Hawkeye Acquisition (MDP) 10-K 26 Aug 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
	Jun. 30, 2016	Jul. 31, 2016	Dec. 31, 2015
Document Information [Line Items]
Entity Registrant Name	MEREDITH CORP
Entity Central Index Key	65,011
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 1,557,000,000
Common stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		39,286,518
Class B stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,283,303
Common stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		44,569,821

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 24,970	$ 22,833
Accounts receivable (net of allowances of $8,331 in 2016 and $8,495 in 2015)	273,927	284,646
Inventories	20,678	24,681
Current portion of subscription acquisition costs	133,338	122,350
Current portion of broadcast rights	4,220	4,516
Other current assets	24,023	23,505
Total current assets	481,156	482,531
Property, plant, and equipment
Land	24,697	24,858
Buildings and improvements	149,950	151,320
Machinery and equipment	332,314	324,185
Leasehold improvements	14,317	14,284
Construction in progress	8,774	12,975
Total property, plant, and equipment	530,052	527,622
Less accumulated depreciation	(339,099)	(313,886)
Net property, plant, and equipment	190,953	213,736
Subscription acquisition costs	95,960	103,842
Broadcast rights	4,565	1,795
Other assets	58,645	67,750
Intangible assets, net	913,877	972,382
Goodwill	883,129	1,001,246
Total assets	2,628,285	2,843,282
Current liabilities
Current portion of long-term debt	75,000	62,500
Current portion of long-term broadcast rights payable	4,649	4,776
Accounts payable	82,107	93,944
Accrued expenses
Compensation and benefits	71,135	71,233
Distribution expenses	10,779	13,056
Other taxes and expenses	34,863	79,366
Total accrued expenses	116,777	163,655
Current portion of unearned subscription revenues	199,359	206,126
Total current liabilities	477,892	531,001
Long-term debt	620,000	732,500
Long-term broadcast rights payable	5,524	2,998
Unearned subscription revenues	128,534	151,221
Deferred income taxes	336,346	311,645
Other noncurrent liabilities	170,946	162,067
Total liabilities	1,739,242	1,891,432
Shareholders' equity
Additional paid-in capital	54,282	49,019
Retained earnings	818,706	870,859
Accumulated other comprehensive loss	(28,501)	(12,648)
Total shareholders' equity	889,043	951,850
Total liabilities and shareholders' equity	2,628,285	2,843,282
Series preferred stock [Member]
Shareholders' equity
Series preferred stock, par value $1 per share, Authorized 5,000 shares; none issued	0	0
Common stock par value $1 per share [Member]
Shareholders' equity
Common stock, par value $1 per share	39,272	37,657
Class B stock $1 par value [Member]
Shareholders' equity
Common stock, par value $1 per share	$ 5,284	$ 6,963

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Current assets
Accounts receivable allowances	$ 8,331	$ 8,495
Shareholders' equity
Preferred stock, par value per share	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock [Member]
Shareholders' equity
Common stock, par value per share	$ 1	$ 1
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	39,272,000	37,657,000
Common stock, shares outstanding	39,272,000	37,657,000
Common stock, treasury	24,607,000	24,451,000
Class B stock $1 par value [Member]
Shareholders' equity
Common stock, par value per share	$ 1	$ 1
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	5,284,000	6,963,000
Common stock, shares outstanding	5,284,000	6,963,000

Consolidated Statements of Earn

Consolidated Statements of Earnings Statement - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Revenues
Advertising	$ 914,202	$ 896,548	$ 778,391
Circulation	328,599	313,685	327,214
All other	406,827	383,943	363,103
Total revenues	1,649,628	1,594,176	1,468,708
Operating expenses
Production, distribution, and editorial costs	611,872	598,941	567,024
Selling, general, and administrative	730,074	695,319	655,241
Depreciation and amortization	59,152	56,546	48,726
Impairment of goodwill and other long-lived assets	161,462	1,258	11,202
Merger termination fee net of merger-related costs	(43,541)	0	0
Total operating expenses	1,519,019	1,352,064	1,282,193
Income from operations	130,609	242,112	186,515
Interest expense, net	(20,402)	(19,352)	(12,176)
Earnings before income taxes	110,207	222,760	174,339
Income taxes	(76,270)	(85,969)	(60,798)
Net earnings	$ 33,937	$ 136,791	$ 113,541
Basic earnings per share
Basic earnings per share (in dollars per share)	$ 0.76	$ 3.07	$ 2.54
Basic average shares outstanding	44,606	44,522	44,636
Diluted earnings per share
Diluted earnings per share (in dollars per share)	$ 0.75	$ 3.02	$ 2.50
Diluted average shares outstanding	45,357	45,323	45,410
Dividends paid per share (in dollars per share)	$ 1.905	$ 1.78	$ 1.68

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income Statement - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 33,937	$ 136,791	$ 113,541
Other comprehensive income (loss), net of income taxes
Pension and other postretirement benefit plans activity	(12,752)	(2,591)	7,583
Unrealized loss on interest rate swaps	(3,101)	(1,299)	0
Other comprehensive income (loss), net of income taxes	(15,853)	(3,890)	7,583
Comprehensive income	$ 18,084	$ 132,901	$ 121,124

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Class B stock $1 par value [Member]	Common stock par value $1 per share [Member]	Common stock par value $1 per share [Member]Class B stock $1 par value [Member]	Common stock par value $1 per share [Member]Common stock par value $1 per share [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]Class B stock $1 par value [Member]	Retained Earnings [Member]Common stock par value $1 per share [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Jun. 30, 2013	$ 854,296			$ 8,324	$ 36,242	$ 50,170	$ 775,901			$ (16,341)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	113,541						113,541
Other comprehensive income (loss), net of tax	7,583									7,583
Stock issued under various incentive plans, net of forfeitures	58,885				1,550	57,335
Purchases of Company stock	(78,226)			(1)	(1,639)	(76,586)	0
Share-based compensation	12,224					12,224
Conversion of Class B to common stock	0			623	623
Dividends paid		$ (13,443)	$ (61,949)					$ (13,443)	$ (61,949)
Tax benefit (deficiency) from incentive plans	(1,259)					(1,259)
Balance at Jun. 30, 2014	891,652			7,700	36,776	41,884	814,050			(8,758)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	136,791						136,791
Other comprehensive income (loss), net of tax	(3,890)									(3,890)
Stock issued under various incentive plans, net of forfeitures	41,251				1,069	40,182
Purchases of Company stock	(46,764)			(1)	(924)	(45,839)	0
Share-based compensation	12,515					12,515
Conversion of Class B to common stock	0			736	736
Dividends paid		(12,706)	(67,276)					(12,706)	(67,276)
Tax benefit (deficiency) from incentive plans	277					277
Balance at Jun. 30, 2015	951,850			6,963	37,657	49,019	870,859			(12,648)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	33,937						33,937
Other comprehensive income (loss), net of tax	(15,853)									(15,853)
Stock issued under various incentive plans, net of forfeitures	20,879				587	20,292
Purchases of Company stock	(31,080)			(3)	(648)	(30,429)	0
Share-based compensation	12,757					12,757
Conversion of Class B to common stock	0			1,676	1,676
Dividends paid		$ (13,216)	$ (72,874)					$ (13,216)	$ (72,874)
Tax benefit (deficiency) from incentive plans	2,643					2,643
Balance at Jun. 30, 2016	$ 889,043			$ 5,284	$ 39,272	$ 54,282	$ 818,706			$ (28,501)

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Dividends paid per share (in dollars per share)	$ 0.4950	$ 0.4950	$ 0.4575	$ 0.4575	$ 0.4575	$ 0.4575	$ 0.4325	$ 0.4325	$ 1.905	$ 1.78	$ 1.68

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net earnings	$ 33,937	$ 136,791	$ 113,541
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation	39,430	38,918	35,627
Amortization	19,722	17,628	13,099
Share-based compensation	12,757	12,515	12,224
Deferred income taxes	9,094	47,220	25,178
Amortization of broadcast rights	16,735	16,576	8,785
Payments for broadcast rights	(16,865)	(16,364)	(10,332)
Write-down of impaired assets	161,997	3,142	11,447
Fair value adjustment to contingent consideration	(4,104)	(1,500)	(5,700)
Excess tax benefits from share-based payments	(4,241)	(6,471)	(4,855)
Changes in assets and liabilities, net of acquisitions/dispositions
Accounts receivable	10,718	(18,991)	(2,430)
Inventories	3,468	(1,013)	4,133
Other current assets	(518)	(6,501)	2,100
Subscription acquisition costs	(3,106)	(27,766)	(1,011)
Other assets	4,906	(391)	5,620
Accounts payable	(11,892)	10,040	1,598
Accrued expenses and other liabilities	(16,638)	13,866	4,208
Unearned subscription revenues	(31,272)	(19,093)	(30,013)
Other noncurrent liabilities	2,469	(6,259)	(5,129)
Net cash provided by operating activities	226,597	192,347	178,090
Cash flows from investing activities
Acquisitions of and investments in businesses	(8,186)	(257,030)	(417,461)
Additions to property, plant, and equipment	(25,035)	(33,245)	(24,822)
Proceeds from disposition of assets	1,767	83,434	0
Net cash used in investing activities	(31,454)	(206,841)	(442,283)
Cash flows from financing activities
Proceeds from issuance of long-term debt	167,500	470,000	666,000
Repayments of long-term debt	(267,500)	(390,000)	(301,000)
Dividends paid	(86,090)	(79,982)	(75,392)
Purchases of Company stock	(31,080)	(46,764)	(78,226)
Proceeds from common stock issued	20,879	41,251	58,885
Excess tax benefits from share-based payments	4,241	6,471	4,855
Other	(956)	(236)	(2,016)
Net cash provided by (used in) financing activities	(193,006)	740	273,106
Net increase (decrease) in cash and cash equivalents	2,137	(13,754)	8,913
Cash and cash equivalents at beginning of year	22,833	36,587	27,674
Cash and cash equivalents at end of year	24,970	22,833	36,587
Cash paid
Interest	20,235	19,111	11,271
Income taxes	72,979	40,419	34,957
Non-cash transactions
Broadcast rights financed by contracts payable	$ 19,264	$ 15,300	$ 9,985

