended September 30, 2014 and 2013, antidilutive options excluded from the above calculations totaled 1.7 million (with a weighted average exercise price of $50.06) and 1.7 million (with a weighted average exercise price of $50.70), respectively.
	In the three months ended September 30, 2014 and 2013, options were exercised to purchase 0.3 million and 1.0 million common shares, respectively.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements [Text Block]	'
	Fair Value Measurements
	We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition.
	The fair value hierarchy consists of three broad levels of inputs that may be used to measure fair value, which are described below:
	•	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.
	The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments:
		September 30, 2014					June 30, 2014
	(In thousands)	Carrying Value		Fair Value			Carrying Value		Fair Value
	Broadcast rights payable	$	18,755	$	18,186		$	8,838	$	8,408
	Long-term debt	721,875		724,193			715,000		717,032
	The fair value of broadcast rights payable was determined using the present value of expected future cash flows discounted at the Company's current borrowing rate with inputs included in Level 3. The fair value of long-term debt was determined using the present value of expected future cash flows using borrowing rates currently available for debt with similar terms and maturities with inputs included in Level 2.
	The following table sets forth the asset measured at fair value on a recurring basis:
	(In thousands)	September 30, 2014			June 30,
					2014
	Other assets
	Interest rate swaps	$	1,262		$	—
	The fair value of interest rate swaps is determined based on discounted cash flows derived using market observable inputs including swap curves that are included in Level 2.

Financial_Information_about_In

Financial Information about Industry Segments	3 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Financial Information about Industry Segments [Text Block]	'
	Financial Information about Industry Segments
	Meredith is a diversified media company focused primarily on the home and family marketplace. On the basis of products and services, the Company has established two reportable segments: national media and local media. There have been no changes in the basis of segmentation since June 30, 2014. There are no material intersegment transactions.
	There are two principal financial measures reported to the chief executive officer for use in assessing segment performance and allocating resources. Those measures are operating profit and earnings from continuing operations before interest, taxes, depreciation, and amortization (EBITDA). Operating profit for segment reporting, disclosed below, is revenues less operating costs excluding unallocated corporate expenses. Segment operating expenses include allocations of certain centrally incurred costs such as employee benefits, occupancy, information systems, accounting services, internal legal staff, and human resources administration. These costs are allocated based on actual usage or other appropriate methods, primarily number of employees. Unallocated corporate expenses are corporate overhead expenses not directly attributable to the operating groups. In accordance with authoritative guidance on disclosures about segments of an enterprise and related information, EBITDA is not presented below.
	The following table presents financial information by segment:
	Three months ended September 30,	2014			2013
	(In thousands)
	Revenues
	National media	$	246,326		$	266,899
	Local media	124,858			89,553
	Total revenues	$	371,184		$	356,452
	Segment profit
	National media	$	28,895		$	28,076
	Local media	36,312			25,676
	Unallocated corporate	(12,355		)	(10,944		)
	Income from operations	52,852			42,808
	Interest expense, net	(4,242		)	(2,713		)
	Earnings before income taxes	$	48,610		$	40,095
	Depreciation and amortization
	National media	$	3,625		$	4,950
	Local media	8,715			6,433
	Unallocated corporate	429			412
	Total depreciation and amortization	$	12,769		$	11,795