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Nature of Operations— Meredith Corporation (Meredith or the Company) is a diversified media company focused primarily on the home and family marketplace. The Company has two segments: local media and national media. The Company's local media segment includes 16 owned television stations and one managed television station and related digital and mobile media operations. The national media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. Meredith's operations are primarily diversified geographically within the United States (U.S.) and the Company has a broad customer base. Principles of Consolidation— The consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries. Significant intercompany balances and transactions are eliminated. Meredith does not have any off-balance sheet financing activities. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's consolidated financial statements (See Note 6). Use of Estimates— The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. The Company bases its estimates on historical experience, management expectations for future performance, and other assumptions as appropriate. Key areas affected by estimates include the assessment of the recoverability of long-lived assets, including goodwill and other intangible assets, which is based on such factors as estimated future cash flows; the determination of the net realizable value of broadcast rights, which is based on estimated future revenues; provisions for returns of magazines sold, which are based on historical experience and current marketplace conditions; pension and postretirement benefit expenses, which are actuarially determined and include assumptions regarding discount rates, expected returns on plan assets, and rates of increase in compensation and healthcare costs; and share-based compensation expense, which is based on numerous assumptions including future stock price volatility and employees' expected exercise and post-vesting employment termination behavior. While the Company re-evaluates its estimates on an ongoing basis, actual results may vary from those estimates. Reclassifications —Certain prior years' amounts related to impairments of long-lived assets have been reclassified to conform to the current year's Consolidated Statements of Earnings presentation. Cash and Cash Equivalents —Cash and short-term investments with original maturities of three months or less are considered to be cash and cash equivalents. Cash and cash equivalents are stated at cost, which approximates fair value. Accounts Receivable —The Company's accounts receivable are primarily due from advertisers. Credit is extended to clients based on an evaluation of each client's creditworthiness and financial condition; collateral is not required. The Company maintains allowances for uncollectible accounts, rebates, rate adjustments, returns, and discounts. The allowance for uncollectible accounts is based on the aging of such receivables and any known specific collectability exposures. Accounts are written off when deemed uncollectible. Allowances for rebates, rate adjustments, returns, and discounts are generally based on historical experience and current market conditions. Concentration of credit risk with respect to accounts receivable is generally limited due to the large number of geographically diverse clients and individually small balances. Inventories —Inventories are stated at the lower of cost or market. Cost is determined on the last-in first-out (LIFO) basis for paper and on the first-in first-out or average basis for all other inventories. Subscription Acquisition Costs —Subscription acquisition costs primarily represent magazine agency commissions. These costs are deferred and amortized over the related subscription term, typically one to two years . In addition, direct-response advertising costs that are intended to solicit subscriptions and are expected to result in probable future benefits are capitalized. These costs are amortized over the period during which future benefits are expected to be received. The asset balance of the capitalized direct-response advertising costs is reviewed quarterly to ensure the amount is realizable. Any write-downs resulting from this review are expensed as subscription acquisition advertising costs in the current period. Capitalized direct-response advertising costs were $5.5 million at June 30, 2016 and $5.9 million at June 30, 2015 . There were no material write-downs of capitalized direct-response advertising costs in any of the fiscal years in the three-year period ended June 30, 2016 . Property, Plant, and Equipment —Property, plant, and equipment are stated at cost. Costs of replacements and major improvements are capitalized, and maintenance and repairs are charged to operations as incurred. Depreciation expense is provided primarily by the straight-line method over the estimated useful lives of the assets: 5 - 45 years for buildings and improvements and 3 - 20 years for machinery and equipment. The costs of leasehold improvements are amortized over the lesser of the useful lives or the terms of the respective leases. Depreciation and amortization of property, plant, and equipment was $39.4 million in fiscal 2016 , $38.9 million in fiscal 2015 , and $35.6 million in fiscal 2014 . In fiscal 2016 , management committed to a plan to sell the Company's two corporate airplanes and has classified them as held for sale at June 30, 2016 . The $2.8 million estimated fair value at June 30, 2016, of these airplanes is included in the machinery and equipment line in the Consolidated Balance Sheets. These assets are being actively marketed and are expected to be sold within one year . A loss of $5.7 million was recorded in the impairment of goodwill and other long-lived assets line in the Consolidated Statements of Earnings in fiscal 2016 as the result of the assets being recorded at fair market value less costs to sell in the Consolidated Balance Sheets. Broadcast Rights —Broadcast rights consist principally of rights to broadcast syndicated programs, sports, and feature films. The total cost of these rights is recorded as an asset and as a liability when programs become available for broadcast. The current portion of broadcast rights represents those rights available for broadcast that are expected to be amortized in the succeeding year. These rights are valued at the lower of unamortized cost or estimated net realizable value, and are generally charged to operations on an accelerated basis over the contract period. Impairments of unamortized costs to net realizable value are included in production, distribution, and editorial expenses in the accompanying Consolidated Statements of Earnings. There were no material impairments to unamortized costs in fiscals 2016 , 2015 , or 2014 . Future write-offs can vary based on changes in consumer viewing trends and the availability and costs of other programming. Intangible Assets and Goodwill —Amortizable intangible assets consist primarily of network affiliation agreements, retransmission agreements, and advertiser relationships. Intangible assets with finite lives are amortized over their estimated useful lives. The useful life of an intangible asset is the period over which the asset is expected to contribute directly or indirectly to future cash flows. Network affiliation agreements are amortized over the period of time the agreements are expected to remain in place, assuming renewals without material modifications to the original terms and conditions (generally 25 to 40 years from the original acquisition date). Other intangible assets are amortized over their estimated useful lives, ranging from 1 to 10 years . Intangible assets with indefinite lives include Federal Communications Commission (FCC) broadcast licenses. These licenses are granted for a term of up to eight years , but are renewable if the Company provides at least an average level of service to its customers and complies with the applicable FCC rules and policies and the Communications Act of 1934. The Company has been successful in every one of its past license renewal requests and has incurred only minimal costs in the process. The Company expects the television broadcasting business to continue indefinitely; therefore, the cash flows from the broadcast licenses are also expected to continue indefinitely. Goodwill and certain other intangible assets (FCC broadcast licenses and trademarks), which have indefinite lives, are not amortized but tested for impairment annually or when events occur or circumstances change that would indicate the carrying value exceeds the fair value. The review of goodwill is performed at the reporting unit level. The Company has three reporting units, local media, magazine brands, and Meredith Xcelerated Marketing (MXM). We also assess, at least annually, whether assets classified as indefinite-lived intangible assets continue to have indefinite lives. At May 31, 2016, the date the Company last performed our annual evaluation of impairment of goodwill, management elected to perform the quantitative goodwill impairment test for the magazine brands and MXM reporting units, and a qualitative assessment for the local media reporting unit. The first step of the quantitative test is to compare the fair value of a reporting unit to its carrying value. In reviewing other indefinite-lived intangible assets for impairment, the Company compares the fair value of the asset to the asset’s carrying value. In the qualitative assessment, we evaluate the reporting unit to determine if there are cost, legal and regulatory, market or industry, or other macroeconomic factors that would lead us to believe that the carrying value of reporting unit is more likely than not more than its fair value. Fair value is determined using a discounted cash flow model, which requires us to estimate the future cash flows expected to be generated by the reporting unit or to result from the use of the asset. These estimates include assumptions about future revenues (including projections of overall market growth and our share of market), estimated costs, and appropriate discount rates where applicable. Our assumptions are based on historical data, various internal estimates, and a variety of external sources and are consistent with the assumptions used in both our short-term financial forecasts and long-term strategic plans. Depending on the assumptions and estimates used, future cash flow projections can vary within a range of outcomes. Changes in key assumptions about the magazine brands and MXM and their prospects or changes in market conditions could result in an impairment charge. Additional information regarding intangible assets and goodwill including a discussion of the impairment charges taken in fiscal 2016 and fiscal 2014 on goodwill and trademarks is provided in Note 4. Impairment of Long-lived Assets —Long-lived assets (primarily property, plant, and equipment and amortizable intangible assets) are reviewed for impairment whenever events and circumstances indicate the carrying value of an asset may not be recoverable. Recoverability is measured by comparison of the forecasted undiscounted cash flows of the operation to which the assets relate to the carrying amount of the assets. Tests for impairment or recoverability require significant management judgment, and future events affecting cash flows and market conditions could result in impairment losses. 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 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 $300.0 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 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 fiscal 2016, the interest rate swap agreements were considered effective hedges and there were no material gains or losses recognized in earnings for hedge ineffectiveness. Revenue Recognition —The Company's primary source of revenue is advertising. Other sources include circulation and other revenues. Advertising revenues— Advertising revenues are recognized when advertisements are published (defined as an issue's on-sale date) or aired by the broadcasting station, net of agency commissions and net of provisions for estimated rebates, rate adjustments, and discounts. Barter revenues are included in advertising revenue and are also recognized when the commercials are broadcast. Barter advertising revenues and the offsetting expense are recognized at the fair value of the advertising surrendered, as determined by similar cash transactions. Barter advertising revenues were not material in any period. Digital advertising revenues are recognized ratably over the contract period or as services are delivered. Circulation revenues— Circulation revenues include magazine single copy and subscription revenue. Single copy revenue is recognized upon publication, net of provisions for estimated returns. The Company bases its estimates for returns on historical experience and current marketplace conditions. Revenues from magazine subscriptions are deferred and recognized proportionately as products are distributed to subscribers. Other revenues— Revenues from customer relationship marketing and other custom programs are recognized when the products or services are delivered. In addition, the Company participates in certain arrangements containing multiple deliverables. The guidance for accounting for multiple-deliverable arrangements requires that overall arrangement consideration be allocated to each deliverable (unit of accounting) in the revenue arrangement based on the relative selling price as determined by vendor specific objective evidence, third-party evidence, or estimated selling price. The related revenue is recognized when each specific deliverable of the arrangement is delivered. Brand licensing-based revenues are accrued generally monthly or quarterly based on the specific mechanisms of each contract. Payments are generally made by the Company's partners on a quarterly basis. Generally, revenues are accrued based on estimated sales and adjusted as actual sales are reported by partners. These adjustments are typically recorded within three months of the initial estimates and have not been material. Any minimum guarantees are typically earned evenly over the fiscal year. Retransmission revenues are recognized over the contract period based on the negotiated fee. In certain instances, revenues are recorded gross in accordance with GAAP although the Company receives cash for a lesser amount due to the netting of certain expenses. Amounts received from customers in advance of revenue recognition are deferred as liabilities and recognized as revenue in the period earned. Contingent Consideration —The Company estimates and records the acquisition date estimated fair value of contingent consideration as part of purchase price consideration for acquisitions. Additionally, each reporting period, the Company estimates changes in the fair value of contingent consideration, and any change in fair value is recognized in the Consolidated Statement of Earnings. An increase in the earn-out expected to be paid will result in a charge to operations in the quarter that the anticipated fair value of contingent consideration increases, while a decrease in the earn-out expected to be paid will result in a credit to operations in the quarter that the anticipated fair value of contingent consideration decreases. The estimate of the fair value of contingent consideration requires subjective assumptions to be made of future operating results, discount rates, and probabilities assigned to various potential operating result scenarios. Future revisions to these assumptions could materially change the estimate of the fair value of contingent consideration and, therefore, materially affect the Company’s future financial results. Advertising Expenses —The majority of the Company's advertising expenses relate to direct-mail costs for magazine subscription acquisition efforts. Advertising costs that are not capitalized are expensed the first time the advertising takes place. Total advertising expenses included in the Consolidated Statements of Earnings were $72.6 million in fiscal 2016 , $75.8 million in fiscal 2015 , and $79.5 million in fiscal 2014 . Share-based Compensation —The Company establishes fair value for its equity awards to determine their cost and recognizes the related expense over the appropriate vesting period. The Company recognizes expense for stock options, restricted stock, restricted stock units, and shares issued under the Company's employee stock purchase plan. See Note 11 for additional information related to share-based compensation expense. Income Taxes —The income tax provision is calculated under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period when such a change is enacted. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Self-Insurance —The Company self-insures for certain medical claims, and its responsibility generally is capped through the use of a stop loss contract with an insurance company at a certain dollar level (usually $300 thousand ). A third-party administrator is used to process claims. The Company uses actual claims data and estimates of incurred-but-not-reported claims to calculate estimated liabilities for unsettled claims on an undiscounted basis. Although management re-evaluates the assumptions and reviews the claims experience on an ongoing basis, actual claims paid could vary significantly from estimated claims. Pensions and Postretirement Benefits Other Than Pensions —Retirement benefits are provided to employees through pension plans sponsored by the Company. Pension benefits generally are based on the Company's contributions and interest credits allocated to participants' accounts based on years of benefit service and annual pensionable earnings. It is the Company's policy to fund the qualified pension plans to at least the extent required to maintain their fully funded status. In addition, the Company provides health care and life insurance benefits for certain retired employees, the expected costs of which are accrued over the years that the employees render services. It is the Company's policy to fund postretirement benefits as claims are paid. Additional information is provided in Note 8. Comprehensive Income —Comprehensive income consists of net earnings and other gains and losses affecting shareholders' equity that, under GAAP, are excluded from net earnings. Other comprehensive income (loss) includes changes in prior service costs and net actuarial losses from pension and postretirement benefit plans, net of taxes, and changes in the fair value of interest rate swap agreements, net of taxes, to the extent that they are effective. Earnings Per Share —Basic earnings per share is calculated by dividing net earnings by the weighted average common and Class B shares outstanding. Diluted earnings per share is calculated similarly but includes the dilutive effect, if any, of the assumed exercise of securities, including the effect of shares issuable under the Company's share-based incentive plans. Merger Termination —In January 2016, the Company and Media General, Inc. (Media General) terminated their merger agreement under which the companies would have combined to form Meredith Media General. In exchange for terminating the merger agreement, the Company received $60.0 million in cash and an opportunity to negotiate for the purchase of certain broadcast and digital assets owned by Media General. The $60.0 million has been included as a credit in the merger termination fee net of merger-related costs line in the Consolidated Statements of Earnings. The Company incurred $16.5 million of investment banking, legal, accounting, and other professional fees and expenses in fiscal 2016 related to the terminated merger. These costs are also included in the merger termination fee net of merger-related costs line in the Consolidated Statements of Earnings. Adopted Accounting Pronouncements —In September 2015, the Financial Accounting Standards Board (FASB) issued guidance simplifying the accounting for measurement-period adjustments related to business combinations. The new guidance removes the requirement to restate prior periods to reflect adjustments made to provisional amounts. Rather, adjustments to the provisional amounts are to be recognized in the reporting period they are identified. In the period of adjustment, the portion that would have been recorded in a previous reporting period is to be presented separately on the face of the income statement or disclosed in the notes. Prospective adoption of the guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company prospectively adopted this guidance in the first quarter of fiscal 2016. The adoption of this guidance did not have a material impact on our results of operations or cash flows. In November 2015, the FASB issued guidance simplifying the presentation of deferred tax assets and deferred tax liabilities. The new guidance no longer requires the presentation of current deferred tax assets and deferred tax liabilities on a classified balance sheet, rather requiring all to be presented as non-current. The guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company prospectively adopted this guidance in the second quarter of fiscal 2016. As required by the guidance, all deferred tax assets and liabilities are classified as non-current in our Consolidated Balance Sheet as of June 30, 2016, which is a change from our historical presentation whereby certain of our deferred tax assets and liabilities were classified as current and the remainder were classified as non-current. The June 30, 2015, Consolidated Balance Sheet has not been retrospectively adjusted. The adoption of this guidance did not have an impact on our results of operations or cash flows. Pending Accounting Pronouncements —In May 2014, the FASB issued an accounting standards update that replaces existing revenue recognition guidance. The new guidance requires a company to recognize revenue for the transfer of promised goods or services equal to the amount it expects to receive in exchange for those goods or services. Additionally, the guidance requires enhanced disclosures about the nature, amount, timing, and uncertainty of revenue and cash flows from customer contracts. This guidance will be effective for the Company in the first quarter of fiscal 2019. Early application is not permitted and companies may choose either a full retrospective or cumulative effect method of adoption. The Company is evaluating the method of adoption and the impact the guidance will have on our results of operations and financial position. The FASB continues to issue amendments to further clarify provisions of this forthcoming guidance. These amendments will be effective upon adoption of the standard in the first quarter of fiscal 2019. In April 2015, the FASB issued guidance on the presentation of debt issuance costs. The new standard requires that debt issuance costs be recorded as a reduction from the face amount of the related debt, with amortization recorded as interest expense, rather than recording as a deferred asset. The guidance is effective for the Company in the first quarter of fiscal 2017. The guidance is to be retrospectively applied to all prior periods. Adoption of the new guidance is not expected to have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued guidance on the presentation of cloud computing arrangements that include a software license. The new guidance requires capitalization of the software license fee as internal-use software if certain criteria are met, otherwise the costs are expensed as incurred. The standard is effective for the Company in the first quarter of fiscal 2017. Companies can chose either prospective adoption to arrangements entered into or materially modified after the effective date, or full retrospective adoption. Adoption of the new guidance is not expected to have a material impact on the our consolidated financial statements. In June 2015, the FASB issued an accounting standards update that made technical corrections to the FASB Accounting Standards Codification. These technical corrections are divided into four categories: amendments related to differences between original guidance and the codification, guidance clarification and reference corrections, minor structural changes to simplify the codification, and minor improvements that are not expected to have a significant impact on current accounting practice. The amendments are effective for the Company in the first quarter of fiscal 2017. All other changes are effective upon the issuance of the guidance. Adoption of the amendments is not expected to have a material impact on the Company's consolidated financial statements. In January 2016, the FASB issued guidance to improve and simplify accounting for financial instruments. The updated guidance includes several provisions that are not applicable to the Company's consolidated financial statements, with the exception of changes to fair value disclosure. Under the new guidance, public entities are no longer required to disclose the methods and significant assumptions used to estimate fair value of financial instruments measured at amortized cost on the consolidated balance sheets. It also requires public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The guidance is effective for the Company in the first quarter of fiscal 2019. The adoption of this guidance requires a change in our disclosures only and it is not expected to have impact on our results of operations or cash flows. In February 2016, the FASB issued an accounting standards update that replaces existing lease accounting standards. The new standard requires lessees to recognize on the balance sheet a right-of use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. Treatment of lease payments in the statement of earnings and statement of cash flows is relatively unchanged from previous guidance. The new standard is required to be applied with a modified retrospective approach to each prior reporting period presented with various optional practical expedients. The standard is effective for the Company beginning July 1, 2019, with early application permitted. The Company is currently evaluating the effect the guidance will have on our consolidated financial statements. In March 2016, the FASB issued guidance simplifying the transition to the equity method of accounting. The new guidance eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. The new guidance is effective for the Company during the first quarter of fiscal 2018. The adoption of this guidance is currently not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, as a part of its simplification initiative, the FASB issued guidance on the accounting for employee share-based payments. The new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax treatment, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective in the Company's first quarter of fiscal 2018. Early application is permitted. The Company is currently evaluating the impact the guidance will have on our consolidated financial statements. In June 2016, the FASB issued a standard that replaces the current incurred loss methodology for recognizing credit losses with a current expected credit loss methodology. Under this standard, the establishment of an allowance for credit losses reflects all relevant information about past events, current conditions, and reasonable supportable forecasts rather than delaying the recognition of the full amount of a credit loss until the the loss is probable of occurring. The new standard applies to financial assets that are not accounted for at fair value, including trade receivables. A modified-retrospective implementation of this standard is effective in the Company's first quarter of fiscal 2021, with early adoption permitted in the first quarter of fiscal 2020. The Company is currently evaluating the impact this guidance will have on our consolidated financial statements.