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation [Policy Text Block]	'
	The condensed consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries (Meredith or the Company), after eliminating all significant intercompany balances and transactions. Meredith does not have any off-balance sheet arrangements. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's condensed consolidated financial statements.
Basis of Accounting [Policy Text Block]	'
	The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements, which are included in Meredith's Annual Report on Form 10‑K for the year ended June 30, 2014, filed with the SEC.
Derivative Financial Instruments [Policy Text Block]	'
	Meredith does not engage in derivative or hedging activities, except to hedge interest rate risk on debt as described in Note 6. Fundamental to our approach to risk management is the desire to minimize exposure to volatility in interest costs of variable rate debt, which can impact our earnings and cash flows. In the first quarter of fiscal 2015, we entered into interest rate swap agreements with counterparties that are major financial institutions. These agreements effectively fix the variable rate cash flow on $200 million of a combination of our variable-rate private placement senior notes and bank term loan. We designated and accounted for the interest rate swaps as cash flow hedges in accordance with Accounting Standards Codification 815, Derivatives and Hedging. The effective portion of the change in the fair value of interest rate swaps is reported in other comprehensive income (loss). The gain or loss included in other comprehensive income (loss) is subsequently reclassified into net earnings on the same line in the Condensed Consolidated Statements of Earnings as the hedged item in the same period that the hedge transaction affects net earnings. The ineffective portion of a change in fair value of the interest rate swaps would be reported in interest expense. During the first quarter of fiscal 2015, the interest rate swap agreements were considered effective hedges and there were no gains or losses recognized in earnings for hedge ineffectiveness.
Adopted Accounting Pronouncements [Policy Text Block]	'
	In July 2013, the FASB issued guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of uncertain tax positions. Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. The guidance was effective for the Company in the first quarter of fiscal 2015. The adoption of this guidance did not have an impact on our results of operations or cash flows and we have updated our presentation of unrecognized tax benefits net of our deferred tax assets where applicable on our Condensed Consolidated Balance Sheets.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	Major components of inventories are summarized below. Of total net inventory values shown, 53 percent are under the last-in first-out (LIFO) method at September 30, 2014, and 49 percent at June 30, 2014.
	(In thousands)	September 30,				June 30,
		2014				2014
	Raw materials		$	10,328		$	11,993
	Work in process		13,036			13,398
	Finished goods		3,053			2,814
			26,417			28,205
	Reserve for LIFO cost valuation		(4,197		)	(4,197		)
	Inventories		$	22,220		$	24,008

Intangible_Assets_and_Goodwill1

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Finite And Indefinite Lived Intangible Assets By Major Class [Table Text Block]	'
	Intangible assets consist of the following:
		September 30, 2014								June 30, 2014
	(In thousands)	Gross		Accumulated			Net			Gross			Accumulated			Net
		Amount		Amortization			Amount			Amount			Amortization			Amount
	Intangible assets
	subject to amortization
	National media
	Advertiser relationships	$	7,129	$	(4,772	)	$	2,357		$	8,752		$	(6,069	)	$	2,683
	Customer lists	6,070		(5,013		)	1,057			16,257			(14,852		)	1,405
	Other	16,325		(5,383		)	10,942			17,105			(5,608		)	11,497
	Local media
	Network affiliation agreements	229,309		(124,542		)	104,767			228,314			(122,888		)	105,426
	Other	16,605		(835		)	15,770			16,733			(188		)	16,545
	Total	$	275,438	$	(140,545	)	134,893			$	287,161		$	(149,605	)	137,556
	Intangible assets not
	subject to amortization
	National media
	Internet domain names						1,827									1,827
	Trademarks						148,889									148,889
	Local media
	FCC licenses						547,259									547,259
	Total						697,975									697,975
	Intangible assets, net						$	832,868								$	835,531
Schedule of Goodwill [Table Text Block]	'
	Changes in the carrying amount of goodwill were as follows:
	Three months ended September 30,	2014								2013
	(In thousands)	National		Local			Total			National			Local			Total
		Media		Media						Media			Media
	Balance at beginning of period	$	789,038	$	52,589		$	841,627		$	788,854		$	—		$	788,854
	Acquisitions	—		(867		)	(867		)	(68		)	—			(68		)
	Balance at end of period	$	789,038	$	51,722		$	840,760		$	788,786		$	—		$	788,786

Restructuring_Accrual_Tables

Restructuring Accrual (Tables)	3 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring and Related Costs [Table Text Block]	'
	Details of changes in the Company's restructuring accrual are as follows:
	Three months ended September 30,	2014			2013
	(In thousands)
	Balance at beginning of period	$	13,545		$	8,103
	Cash payments	(4,986		)	(1,402		)
	Balance at end of period	$	8,559		$	6,701

Longterm_Debt_Tables

Long-term Debt (Tables)	3 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	Long-term debt consists of the following:
	(In thousands)	September 30,				June 30,
		2014				2014
	Variable-rate credit facilities
	Asset-backed bank facility of $100 million, due 4/24/2015		$	70,000		$	70,000
	Revolving credit facility of $200 million, due 3/27/2019		55,000			20,000
	Term loan of $250 million, due 3/27/2019		246,875			250,000
	Private placement notes
	7.19% senior notes, due 7/13/2014		—			25,000
	2.62% senior notes, due 3/1/2015		50,000			50,000
	3.04% senior notes, due 3/1/2016		50,000			50,000
	3.04% senior notes, due 3/1/2017		50,000			50,000
	3.04% senior notes, due 3/1/2018		50,000			50,000
	Floating rate senior notes, due 2/28/2024		150,000			150,000
	Total long-term debt		721,875			715,000
	Current portion of long-term debt		(62,500		)	(87,500		)
	Long-term debt		$	659,375		$	627,500