Acquisitions

Acquisitions	12 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions Fiscal 2015 During fiscal 2015, Meredith paid $257.0 million primarily for the acquisitions of the television station WGGB, the ABC affiliate in Springfield, Massachusetts; MyWedding LLC (Mywedding); the television station WALA, the FOX affiliate in Mobile, Alabama-Pensacola, Florida; Selectable Media, Inc. (Selectable Media); the Shape brand and related digital assets (collectively Shape); and the assets of Qponix, a shopper marketing platform technology. On October 31, 2014, Meredith acquired WGGB. The results of WGGB's operations have been included in the consolidated financial statements since that date. The fair value of the consideration, including the purchase of working capital, totaled $52.6 million , which consisted of $49.3 million of cash and a preliminary estimate of $3.3 million of contingent consideration. The contingent consideration arrangement requires the Company to pay contingent payments based on certain future regulatory actions. We estimated the fair value of the contingent consideration using a probability-weighted discounted cash flow model. The fair value is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in Note 14. As of June 30, 2016 , the Company estimates the future payments will range from $1.0 million to $4.0 million . Effective November 1, 2014, Meredith completed its acquisition of Martha Stewart Living magazine and its related digital assets (collectively Martha Stewart Living Media Properties). In addition, Meredith entered into a 10 ‑year licensing arrangement with Martha Stewart Living Omnimedia (MSLO) for the licensing of the Martha Stewart Living trade name. The acquired business operations included sales and marketing, circulation, production, and other non-editorial functions. Meredith sourced editorial content from MSLO. During the second quarter of fiscal 2016, the provisional amount recorded to goodwill was increased $0.1 million . On December 22, 2015, Meredith entered into a new 10 ‑year licensing arrangement with Sequential Brands Group, Inc. This agreement replaced the October 2014 agreement with MSLO (which was acquired by Sequential Brands Group, Inc. in 2015). Under the new agreement, Meredith assumed the cross-platform editorial responsibilities for the Martha Stewart Living and Martha Stewart Weddings media brands and related digital assets. In conjunction with this new agreement, Meredith recognized $1.6 million of goodwill. The results of the Martha Stewart Living Media Properties have been included in the consolidated financial statements since the effective dates. There was no cash consideration exchanged in these transactions. On November 13, 2014, Meredith acquired 100 percent of the membership interests in Mywedding. Mywedding operates mywedding.com, one of the top wedding websites in the U.S., providing couples with a complete wedding planning product suite. The results of Mywedding have been included in the consolidated financial statements since that date. The acquisition-date fair value of the consideration was $42.7 million , which consisted of $20.1 million of cash and a preliminary estimate of $22.6 million of contingent consideration. The contingent consideration arrangement requires the Company to pay a contingent payment based on certain financial targets achieved during fiscal 2018 primarily based on earnings before interest, taxes, depreciation, and amortization (EBITDA), as defined in the acquisition agreement. The contingent consideration is not dependent on the continued employment of the sellers. We estimated the fair value of the contingent consideration using a probability-weighted discounted cash flow model. The fair value is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in Note 14. As of June 30, 2016 , the Company estimates the future payments will range from $11.4 million to $40.0 million . On December 19, 2014, Meredith acquired WALA. The results of WALA's operations have been included in the consolidated financial statements since that date. The cash purchase price, including the purchase of working capital, was $90.4 million . On December 30, 2014, Meredith acquired 100 percent of the outstanding stock of Selectable Media, a leading native and engagement-based digital advertising company. The results of Selectable Media have been included in the consolidated financial statements since that date. The acquisition-date fair value of the consideration totaled $30.2 million , which consisted of $23.0 million of cash and a preliminary estimate of $7.2 million of contingent consideration. The contingent consideration arrangement requires the Company to pay contingent payments based on certain financial targets over three fiscal years primarily based on revenue, as defined in the acquisition agreement. The contingent consideration is not dependent on the continued employment of the sellers. We estimated the fair value of the contingent consideration using a probability-weighted discounted cash flow model. The fair value is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in Note 14. As of June 30, 2016 , the Company estimates the future payments will be $8.0 million . During fiscal 2016 , the provisional amounts recorded to goodwill were decreased $2.9 million with a corresponding increase to deferred income taxes based on an updated valuation report and other fair value determinations. Effective February 1, 2015, Meredith completed its acquisition of Shape. Shape is the women's active lifestyle category leader with content focusing on exercise, beauty, nutrition, health, fashion, wellness, and other lifestyle topics to help women lead a healthier, active lifestyle. The results of Shape have been included in the consolidated financial statements since the effective date. The acquisition-date fair value of the consideration totaled $87.4 million , which consisted of $60.0 million of cash and a preliminary estimate of $27.4 million of contingent consideration. The contingent consideration arrangement requires the Company to pay a contingent payment based on the achievement of certain financial targets over three fiscal years primarily based on operating profit, as defined in the acquisition agreement. We estimated the fair value of the contingent consideration using a probability-weighted discounted cash flow model. The fair value is based on significant inputs not observable in the market and thus represent a Level 3 measurement as defined in Note 14. Although operating performance for the brand has been strong, revised projections in advertising revenue resulted in lower projected operating profit than anticipated at acquisition. Therefore, the Company recognized a non-cash credit to operations of $4.9 million in fiscal 2016, to reduce the estimated contingent consideration payable. This credit was recorded in the selling, general, and administrative expense line on the Consolidated Statements of Earnings. As of June 30, 2016 , the Company estimates the future payments will range from $18.9 million to $24.5 million . On June 19, 2015, Meredith completed the acquisition of Qponix, a leading shopper marketing data platform technology (hereafter referred to as Meredith Shopper Marketing). The results of the business from these assets have been included in the consolidated financial statements since the date of acquisition. The acquisition-date fair value of the consideration totaled $2.3 million , which consisted of $1.5 million of cash and $0.8 million of contingent consideration. During fiscal 2016, the Company paid $0.8 million in contingent consideration, which was the maximum amount of contingent consideration that could be earned under the asset purchase agreement. The following table summarizes the total estimated fair values of the assets acquired and liabilities assumed by segment during the year ended June 30, 2015: (In thousands) Local Media Acquisitions National Media Acquisitions Total Accounts receivable $ 5,162 $ 4,323 $ 9,485 Current portion of broadcast rights 1,582 — 1,582 Other current assets 133 1,036 1,169 Property, plant, and equipment 14,391 130 14,521 Other noncurrent assets 1,907 3,055 4,962 Intangible assets 107,476 70,350 177,826 Total identifiable assets acquired 130,651 78,894 209,545 Deferred subscription revenue — (51,428 ) (51,428 ) Current portion of broadcast rights (1,582 ) — (1,582 ) Other current liabilities (1,378 ) (6,808 ) (8,186 ) Long-term liabilities (5,242 ) (56,738 ) (61,980 ) Total liabilities assumed (8,202 ) (114,974 ) (123,176 ) Net identifiable assets acquired 122,449 (36,080 ) 86,369 Goodwill 17,320 140,701 158,021 Net assets acquired $ 139,769 $ 104,621 $ 244,390 The following table provides details of the acquired intangible assets by acquisition: (In thousands) WGGB Martha Stewart Mywedding WALA Selectable Media Shape Meredith Shopper Marketing Total Intangible assets subject to amortization National media Advertiser relationships $ — $ 3,200 $ 1,600 $ — $ 2,250 $ 6,700 $ — $ 13,750 Customer lists — 1,850 — — — 1,200 — 3,050 Other — — — — 2,450 700 1,200 4,350 Local media Retransmission agreements 761 — — 3,193 — — — 3,954 Other 70 — — 121 — — — 191 Total 831 5,050 1,600 3,314 4,700 8,600 1,200 25,295 Intangible assets not subject to amortization National media Trademarks — — 5,300 — — 37,900 — 43,200 Internet domain names — — — — — 6,000 — 6,000 Local media FCC licenses 33,116 — — 70,215 — — — 103,331 Total 33,116 — 5,300 70,215 — 43,900 — 152,531 Intangible assets $ 33,947 $ 5,050 $ 6,900 $ 73,529 $ 4,700 $ 52,500 $ 1,200 $ 177,826 The useful life of the advertiser relationships ranges from three to four years , the customer lists' useful lives are two years , and other national media intangible assets' useful lives are five to seven years . The useful lives of the retransmission agreements are six years and local media other intangible assets' useful lives are one to three years . For all acquisitions, goodwill is attributable primarily to expected synergies and the assembled workforces. Goodwill, with an assigned value of $136.4 million , is expected to be fully deductible for tax purposes. During fiscal 2015, acquisition related costs of $1.4 million were incurred. These costs are included in the selling, general, and administrative line in the Consolidated Statements of Earnings. Fiscal 2014 During fiscal 2014, Meredith paid $417.5 million primarily for the acquisitions of the television station KMOV, the CBS affiliate in St. Louis, Missouri and the television station KTVK, an independent station in Phoenix, Arizona. Effective February 28, 2014, Meredith acquired KMOV. The results of KMOV's operations have been included in the consolidated financial statements since that date. The final cash purchase price was $186.7 million , which included an additional cash working capital adjustment payment in fiscal 2015 of $0.9 million . Effective June 19, 2014, Meredith acquired KTVK and an interest in the assets of KASW, the CW affiliate in Phoenix, Arizona. The final cash purchase price was $223.4 million . The final cash purchase price was allocated as $167.4 million for KTVK and $56.0 million for the interest in KASW assets. As part of the FCC approval of the transaction, Meredith was required to sell its interest in the KASW assets. The sale of the Company's interest in the KASW assets was completed during fiscal 2015. The results of KTVK's operations have been included in the consolidated financial statements since the date of acquisition. Goodwill, with an assigned value of $51.5 million , is expected to be fully deductible for tax purposes and is attributable to expected synergies and the assembled workforces of KMOV and KTVK. During fiscal 2014, acquisition related costs of $5.5 million were expensed in the period in which they were incurred. These costs are included in the selling, general, and administrative line in the Consolidated Statements of Earnings.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of paper stock, editorial content, and books. Of total net inventory values, 54 percent at June 30, 2016 , and 52 percent at June 30, 2015 , were determined using the LIFO method. LIFO inventory income included in the Consolidated Statements of Earnings was $0.7 million in fiscal 2016 , $0.5 million in fiscal 2015 , and $0.8 million in fiscal 2014 . June 30, 2016 2015 (In thousands) Raw materials $ 11,698 $ 13,900 Work in process 10,107 12,053 Finished goods 1,834 2,428 23,639 28,381 Reserve for LIFO cost valuation (2,961 ) (3,700 ) Inventories $ 20,678 $ 24,681

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible assets consist of the following: June 30, 2016 2015 (In thousands) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization National media Advertiser relationships $ 18,610 $ (10,670 ) $ 7,940 $ 20,879 $ (7,660 ) $ 13,219 Customer lists 5,230 (4,310 ) 920 9,120 (6,679 ) 2,441 Other 19,425 (8,685 ) 10,740 20,675 (7,361 ) 13,314 Local media Network affiliation agreements 229,309 (135,789 ) 93,520 229,309 (129,362 ) 99,947 Retransmission agreements 21,229 (6,993 ) 14,236 21,229 (3,454 ) 17,775 Other 1,214 (419 ) 795 1,212 (126 ) 1,086 Total $ 295,017 $ (166,866 ) 128,151 $ 302,424 $ (154,642 ) 147,782 Intangible assets not subject to amortization National media Internet domain names 7,827 7,827 Trademarks 153,215 192,089 Local media FCC licenses 624,684 624,684 Total 785,726 824,600 Intangible assets, net $ 913,877 $ 972,382 Amortization expense was $19.7 million in fiscal 2016 , $17.6 million in fiscal 2015 , and $13.1 million in fiscal 2014 . Future amortization expense for intangible assets is expected to be as follows: $18.0 million in fiscal 2017 , $15.0 million in fiscal 2018 , $12.5 million in fiscal 2019 , $11.6 million in fiscal 2020 , and $7.6 million in fiscal 2021 . Actual future amortization expense could differ from these estimates as a result of future acquisitions, dispositions, and other factors. During fiscal 2016, the Company recorded a non-cash impairment charge of $38.9 million on the national media segment's American Baby trademark. Management determined that this trademark was fully impaired as part of management's decision to discontinue the use of the American Baby brand following its combination with the Fit Pregnancy brand. During fiscal 2014, the Company recorded a non-cash impairment charge of $10.3 million on national media intangible assets, including $9.5 million of trademarks and $0.8 million of customer lists. Management determined these intangible assets were fully impaired as part of management's commitment to performance improvement plans, including the conversion of Ladies' Home Journal from a subscription-based magazine to a quarterly newsstand special interest publication and the closure of Meredith's medical sales force training business. The impairment charges are recorded in the impairment of goodwill and other long-lived assets line in the Consolidated Statements of Earnings. Changes in the carrying amount of goodwill were as follows: (In thousands) National Local Total Balance at June 30, 2014 Goodwill $ 789,038 $ 51,823 $ 840,861 Accumulated impairment losses — — — 789,038 51,823 840,861 Acquisitions 143,433 16,952 160,385 Balance at June 30, 2015 Goodwill 932,471 68,775 1,001,246 Accumulated impairment losses — — — 932,471 68,775 1,001,246 Acquisitions (1,168 ) — (1,168 ) Impairment (116,949 ) — (116,949 ) (118,117 ) — (118,117 ) Balance at June 30, 2016 Goodwill 931,303 68,775 1,000,078 Accumulated impairment losses (116,949 ) — (116,949 ) $ 814,354 $ 68,775 $ 883,129 During fiscal 2016, the Company performed a qualitative assessment of the local media reporting unit during its annual impairment review as of May 31, 2016, and concluded that it is not more likely than not that the fair value of the Company's local media reporting unit is less than its carrying amount. Therefore, the quantitative goodwill impairment test for the local media reporting unit was not necessary in fiscal 2016. The national media segment is comprised of two reporting units, the magazine brands reporting unit, which has $759.4 million of goodwill, and the MXM reporting unit, which has $54.9 million of goodwill at June 30, 2016. As of May 31, 2016, the fair value of the magazine brands reporting unit exceeded its net assets by approximately 20 percent . The fair value of the magazine brands reporting unit assumes a discount rate of 10 percent . Assumed revenue growth rates range from approximately flat to up 2.0 percent . The assumed terminal growth rate is 2.0 percent . These assumptions are contingent upon a stable economic environment, continuing strong consumer engagement, and a continuing shift to digital platforms. Holding other assumptions constant, a 100 basis point increase in the discount rate would result in an estimated fair value that exceeds net assets by 5 percent . Holding other assumptions constant, a 100 basis point decrease in the terminal growth rate would result in an estimated fair value that exceeds net assets by 9 percent . Both of these scenarios individually indicate no impairment in the magazine brands reporting unit. In the fourth quarter of fiscal 2016, the Company determined that triggering events, including reduced operating and cash flow forecasts, required us to perform an evaluation of goodwill for the MXM reporting unit for impairment. Due to the timing of the triggering events, this testing was performed in conjunction with the Company's annual impairment testing as of May 31, 2016. This evaluation indicated that the carrying value of MXM's goodwill exceeded its estimated fair value. As a result, the Company recorded a pre-tax non-cash impairment charge of $116.9 million to reduce the carrying value of MXM's goodwill in the fourth quarter of fiscal 2016. The Company recorded an income tax benefit of $ 9.5 million related to this charge. This impairment charge is recorded in the impairment of goodwill and other long-lived assets line in the Consolidated Statements of Earnings. Meredith completed annual impairment reviews of goodwill and intangible assets with indefinite lives as of May 31, 2015 and 2014. No impairments were recorded as a result of those reviews.

Restructuring Accrual

Restructuring Accrual	12 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring Accrual	Restructuring Accrual During fiscal 2016, management committed to several performance improvement plans that resulted in selected workforce reductions related primarily to business realignments from recent acquisitions and the closing of MORE magazine effective following the publication of the April 2016 issue. In connection with these plans, the Company recorded pre-tax restructuring charges of $10.3 million . The restructuring charges included severance and related benefit costs of $9.8 million related to the involuntary termination of employees which is recorded in the selling, general, and administrative line of the Consolidated Statements of Earnings. The Company also wrote down related manuscript and art inventory by $0.5 million , which is recorded in the production, distribution, and editorial line of the Consolidated Statements of Earnings. The majority of severance costs are paid out over a 12 -month period. These plans affected approximately 150 employees. During fiscal 2015, management committed to several performance improvement plans related to business realignments resulting primarily from recent broadcast station acquisitions, recent digital business acquisitions, and other selected workforce reductions. In connection with these plans, the Company recorded pre-tax restructuring charges of $16.6 million . The restructuring charges included severance and related benefit costs of $14.7 million related to the involuntary termination of employees and other write-downs and accruals of $0.4 million , which are recorded in the selling, general, and administrative line of the Consolidated Statements of Earnings. The Company also wrote down video production fixed assets that the Company abandoned for $1.2 million , which is recorded in the impairment of goodwill and other long-lived assets line of the Consolidated Statements of Earnings and manuscript and art inventory for $0.3 million , which is recorded in the production, distribution, and editorial line of the Consolidated Statements of Earnings. The majority of severance costs have been paid out. These plans affected approximately 275 employees. In fiscal 2014, management committed to several performance improvement plans related primarily to business realignments including converting Ladies' Home Journal from a monthly subscription magazine to a newsstand only quarterly special interest publication, business realignments from recent broadcast station acquisitions, the closing of our medical sales force training business, and other selected workforce reductions. In connection with these plans, the Company recorded pre-tax restructuring charges of $24.5 million . The restructuring charges includes severance and related benefit costs of $11.9 million related to the involuntary termination of employees and other write-downs and accruals of $1.2 million , which are recorded in the selling, general, and administrative line of the Consolidated Statements of Earnings. The Company also wrote down intangible assets by $10.3 million (see Note 4) and fixed assets of $0.9 million , which are recorded in the impairment of goodwill and other long-lived assets line of the Consolidated Statements of Earnings, and manuscript and art inventory by $0.2 million , which is recorded in the production, distribution, and editorial line of the Consolidated Statements of Earnings. The majority of severance costs have been paid out. These plans affected approximately 175 employees. During the years ended June 30, 2016 , 2015 , and 2014, the Company recorded reversals of $3.2 million , $0.1 million , $1.4 million , respectively, of excess restructuring reserves accrued in prior fiscal years. The reversals of excess restructuring reserves are recorded in the selling, general, and administrative line of the Consolidated Statements of Earnings. Details of changes in the Company's restructuring accrual are as follows: Years ended June 30, 2016 2015 (In thousands) Balance at beginning of year $ 15,731 $ 13,545 Severance accrual 9,792 14,670 Other accruals — 285 Cash payments (14,888 ) (12,664 ) Reversal of excess accrual (3,247 ) (105 ) Balance at end of year $ 7,388 $ 15,731

Long-term Debt

Long-term Debt	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of the following: June 30, 2016 2015 (In thousands) Variable-rate credit facilities Asset-backed bank facility of $100 million, due 10/20/2017 $ 80,000 $ 80,000 Revolving credit facility of $200 million, due 3/27/2019 40,000 77,500 Term loan due 3/27/2019 225,000 237,500 Private placement notes 3.04% senior notes, due 3/1/2016 — 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 12/19/2022 100,000 100,000 Floating rate senior notes, due 2/28/2024 150,000 150,000 Total long-term debt 695,000 795,000 Current portion of long-term debt (75,000 ) (62,500 ) Long-term debt $ 620,000 $ 732,500 The following table shows principal payments on the debt due in succeeding fiscal years: Years ending June 30, (In thousands) 2017 $ 75,000 2018 75,000 2019 295,000 2020 — 2021 — Thereafter 250,000 Total long-term debt $ 695,000 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 June 30, 2016 , $169.5 million of accounts receivable net of reserves were outstanding under the agreement. Meredith Funding Corporation in turn sells 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, 3.50 percent at June 30, 2016 , 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 consolidated financial statements. The interest rate on the asset-backed bank facility is based on a fixed spread over London Interbank Offered Rate (LIBOR). The weighted average effective interest rate was 1.35 percent as of June 30, 2016 . In October 2015, we renewed our asset-backed bank facility for an additional two -year period on terms substantially similar to those previously in place. The renewed facility will expire in October 2017. Meredith has an outstanding credit agreement that provides for a revolving credit facility of $200.0 million and a term loan of $250.0 million , with a five -year term which expires March 27, 2019 . The term loan is payable in quarterly installments based on an amortization schedule as set forth in the agreement. The credit agreement replaced our prior revolving credit facility. In connection with this transaction, in fiscal 2014 the Company wrote off $0.6 million of deferred financing costs to the interest expense line of the Consolidated Statements of Earnings. Meredith issued $150.0 million in private placement floating-rate senior notes during fiscal 2014, which are due February 28, 2024 . In fiscal 2015, Meredith issued $100.0 million in private placement floating-rate senior notes, which are due December 19, 2022 . During fiscal 2015, the Company entered into interest rate swap agreements to hedge variable interest rate risk on the $250.0 million floating-rate senior notes and on $50.0 million of the term loan. The expiration of the swaps is as follows: $50.0 million in August 2018, $100.0 million in March 2019, and $150.0 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, 1.53 percent on the swap maturing in March 2019, 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) ( 0.45 percent on the swap maturing in August 2018, 0.65 percent on the swap maturing in March 2019, and 0.69 percent on the swaps maturing in August 2019 as of June 30, 2016 ) on the $300.0 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 either June 30, 2016 or 2015 . 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 June 30, 2016 and 2015 , the swaps had a fair value of a net liability of $7.3 million and $2.2 million , respectively. 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. There was no potential loss that the Company would incur on the interest rate swaps if the counterparties were to fail to meet their obligations under the agreements at June 30, 2016 , and $1.1 million at June 30, 2015 . 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 June 30, 2016 . The interest rates on the private placement floating-rate senior notes is based on a fixed spread over LIBOR. Interest rates on the private placement floating-rate senior notes were 3.03 percent on the $100.0 million note and 3.26 percent on the $150.0 million note at June 30, 2016 , after taking into account the effect of outstanding interest rate swap agreements. As of June 30, 2016 , the weighted average interest rate was 2.13 percent for the revolving credit facility and term loan, after taking into account the effect of the outstanding interest rate swap agreement. The interest rate under both facilities is variable based on LIBOR and Meredith's debt to trailing 12 month EBITDA (earnings before interest, taxes, depreciation, and amortization as defined in the debt agreement) ratio. All of the Company's debt agreements include financial covenants and failure to comply with any such covenants could result in the debt becoming payable on demand. The most significant financial covenants require a ratio of debt to trailing 12 month EBITDA of less than 3.75 and a ratio of EBITDA to interest expense of greater than 2.75 . The Company was in compliance with these and all other financial covenants at June 30, 2016 . Interest expense related to long-term debt totaled $19.7 million in fiscal 2016 , $18.5 million in fiscal 2015 , and $10.9 million in fiscal 2014 . At June 30, 2016 , Meredith had additional credit available under the asset-backed bank facility of up to $20.0 million (depending on levels of accounts receivable) and had $160.0 million of credit available under the revolving credit facility with an option to request up to another $200.0 million . The commitment fee for the asset-backed bank facility ranges from 0.40 percent to 0.45 percent of the unused commitment based on utilization levels. The commitment fees for the revolving credit facility ranges from 0.125 percent to 0.25 percent of the unused commitment based on the Company's leverage ratio. Commitment fees paid in fiscal 2016 were not material.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table shows income tax expense (benefit) attributable to earnings before income taxes: Years ended June 30, 2016 2015 2014 (In thousands) Currently payable Federal $ 59,173 $ 39,429 $ 37,615 State 7,263 4,583 2,764 Foreign 30 35 37 66,466 44,047 40,416 Deferred Federal 8,297 36,314 18,138 State 1,507 5,608 2,386 Foreign — — (142 ) 9,804 41,922 20,382 Income taxes $ 76,270 $ 85,969 $ 60,798 The differences between the statutory U.S. federal income tax rate and the effective tax rate were as follows: Years ended June 30, 2016 2015 2014 U.S. statutory tax rate 35.0 % 35.0 % 35.0 % State income taxes, less federal income tax benefits 3.6 2.9 2.2 Settlements - audits / tax litigation (0.4 ) (0.1 ) (0.3 ) Impairment of goodwill 29.3 — — Restructuring of international operations — — (2.5 ) Other 1.7 0.8 0.5 Effective income tax rate 69.2 % 38.6 % 34.9 % The Company's effective tax rate was 69.2 percent in fiscal 2016 , 38.6 percent in fiscal 2015 , and 34.9 percent in fiscal 2014 . In fiscal 2016, the Company recorded an impairment of goodwill of $116.9 million , of which approximately 20 percent was deductible for income tax purposes. The fiscal 2014 rate reflected tax benefits realized due to expiring federal and state statutes of limitations and federal tax benefits from the restructuring of Meredith's international operations. The tax effects of temporary differences that gave rise to deferred tax assets and deferred tax liabilities were as follows: June 30, 2016 2015 (In thousands) Deferred tax assets Accounts receivable allowances and return reserves $ 12,742 $ 15,670 Compensation and benefits 45,813 35,850 Indirect benefit of uncertain state and foreign tax positions 10,598 9,925 All other assets 10,571 7,068 Total deferred tax assets 79,724 68,513 Valuation allowance (905 ) (1,808 ) Net deferred tax assets 78,819 66,705 Deferred tax liabilities Subscription acquisition costs 88,177 87,036 Accumulated depreciation and amortization 292,871 288,952 Deferred gains from dispositions 23,786 23,908 All other liabilities 10,331 6,842 Total deferred tax liabilities 415,165 406,738 Net deferred tax liability $ 336,346 $ 340,033 The Company's deferred tax assets are more likely than not to be fully realized except for a valuation allowance of $0.9 million that was recorded for certain net operating losses booked in fiscal 2013. In November 2015, the FASB issued guidance simplifying the presentation of deferred tax assets and deferred tax liabilities. The new guidance no longer requires the presentation of current deferred tax assets and deferred tax liabilities on a classified balance sheet, rather requiring all to be presented as non-current. The Company prospectively adopted this guidance in fiscal 2016. As required by the guidance, all deferred tax assets and liabilities are classified as non-current in our consolidated balance sheet as of June 30, 2016, which is a change from our historical presentation whereby certain of our deferred tax assets and liabilities were classified as current and the remainder were classified as non-current. The June 30, 2015, balance sheet has not been retrospectively adjusted. Thus net current portions of deferred tax assets and liabilities are included in accrued expenses-other taxes and expenses in the Consolidated Balance Sheet at June 30, 2015 . A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows: Years ended June 30, 2016 2015 (In thousands) Balance at beginning of year $ 35,919 $ 37,995 Increases in tax positions for prior years 51 — Decreases in tax positions for prior years (2,334 ) (2,028 ) Increases in tax positions for current year 6,259 5,686 Settlements (97 ) (1,853 ) Lapse in statute of limitations (1,832 ) (3,881 ) Balance at end of year $ 37,966 $ 35,919 The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was $28.3 million as of June 30, 2016 , and $27.3 million as of June 30, 2015 . The uncertain tax benefit recognized during fiscal 2016 from lapse in statute of limitations that related to income tax positions on temporary differences was $0.9 million . The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. The amount of accrued interest and penalties related to unrecognized tax benefits was $8.6 million and $7.7 million as of June 30, 2016 and 2015 , respectively. The total amount of unrecognized tax benefits at June 30, 2016 , may change significantly within the next 12 months , decreasing by an estimated range of $9.5 million to $25.1 million . The change, if any, may result primarily from foreseeable federal and state examinations, ongoing federal and state examinations, anticipated state settlements, expiration of various statutes of limitation, the results of tax cases, or other regulatory developments. The Company's federal tax returns have been audited through fiscal 2002, and are closed by expiration of the statute of limitations for fiscal 2003, fiscal 2004, and fiscal 2005. Fiscal 2006 through fiscal 2012 are under the jurisdiction of IRS Appeals. The Company has various state income tax examinations ongoing and at various stages of completion, but generally the state income tax returns have been audited or closed to audit through fiscal 2005.