Pension_and_Postretirement_Ben1

Pension and Postretirement Benefit Plans (Tables)	3 Months Ended
	Sep. 30, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
	The following table presents the components of net periodic benefit costs:
	Three months ended September 30,	2014			2013
	(In thousands)
	Pension benefits
	Service cost	$	3,043		$	2,538
	Interest cost	1,396			1,398
	Expected return on plan assets	(2,759		)	(2,422		)
	Prior service cost amortization	56			81
	Actuarial loss amortization	169			511
	Net periodic benefit costs	$	1,905		$	2,106
	Postretirement benefits
	Service cost	$	29		$	65
	Interest cost	102			131
	Prior service cost amortization	(108		)	(125		)
	Actuarial gain amortization	(108		)	(61		)
	Curtailment credit	—			(1,511		)
	Net periodic benefit	$	(85	)	$	(1,501	)

Earnings_per_Share_Tables

Earnings per Share (Tables)	3 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table presents the calculations of earnings per share:
	Three months ended September 30,	2014		2013
	(In thousands except per share data)
	Net earnings	$	29,365	$	24,041
	Basic average shares outstanding	44,459		44,648
	Dilutive effect of stock options and equivalents	698		784
	Diluted average shares outstanding	45,157		45,432
	Earnings per share
	Basic earnings per share	$	0.66	$	0.54
	Diluted earnings per share	0.65		0.53

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	'
	The following table sets forth the asset measured at fair value on a recurring basis:
	(In thousands)	September 30, 2014			June 30,
					2014
	Other assets
	Interest rate swaps	$	1,262		$	—
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments:
		September 30, 2014					June 30, 2014
	(In thousands)	Carrying Value		Fair Value			Carrying Value		Fair Value
	Broadcast rights payable	$	18,755	$	18,186		$	8,838	$	8,408
	Long-term debt	721,875		724,193			715,000		717,032

Financial_Information_about_In1

Financial Information about Industry Segments (Tables)	3 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The following table presents financial information by segment:
	Three months ended September 30,	2014			2013
	(In thousands)
	Revenues
	National media	$	246,326		$	266,899
	Local media	124,858			89,553
	Total revenues	$	371,184		$	356,452
	Segment profit
	National media	$	28,895		$	28,076
	Local media	36,312			25,676
	Unallocated corporate	(12,355		)	(10,944		)
	Income from operations	52,852			42,808
	Interest expense, net	(4,242		)	(2,713		)
	Earnings before income taxes	$	48,610		$	40,095
	Depreciation and amortization
	National media	$	3,625		$	4,950
	Local media	8,715			6,433
	Unallocated corporate	429			412
	Total depreciation and amortization	$	12,769		$	11,795

Summary_of_Significant_Account2

Summary of Significant Accounting Policies Derivative (Details) (Cash Flow Hedging [Member], Interest Rate Swap [Member], USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Cash Flow Hedging [Member] | Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	$200

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Business Acquisition [Line Items]	'	'
Goodwill, Acquisitions, Period Increase (Decrease)	($867,000)	($68,000)
Local Media [Member]	'	'
Business Acquisition [Line Items]	'	'
Goodwill, Acquisitions, Period Increase (Decrease)	-867,000	0
Local Media [Member] | Network Affiliation Agreements [Member] | KMOV [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangibles, provisional amount adjustment	1,000,000	'
Local Media [Member] | Other Intangible Assets [Member] | KMOV [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangibles, provisional amount adjustment	($100,000)	'

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Percentage of LIFO Inventory	53.00%	49.00%
Raw materials	$10,328	$11,993
Work in process	13,036	13,398
Finished goods	3,053	2,814
Subtotal	26,417	28,205
Reserve for LIFO cost valuation	-4,197	-4,197
Inventories	$22,220	$24,008