Pension and Postretirement Bene

Pension and Postretirement Benefit Plans	12 Months Ended
	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Pension and Postretirement Benefit Plans	Pension and Postretirement Benefit Plans Savings and Investment Plan Meredith maintains a 401(k) Savings and Investment Plan that permits eligible employees to contribute funds on a pre-tax basis. The plan allows employee contributions of up to 50 percent of eligible compensation subject to the maximum allowed under federal tax provisions. The Company matches 100 percent of the first 3 percent and 50 percent of the next 2 percent of employee contributions. The 401(k) Savings and Investment Plan allows employees to choose among various investment options, including the Company's common stock, for both their contributions and the Company's matching contribution. Company contribution expense under this plan totaled $9.6 million in fiscal 2016 , $9.7 million in fiscal 2015 , and $9.3 million in fiscal 2014 . Pension and Postretirement Plans Meredith has noncontributory pension plans covering substantially all employees. These plans include qualified (funded) plans as well as nonqualified (unfunded) plans. These plans provide participating employees with retirement benefits in accordance with benefit provision formulas. The nonqualified plans provide retirement benefits only to certain highly compensated employees. The Company also sponsors defined healthcare and life insurance plans that provide benefits to eligible retirees. Obligations and Funded Status The following tables present changes in, and components of, the Company's net assets/liabilities for pension and other postretirement benefits: Pension Postretirement June 30, 2016 2015 2016 2015 (In thousands) Change in benefit obligation Benefit obligation, beginning of year $ 155,427 $ 152,608 $ 9,408 $ 10,445 Service cost 11,908 12,173 101 117 Interest cost 5,874 5,582 385 407 Participant contributions — — 748 802 Actuarial loss (gain) 15,085 (1,996 ) 565 (1,007 ) Benefits paid (including lump sums) (26,402 ) (12,940 ) (1,541 ) (1,356 ) Benefit obligation, end of year $ 161,892 $ 155,427 $ 9,666 $ 9,408 Change in plan assets Fair value of plan assets, beginning of year $ 141,586 $ 145,179 $ — $ — Actual return on plan assets 1,129 3,857 — — Employer contributions 6,270 5,490 793 554 Participant contributions — — 748 802 Benefits paid (including lump sums) (26,402 ) (12,940 ) (1,541 ) (1,356 ) Fair value of plan assets, end of year $ 122,583 $ 141,586 $ — $ — Under funded status, end of year $ (39,309 ) $ (13,841 ) $ (9,666 ) $ (9,408 ) Benefits paid directly from Meredith assets are included in both employer contributions and benefits paid. Fair value measurements for pension assets as of June 30, 2016 , were as follows: June 30, 2016 Total Fair Value Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments in registered investment companies 1 $ 120,996 $ 65,376 $ — $ — Pooled separate accounts 1 1,587 — — — Total assets at fair value $ 122,583 $ 65,376 $ — $ — 1 Certain investments that are measured at fair value using NAV per share have not been categorized in the fair value hierarchy. The fair Fair value measurements for pension assets as of June 30, 2015 , were as follows: June 30, 2015 Total Fair Value Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments in registered investment companies 1 $ 140,983 $ 80,229 $ — $ — Pooled separate accounts 1 603 — — — Total assets at fair value $ 141,586 $ 80,229 $ — $ — 1 Certain investments that are measured at fair value using NAV per share have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented as the change in plan assets. Refer to Note 14 for a discussion of the three levels in the hierarchy of fair values. The following amounts are recognized in the Consolidated Balance Sheets: Pension Postretirement June 30, 2016 2015 2016 2015 (In thousands) Other assets Prepaid benefit cost $ 1,458 $ 18,071 $ — $ — Accrued expenses-compensation and benefits Accrued benefit liability (4,703 ) (2,780 ) (656 ) (700 ) Other noncurrent liabilities Accrued benefit liability (36,064 ) (29,132 ) (9,010 ) (8,708 ) Net amount recognized, end of year $ (39,309 ) $ (13,841 ) $ (9,666 ) $ (9,408 ) The accumulated benefit obligation for all defined benefit pension plans was $144.8 million and $143.4 million at June 30, 2016 and 2015 , respectively. The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: June 30, 2016 2015 (In thousands) Projected benefit obligation $ 40,867 $ 32,012 Accumulated benefit obligation 35,225 29,099 Fair value of plan assets 100 100 Costs The components of net periodic benefit costs recognized in the Consolidated Statements of Earnings were as follows: Pension Postretirement Years ended June 30, 2016 2015 2014 2016 2015 2014 (In thousands) Components of net periodic benefit costs Service cost $ 11,908 $ 12,173 $ 10,196 $ 101 $ 117 $ 170 Interest cost 5,874 5,582 5,604 385 407 480 Expected return on plan assets (10,982 ) (11,037 ) (9,687 ) — — — Prior service cost (credit) amortization 194 225 391 (428 ) (432 ) (440 ) Actuarial loss (gain) amortization 628 667 2,030 (677 ) (433 ) (365 ) Curtailment credit — — — — — (1,511 ) Settlement charge 5,586 — — — — — Net periodic benefit costs (credit) $ 13,208 $ 7,610 $ 8,534 $ (619 ) $ (341 ) $ (1,666 ) The pension settlement charge recorded in the fourth quarter of fiscal 2016 related to cash distributions paid by the pension plan during fiscal 2016 exceeding a prescribed threshold. This required that a portion of pension losses within accumulated other comprehensive income (loss) be realized in the period that the related pension liabilities were settled. Amounts recognized in the accumulated other comprehensive loss component of shareholders' equity for Company-sponsored plans were as follows: Pension Postretirement Total Pension Postretirement Total June 30, 2016 2015 (In thousands) Unrecognized net actuarial losses (gains), net of taxes $ 24,267 $ (1,305 ) $ 22,962 $ 12,733 $ (2,070 ) $ 10,663 Unrecognized prior service cost (credit), net of taxes 470 (452 ) 18 589 (716 ) (127 ) Total $ 24,737 $ (1,757 ) $ 22,980 $ 13,322 $ (2,786 ) $ 10,536 During fiscal 2017 , the Company expects to recognize as part of its net periodic benefit costs $3.6 million of net actuarial losses and $0.2 million of prior-service costs for the pension plans, and $0.3 million of net actuarial gains and $0.4 million of prior-service credit for the postretirement plan that are included, net of taxes, in the accumulated other comprehensive loss component of shareholders' equity at June 30, 2016 . Assumptions Benefit obligations were determined using the following weighted average assumptions: Pension Postretirement June 30, 2016 2015 2016 2015 Weighted average assumptions Discount rate 2.98 % 3.75 % 3.40 % 4.20 % Rate of compensation increase 3.50 % 3.50 % 3.50 % 3.50 % Rate of increase in health care cost levels Initial level n/a n/a 7.00 % 7.00 % Ultimate level n/a n/a 5.00 % 5.00 % Years to ultimate level n/a n/a 5 years 6 years n/a - Not applicable Net periodic benefit costs were determined using the following weighted average assumptions: Pension Postretirement Years ended June 30, 2016 2015 2014 2016 2015 2014 Weighted average assumptions Discount rate 3.75 % 3.57 % 3.93 % 4.20 % 4.00 % 4.50 % Expected return on plan assets 8.00 % 8.00 % 8.00 % n/a n/a n/a Rate of compensation increase 3.50 % 3.50 % 3.50 % 3.50 % 3.50 % 3.50 % Rate of increase in health care cost levels Initial level n/a n/a n/a 7.00 % 7.00 % 7.50 % Ultimate level n/a n/a n/a 5.00 % 5.00 % 5.00 % Years to ultimate level n/a n/a n/a 6 years 4 years 5 years n/a - Not applicable The expected return on plan assets assumption was determined, with the assistance of the Company's investment consultants, based on a variety of factors. These factors include but are not limited to the plans' asset allocations, review of historical capital market performance, historical plan performance, current market factors such as inflation and interest rates, and a forecast of expected future asset returns. The Company reviews this long-term assumption on a periodic basis. Assumed rates of increase in healthcare cost have a significant effect on the amounts reported for the healthcare plans. A change of one percentage point in the assumed healthcare cost trend rates would have the following effects: One Percentage Point Increase One Percentage Point Decrease (In thousands) Effect on service and interest cost components for fiscal 2016 $ 27 $ (22 ) Effect on postretirement benefit obligation as of June 30, 2016 458 (374 ) Plan Assets The targeted and weighted average asset allocations by asset category for investments held by the Company's pension plans are as follows: 2016 Allocation 2015 Allocation June 30, Target Actual Target Actual Domestic equity securities 35 % 30 % 35 % 35 % Fixed income investments 30 % 32 % 30 % 29 % International equity securities 25 % 27 % 25 % 25 % Global equity securities 10 % 11 % 10 % 11 % Fair value of plan assets 100 % 100 % 100 % 100 % Meredith's investment policy seeks to maximize investment returns while balancing the Company's tolerance for risk. The plan fiduciaries oversee the investment allocation process. This includes selecting investment managers, setting long-term strategic targets, and monitoring asset allocations. Target allocation ranges are guidelines, not limitations, and plan fiduciaries may occasionally approve allocations above or below a target range, or elect to rebalance the portfolio within the targeted range. The investment portfolio contains a diversified blend of equity and fixed-income investments. Furthermore, equity investments are diversified across domestic and international stocks and between growth and value stocks and small and large capitalizations. The primary investment strategy currently employed is a dynamic target allocation method that periodically rebalances among various investment categories depending on the current funded position. This program is designed to actively move from return-seeking investments (such as equities) toward liability-hedging investments (such as long-duration fixed-income) as funding levels improve. The reverse effect occurs when funding levels decrease. Equity securities did not include any Meredith Corporation common or Class B stock at June 30, 2016 or 2015 . Cash Flows Although we do not have a minimum funding requirement for the pension plans in fiscal 2017 , the Company is currently determining what voluntary pension plan contributions, if any, will be made in fiscal 2017 . Actual contributions will be dependent upon investment returns, changes in pension obligations, and other economic and regulatory factors. Meredith expects to contribute $0.7 million to its postretirement plan in fiscal 2017 . The following benefit payments, which reflect expected future service as appropriate, are expected to be paid: Years ending June 30, Pension Benefits Postretirement Benefits (In thousands) 2017 $ 19,999 $ 656 2018 19,270 705 2019 18,579 691 2020 22,536 675 2021 19,474 662 2022-2026 75,236 2,958 Other The Company maintains collateral assignment split-dollar life insurance arrangements on certain key officers and retirees. The net periodic pension cost for fiscal 2016 , 2015 , and 2014 was $0.4 million , $0.4 million , and $0.3 million , respectively, and the accrued liability at June 30, 2016 and 2015 , was $4.6 million and $4.2 million , respectively.

Earnings per Share

Earnings per Share	12 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The calculation of basic earnings per share for each period is based on the weighted average number of common and Class B shares outstanding during the period. The calculation of diluted earnings per share for each period is based on the weighted average number of common and Class B shares outstanding during the period plus the effect, if any, of dilutive common stock equivalent shares. The following table presents the calculations of earnings per share: Years ended June 30, 2016 2015 2014 (In thousands except per share data) Net earnings $ 33,937 $ 136,791 $ 113,541 Basic average shares outstanding 44,606 44,522 44,636 Dilutive effect of stock options and equivalents 751 801 774 Diluted average shares outstanding 45,357 45,323 45,410 Earnings per share Basic $ 0.76 $ 3.07 $ 2.54 Diluted 0.75 3.02 2.50 In addition, antidilutive options excluded from the above calculations totaled 1.3 million options for the year ended June 30, 2016 ( $49.02 weighted average exercise price), 0.9 million options for the year ended June 30, 2015 ( $50.52 weighted average exercise price), and 1.8 million options for the year ended June 30, 2014 ( $50.54 weighted average exercise price).

Capital Stock

Capital Stock	12 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Capital Stock	Capital Stock The Company has two classes of common stock outstanding: common and Class B. Each class receives equal dividends per share. Class B stock, which has 10 votes per share , is not transferable as Class B stock except to family members of the holder or certain other related entities. At any time, Class B stock is convertible, share for share, into common stock with one vote per share . Class B stock transferred to persons or entities not entitled to receive it as Class B stock will automatically be converted and issued as common stock to the transferee. The principal market for trading the Company's common stock is the New York Stock Exchange (trading symbol MDP). No separate public trading market exists for the Company's Class B stock. From time to time, the Company's Board of Directors has authorized the repurchase of shares of the Company's common stock and Class B stock. In May 2014, the Board approved the repurchase of $100.0 million of shares. As of June 30, 2016 , $84.0 million remained available under the current authorizations for future repurchases. Repurchases of the Company's common and Class B stock are as follows: Years ended June 30, 2016 2015 2014 (In thousands) Number of shares 651 925 1,640 Cost at market value $ 31,080 $ 46,764 $ 78,226 Shares deemed to be delivered to the Company on tender of stock in payment for the exercise price of options do not reduce the repurchase authority granted by our Board. Shares tendered for the exercise price of stock options were 0.4 million shares at a cost of $18.0 million in fiscal 2016 , 0.7 million shares at a cost of $35.6 million in fiscal 2015 , and 1.1 million shares at a cost of $54.1 million in fiscal 2014 .

Common Stock and Share-based Co

Common Stock and Share-based Compensation Plans	12 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Common Stock and Share-based Compensation Plans	Common Stock and Share-based Compensation Plans Meredith has an employee stock purchase plan and a stock incentive plan, both of which are shareholder-approved. More detailed descriptions of these plans follows. Compensation expense recognized for these plans was $12.8 million in fiscal 2016 , $12.5 million in fiscal 2015 , and $12.2 million in fiscal 2014 . The total income tax benefit recognized in earnings was $4.6 million in fiscal 2016 , $4.6 million in fiscal 2015 , and $4.5 million in fiscal 2014 . Employee Stock Purchase Plan Meredith has an employee stock purchase plan (ESPP) available to substantially all employees. As of January 1, 2016, the ESPP was suspended indefinitely. The ESPP allows employees to purchase shares of Meredith common stock through payroll deductions at the lesser of 85 percent of the fair market value of the stock on either the first or last trading day of an offering period. The ESPP has quarterly offering periods. One million five hundred thousand common shares are authorized and approximately 244,000 shares remain available for issuance under the ESPP. Compensation cost for the ESPP is based on the present value of the cash discount and the fair value of the call option component as of the grant date using the Black-Scholes o ption-pricing model. The term of the option is three months, the term of the offering period. The expected stock price volatility was 36 percent i n fiscal 2016 , 37 percent in fiscal 2015 , and 36 percent in fiscal 2014 . I nformation about the shares issued under this plan is as follows: Years ended June 30, 2016 2015 2014 Shares issued (in thousands) 45 72 86 Average fair value $ 6.77 $ 7.52 $ 7.59 Average purchase price 35.94 39.95 40.30 Average market price 42.91 50.83 48.36 Stock Incentive Plan Meredith has a stock incentive plan that permits the Company to issue stock options, restricted stock, stock equivalent units, restricted stock units, and performance shares to key employees and directors of the Company. Approximately 8.7 million shares remained ava ilable for future awards under the plan as of June 30, 2016 . Forfeited awards, shares deemed to be delivered to us on tender of stock in payment for the exercise price of options, and shares reacquired pursuant to tax withholding on option exercises and the vesting of restricted shares increase shares available for future awards. The plan is designed to provide an incentive to contribute to the achievement of long-range corporate goals; provide flexibility in motivating, attracting, and retaining employees; and to align more closely the employees' interests with those of shareholders. The Company has awarded restricted shares of common stock and restricted stock units to eligible key employees and to non-employee directors under the plan. In addition, certain awards are granted based on specified levels of Company stock ownership. All awards have restriction periods tied primarily to employment and/or service. The awards generally vest over three or five years . The awards are recorded at the market value of traded shares on the date of the grant as unearned compensation. The initial values of the grants, net of estimated forfeitures, are amortized over the vesting periods. The Company's restricted stock activity during the year ended June 30, 2016 , was as follows: Restricted Stock Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Shares and Aggregate Intrinsic Value in thousands) Nonvested at June 30, 2015 365 $ 40.48 Granted 9 47.01 Vested (185 ) 35.14 Forfeited (10 ) 47.86 Nonvested at June 30, 2016 179 45.93 $ 9,295 As of June 30, 2016 , there was $0.5 million of une arned compensation cost related to restricted stock granted under the plan. That cost is expected to be recognized over a weighted average period of 0.9 years. The weighted average grant date fair value of restricted stock granted during the years ended June 30, 2016 , 2015 , and 2014 was $47.01 , $51.22 , and $48.01 , respectively. The total fair value of shares vested during the years ended June 30, 2016 , 2015 , and 2014 , was $8.5 million , $7.8 million , and $6.2 million , respectively. The Company's restricted stock unit activity during the year ended June 30, 2016 , was as follows: Restricted Stock Units Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Shares and Aggregate Intrinsic Value in thousands) Nonvested at June 30, 2015 159 $ 46.22 Granted 182 44.44 Vested (2 ) 45.69 Forfeited (20 ) 45.25 Nonvested at June 30, 2016 319 45.28 $ 16,544 As of June 30, 2016 , there was $4.7 million of unearned compensation cost related to restricted stock units granted under the plan. That cost is expected to be recognized over a weighted average period of 1.7 years. The weighted average grant date fair value of restricted stock units granted during the years ended June 30, 2016 and 2015 was $44.44 and $46.21 . The total fair value of shares vested during the years ended June 30, 2016 and 2015 was $0.1 million and $0.1 million . Meredith also has outstanding stock equivalent units resulting from the deferral of compensation of employees and directors under various deferred compensation plans. The period of deferral is specified when the deferral election is made. These stock equivalent units are issued at the market price of the underlying stock on the date of deferral. In addition, shares of restricted stock may be converted to stock equivalent units upon vesting. The following table summarizes the activity for stock equivalent units during the year ended June 30, 2016 : Stock Equivalent Units Units Weighted Average Issue Date Fair Value Aggregate Intrinsic Value (Units and Aggregate Intrinsic Value in thousands) Balance at June 30, 2015 265 $ 36.12 Additions 34 41.10 Converted to common stock (3 ) 29.54 Balance at June 30, 2016 296 36.77 $ 4,482 The total intrinsic value of stock equivalent units converted to common stock was $0.1 million in fiscal 2016 , $0.1 million in fiscal 2015 , and $0.1 million for fiscal year 2014 . Meredith has granted nonqualified stock options to certain employees and directors under the plan. The grant date of options issued is the date the Compensation Committee of the Board of Directors approves the granting of the options. The exercise price of options granted is set at the fair value of the Company's common stock on the grant date. All options granted under the plan expire at the end of 10 years . Options granted to employees vest three years from the date of grant and options granted to directors vest one-third each year during the three-year period from date of grant. A summary of stock option activity and weighted average exercise prices follows: Stock Options Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (Options and Aggregate Intrinsic Value in thousands) Outstanding July 1, 2015 2,667 $ 40.55 Granted 445 44.94 Exercised (524 ) 34.65 Forfeited (174 ) 47.72 Outstanding June 30, 2016 2,414 42.12 5.7 $ 24,648 Exercisable June 30, 2016 1,276 38.38 3.6 18,276 The fair value of each option is estimated as of the date of grant using the Black-Scholes option-pricing model. Expected volatility is based on historical volatility of the Company's common stock and other factors. The expected life of options granted incorporates historical employee exercise and termination behavior. Different expected lives are used for separate groups of employees who have similar historical exercise patterns. The risk-free rate for periods that coincide with the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. The following summarizes the assumptions used in determining the fair value of options granted: Years ended June 30, 2016 2015 2014 Risk-free interest rate 1.8-2.0% 1.4-2.0% 1.9-2.1% Expected dividend yield 4.00 % 4.00 % 4.20 % Expected option life 7 yrs 7 yrs 7 yrs Expected stock price volatility 36 % 37 % 36 % The weighted average grant date f air value of options granted during the years ended June 30, 2016 , 2015 , and 2014 , wa s $10.80 , $11.59 , and $11.41 , respectively. The total intrinsic value of options exercised during the years ended June 30, 2016 , 2015 , and 2014 wa s $8.0 million , $14.2 million , and $9.6 million , respectively. A s of June 30, 2016 , there was $2.6 million in unrecognized compensation cost for stock options granted under the plan. This cost is expected to be recognized over a weighted average period of 1.6 years . Cash received from option exercises under all share-based payment plans for the years ended June 30, 2016 , 2015 , and 2014 was $18.2 million , $37.7 million , and $54.5 million , respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $3.0 million , $5.5 million , and $3.7 million , respectively, for the years ended June 30, 2016 , 2015 , and 2014 .