Intangible_Assets_and_Goodwill2

Intangible Assets and Goodwill - Intangible (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	$275,438,000	'	$287,161,000
Intangible assets subject to amortization, accumulated amortization	-140,545,000	'	-149,605,000
Intangible assets subject to amortization, net amount	134,893,000	'	137,556,000
Intangible assets not subject to amortization	697,975,000	'	697,975,000
Intangible assets, net	832,868,000	'	835,531,000
Amortization of Intangible Assets	3,530,000	3,372,000	'
Future amortization expense for intangible assets [Abstract]	'	'	'
Future amortization expense, fiscal 2015	13,700,000	'	'
Future amortization expense, fiscal 2016	12,000,000	'	'
Future amortization expense, fiscal 2017	10,700,000	'	'
Future amortization expense, fiscal 2018	10,300,000	'	'
Future amortization expense, fiscal 2019	10,300,000	'	'
National Media [Member] | Internet Domain Names [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets not subject to amortization	1,827,000	'	1,827,000
National Media [Member] | Trademarks [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets not subject to amortization	148,889,000	'	148,889,000
National Media [Member] | Advertiser Relationships [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	7,129,000	'	8,752,000
Intangible assets subject to amortization, accumulated amortization	-4,772,000	'	-6,069,000
Intangible assets subject to amortization, net amount	2,357,000	'	2,683,000
National Media [Member] | Customer Lists [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	6,070,000	'	16,257,000
Intangible assets subject to amortization, accumulated amortization	-5,013,000	'	-14,852,000
Intangible assets subject to amortization, net amount	1,057,000	'	1,405,000
National Media [Member] | Other Intangible Assets [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	16,325,000	'	17,105,000
Intangible assets subject to amortization, accumulated amortization	-5,383,000	'	-5,608,000
Intangible assets subject to amortization, net amount	10,942,000	'	11,497,000
Local Media [Member] | FCC Licenses [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets not subject to amortization	547,259,000	'	547,259,000
Local Media [Member] | Other Intangible Assets [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	16,605,000	'	16,733,000
Intangible assets subject to amortization, accumulated amortization	-835,000	'	-188,000
Intangible assets subject to amortization, net amount	15,770,000	'	16,545,000
Local Media [Member] | Network Affiliation Agreements [Member]	'	'	'
Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]	'	'	'
Intangible assets subject to amortization, gross amount	229,309,000	'	228,314,000
Intangible assets subject to amortization, accumulated amortization	-124,542,000	'	-122,888,000
Intangible assets subject to amortization, net amount	$104,767,000	'	$105,426,000

Intangible_Assets_and_Goodwill3

Intangible Assets and Goodwill - Goodwill (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Goodwill [Roll Forward]	'	'
Balance at beginning of period	$841,627	$788,854
Acquisitions	-867	-68
Balance at end of period	840,760	788,786
National Media [Member]	'	'
Goodwill [Roll Forward]	'	'
Balance at beginning of period	789,038	788,854
Acquisitions	0	-68
Balance at end of period	789,038	788,786
Local Media [Member]	'	'
Goodwill [Roll Forward]	'	'
Balance at beginning of period	52,589	0
Acquisitions	-867	0
Balance at end of period	$51,722	$0

Restructuring_Accrual_Details

Restructuring Accrual (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Changes in restructuring accrual [Roll Forward]	'	'
Balance at beginning of period	$13,545	$8,103
Cash payments	-4,986	-1,402
Balance at end of period	$8,559	$6,701

Longterm_Debt_Details

Long-term Debt (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Debt Instrument [Line Items]	'	'
Total long-term debt	$721,875,000	$715,000,000
Current portion of long-term debt	-62,500,000	-87,500,000
Long-term debt	659,375,000	627,500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	3.25%	'
Line of Credit [Member] | Asset Backed Bank Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	70,000,000	70,000,000
Line of credit facility, maximum borrowing capacity	100,000,000	'
Accounts receivable outstanding under the revolving agreement	156,800,000	'
Line of Credit [Member] | Revolving Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	55,000,000	20,000,000
Line of credit facility, maximum borrowing capacity	200,000,000	'
Term Loan Facility [Member] | Term Loan Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	246,875,000	250,000,000
Line of credit facility, maximum borrowing capacity	250,000,000	'
Senior Notes [Member] | Senior Notes Due 2014 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	0	25,000,000
Debt Instrument, Interest Rate, Stated Percentage	7.19%	'
Senior Notes [Member] | Senior Notes Due 2015 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.62%	'
Senior Notes [Member] | Senior Notes Due 2016 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	'
Senior Notes [Member] | Senior Notes Due 2017 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	'
Senior Notes [Member] | Senior Notes Due 2018 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	'
Senior Notes [Member] | Senior Notes Due 2024 [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long-term debt	150,000,000	150,000,000
KASW [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt Guarantee, Maximum Exposure, Undiscounted	$12,500,000	'

Longterm_Debt_Derivative_Detai

Long-term Debt Derivative (Details) (Cash Flow Hedging [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	$200
Derivative, Notional Amount	200
Cash Flow Hedge Ineffectiveness is Immaterial	'0
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	1.3
Maximum loss on counterparties failure to meet obligations	1.3
Interest Rate Swap Expiring August 2018 [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	50
Derivative, Fixed Interest Rate	1.36%
Derivative, Variable Interest Rate	0.15%
Interest Rate Swap Expiring August 2019 [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	150
Derivative, Fixed Interest Rate	1.76%
Derivative, Variable Interest Rate	0.23%
Senior Notes Due 2024 [Member] | Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	150
Term Loan Facility [Member] | Interest Rate Swap [Member]	'
Derivative [Line Items]	'
Derivative, Amount of Hedged Item	$50

Pension_and_Postretirement_Ben2

Pension and Postretirement Benefit Plans (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Pension Plans [Member]	'	'
Components of Net Periodic Benefit Costs [Abstract]	'	'
Service cost	$3,043	$2,538
Interest cost	1,396	1,398
Expected return on plan assets	-2,759	-2,422
Prior service cost amortization	56	81
Actuarial loss (gain) amortization	169	511
Net periodic benefit	1,905	2,106
Postretirement Benefit Plans [Member]	'	'
Components of Net Periodic Benefit Costs [Abstract]	'	'
Service cost	29	65
Interest cost	102	131
Prior service cost amortization	-108	-125
Actuarial loss (gain) amortization	-108	-61
Curtailment credit	0	-1,511
Net periodic benefit	($85)	($1,501)

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'
Net earnings	$29,365	$24,041
Basic average shares outstanding	44,459,000	44,648,000
Dilutive effect of stock options and equivalents	698,000	784,000
Diluted average shares outstanding	45,157,000	45,432,000
Earnings per share	'	'
Basic earnings per share	$0.66	$0.54
Diluted earnings per share	$0.65	$0.53
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Options exercised to purchase common shares	300,000	1,000,000
Employee Stock Option [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive options excluded from calculation of earnings per share, number of options	1,700,000	1,700,000
Antidilutive options excluded from calculation of earnings per share, weighted average exercise price	$50.06	$50.70

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Broadcast rights payable	$18,755	$8,838
Long-term debt	721,875	715,000
Estimated Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Broadcast rights payable	18,186	8,408
Long-term debt	$724,193	$717,032

Fair_Value_Measurements_Fair_V

Fair Value Measurements Fair Value - Recurring Basis (Details) (Fair Value, Measurements, Recurring [Member], Fair Value, Inputs, Level 2 [Member], USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps	$1,262	$0

Financial_Information_about_In2

Financial Information about Industry Segments (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
	measures
	segment
Segment Reporting Information [Line Items]	'	'
Number of reportable segments	2	'
Intersegment Transactions	$0	'
Number of principal financial measures	2	'
Total revenues	371,184,000	356,452,000
Income from operations	52,852,000	42,808,000
Interest expense, net	-4,242,000	-2,713,000
Earnings before income taxes	48,610,000	40,095,000
Total depreciation and amortization	12,769,000	11,795,000
National Media [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Total revenues	246,326,000	266,899,000
Income from operations	28,895,000	28,076,000
Total depreciation and amortization	3,625,000	4,950,000
Local Media [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Total revenues	124,858,000	89,553,000
Income from operations	36,312,000	25,676,000
Total depreciation and amortization	8,715,000	6,433,000
Unallocated Corporate [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Income from operations	-12,355,000	-10,944,000
Total depreciation and amortization	$429,000	$412,000