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities The Company occupies certain facilities and sales offices and uses certain equipment under lease agreements. Rental expense for such leases w as $20.9 million in fiscal 2016 , $20.1 million in fiscal 2015 , and $20.2 million in fiscal 2014 . Below are the minimum rental commitments at June 30, 2016 , under all noncancelable operating leases due in succeeding fiscal years: Years ending June 30, (In thousands) 2017 $ 16,524 2018 15,099 2019 13,411 2020 13,090 2021 14,337 Thereafter 54,405 Total minimum rentals $ 126,866 Most of the future lease payments relate to the lease of office facilities in New York City through December 31, 2026 . In the normal course of business, leases that expire are generally renewed or replaced by leases on similar properties. The Company has recorded commitments for broadcast rights payable in future fiscal years. The Company also is obligated to make payments under contracts for broadcast rights not currently available for use and therefore not included in the consolidated financial statements. Such unavailable rights amounted t o $33.0 million at June 30, 2016 . The fair value of these commitments for unavailable broadcast rights, determined by the present value of future cash flows discounted at the Company's current borrowing rate, w as $31.8 million at June 30, 2016 . The table shows broadcast rights payments due in succeeding fiscal years: Years ending June 30, Recorded Commitments Unavailable Rights (In thousands) 2017 $ 4,649 $ 11,140 2018 1,234 12,822 2019 1,064 5,751 2020 1,053 2,863 2021 795 419 Thereafter 1,378 — Total amounts payable $ 10,173 $ 32,995 The Company is involved in certain litigation and claims arising in the normal course of business. In the opinion of management, liabilities, if any, arising from existing litigation and claims are not expected to have a material effect on the Company's earnings, financial position, or liquidity.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	12 Months Ended
	Jun. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) Comprehensive income (loss) is defined as the change in equity during a period from transactions and other events and circumstances from nonowner sources. Comprehensive income (loss) includes net earnings as well as items of other comprehensive income (loss). The following table summarizes the items of other comprehensive income (loss) and the accumulated other comprehensive loss balances: Minimum Pension/Post Retirement Liability Adjustments Interest Accumulated (In thousands) Balance at June 30, 2013 $ (16,341 ) $ — $ (16,341 ) Current-year adjustments, pretax 12,310 — 12,310 Tax expense (4,727 ) — (4,727 ) Other comprehensive income 7,583 — 7,583 Balance at June 30, 2014 (8,758 ) — (8,758 ) Current-year adjustments, pretax (4,206 ) (2,109 ) (6,315 ) Tax benefit 1,615 810 2,425 Other comprehensive loss (2,591 ) (1,299 ) (3,890 ) Balance at June 30, 2015 (11,349 ) (1,299 ) (12,648 ) Current-year adjustments, pretax (20,703 ) (5,034 ) (25,737 ) Tax benefit 7,951 1,933 9,884 Other comprehensive loss (12,752 ) (3,101 ) (15,853 ) Balance at June 30, 2016 $ (24,101 ) $ (4,400 ) $ (28,501 )

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Specifically, it establishes a hierarchy prioritizing the use of inputs in valuation techniques. The defined levels within the hierarchy are as follows: • 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 not measured at fair value on a recurring basis: June 30, 2016 June 30, 2015 (In thousands) Carrying Value Fair Value Carrying Value Fair Value Broadcast rights payable $ 10,173 $ 9,655 $ 7,774 $ 7,490 Long-term debt 695,000 695,533 795,000 797,121 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. As of June 30, 2016 , the Company had assets related to its qualified pension plans measured at fair value. The required disclosures regarding such assets are presented within Note 8. In addition, the Company has liabilities related to contingent consideration payables that are valued at estimated fair value as discussed in Note 2 and interest rate swaps discussed in Note 6. In fiscal 2016, the Company committed to a plan to sell the Company's two corporate airplanes. In conjunction with that plan, the Company wrote the assets to fair value. The Company does not have any other assets or liabilities recognized at fair value. The following table sets forth the assets and liabilities measured at fair value on a recurring basis: (In thousands) June 30, 2016 June 30, 2015 Machinery and equipment Corporate airplanes 1 $ 2,800 $ — Other assets Interest rate swaps — 1,139 Accrued expenses and other liabilities Contingent consideration — 800 Interest rate swaps 2,768 3,295 Other noncurrent liabilities Contingent consideration 56,631 60,735 Interest rate swaps 4,511 — 1 Consistent with the decision to sell the corporate airplanes, these assets were adjusted to fair value in fiscal 2016, therefore, there is no fair market value measurement for fiscal 2015. 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. The fair value of the contingent consideration and the corporate airplanes is based on significant inputs not observable in the market and thus represents Level 3 measurements. The following table represents the changes in the fair value of Level 3 contingent consideration and corporate airplanes for the year ended June 30, 2016 and June 30, 2015 . June 30, 2016 2015 (in thousands) Contingent consideration Balance at beginning of year $ 61,535 $ 1,700 Additions due to acquisitions — 61,335 Payments (800 ) — Change in present value of contingent consideration 1 (4,104 ) (1,500 ) Balance at end of year $ 56,631 $ 61,535 Corporate airplanes 2 Balance at beginning of period $ 8,439 $ — Fair market value adjustment of corporate airplanes (5,639 ) — Balance at end of year $ 2,800 $ — 1 Change in present value of contingent consideration is included in earning and comprised of changes in estimated earn out payments based on projections of performance and the amortization of the present value discount. 2 Consistent with the decision to sell the corporate airplanes, these assets were adjusted to fair value in fiscal 2016, therefore, there is no fair market value measurement for fiscal 2015.

Financial Information about Ind

Financial Information about Industry Segments	12 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Financial Information about Industry Segments	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. The national media segment includes magazine publishing, customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. The local media segment consists primarily of the operations of network-affiliated television stations. Virtually all of the Company's revenues are generated in the U.S. and substantially all of the assets reside within the U.S. There are no material intersegment transactions. There are two principal financial measures reported to the chief executive officer (the chief operating decision maker) for use in assessing segment performance and allocating resources. Those measures are operating profit and EBITDA. Operating profit for segment reporting, disclosed below, is revenues less operating costs and 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 attributable to the operating groups. Interest income and expense are not allocated to the segments. In accordance with authoritative guidance on disclosures about segments of an enterprise and related information, EBITDA is not presented below. Significant non-cash items included in segment operating expenses other than depreciation and amortization of fixed and intangible assets is the amortization of broadcast rights in the local media segment. Broadcast rights amortization totaled $16.7 million in fiscal 2016 , $16.6 million in fiscal 2015 , and $8.8 million in fiscal 2014 . Segment assets include intangible, fixed, and all other non-cash assets identified with each segment. Jointly used assets such as office buildings and information technology equipment are allocated to the segments by appropriate methods, primarily number of employees. Unallocated corporate assets consist primarily of cash and cash items, assets allocated to or identified with corporate staff departments, and other miscellaneous assets not assigned to a segment. The following table presents financial information by segment: Years ended June 30, 2016 2015 2014 (In thousands) Revenues National media $ 1,101,183 $ 1,059,852 $ 1,065,898 Local media 548,445 534,324 402,810 Total revenues $ 1,649,628 $ 1,594,176 $ 1,468,708 Segment profit (loss) National media $ (17,693 ) $ 122,681 $ 113,113 Local media 158,481 162,677 113,060 Unallocated corporate (10,179 ) (43,246 ) (39,658 ) Income from operations 130,609 242,112 186,515 Interest expense, net (20,402 ) (19,352 ) (12,176 ) Earnings before income taxes $ 110,207 $ 222,760 $ 174,339 Depreciation and amortization National media $ 18,698 $ 17,186 $ 18,253 Local media 38,332 37,521 28,815 Unallocated corporate 2,122 1,839 1,658 Total depreciation and amortization $ 59,152 $ 56,546 $ 48,726 Assets National media $ 1,478,243 $ 1,665,542 $ 1,422,855 Local media 1,054,311 1,072,152 996,935 Unallocated corporate 95,731 105,588 124,010 Total assets $ 2,628,285 $ 2,843,282 $ 2,543,800 Capital expenditures National media $ 4,739 $ 4,829 $ 5,491 Local media 17,250 23,224 16,578 Unallocated corporate 3,046 5,192 2,753 Total capital expenditures $ 25,035 $ 33,245 $ 24,822

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Jun. 30, 2016
Selected Quarterly Financial Information [Abstract]
Selected Quarterly Financial Data (unaudited)	Selected Quarterly Financial Data (unaudited) Year ended June 30, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands except per share data) Revenues National media $ 258,199 $ 266,527 $ 281,843 $ 294,614 $ 1,101,183 Local media 126,467 139,886 140,928 141,164 548,445 Total revenues $ 384,666 $ 406,413 $ 422,771 $ 435,778 $ 1,649,628 Operating profit (loss) National media $ 22,803 $ 33,583 $ 34,781 $ (108,860 ) $ (17,693 ) Local media 29,327 40,441 46,150 42,563 158,481 Unallocated corporate (23,118 ) (13,911 ) 47,107 (20,257 ) (10,179 ) Income (loss) from operations $ 29,012 $ 60,113 $ 128,038 $ (86,554 ) $ 130,609 Net earnings (loss) $ 11,029 $ 32,519 $ 80,904 $ (90,515 ) $ 33,937 Basic earnings (loss) per share 0.25 0.73 1.81 (2.03 ) 0.76 Diluted earnings (loss) per share 0.24 0.72 1.79 (2.03 ) 0.75 Dividends per share 0.4575 0.4575 0.4950 0.4950 1.9050 In the first quarter of fiscal 2016, the Company recorded $12.7 million of merger-related expenses and a pre-tax restructuring charge of $3.4 million . Also in the first quarter, the Company recorded a reduction in contingent consideration payable of $1.4 million and $1.1 million in reversals of excess restructuring reserves accrued in prior fiscal years. In the second quarter of fiscal 2016, the Company recorded $3.5 million of merger-related expenses and a pre-tax restructuring charge of $1.0 million . In the third quarter of fiscal 2016, the Company received $60.0 million of cash in conjunction with the termination of the Media General merger. Also in the third quarter, the Company recorded a pre-tax restructuring charge of $3.5 million and recorded a reduction in contingent consideration payable of $1.8 million . In the fourth quarter of fiscal 2016, the Company recorded an impairment of the goodwill of the national media segment of $116.9 million , the impairment of the American Baby trademark of $38.9 million , the write-down to fair value of the Company's two airplanes of $5.7 million , a pension settlement charge of $5.6 million , and a pre-tax restructuring charge of $2.4 million . Also in the fourth quarter, the Company recorded a reduction in contingent consideration payable of $3.2 million and $1.7 million in reversals of excess restructuring reserves accrued in prior fiscal years. As a result of changes in shares outstanding during the year, the sum of the four quarters' earnings (loss) per share may not necessarily equal the earnings per share for the year. Year ended June 30, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands except per share data) Revenues National media $ 246,326 $ 242,381 $ 275,298 $ 295,847 $ 1,059,852 Local media 124,858 156,524 122,881 130,061 534,324 Total revenues $ 371,184 $ 398,905 $ 398,179 $ 425,908 $ 1,594,176 Operating profit National media $ 28,895 $ 26,107 $ 23,460 $ 44,219 $ 122,681 Local media 36,312 54,986 31,420 39,959 162,677 Unallocated corporate (12,355 ) (12,231 ) (7,774 ) (10,886 ) (43,246 ) Income from operations $ 52,852 $ 68,862 $ 47,106 $ 73,292 $ 242,112 Net earnings $ 29,365 $ 39,591 $ 25,256 $ 42,579 $ 136,791 Basic earnings per share 0.66 0.89 0.57 0.95 3.07 Diluted earnings per share 0.65 0.87 0.56 0.94 3.02 Dividends per share 0.4325 0.4325 0.4575 0.4575 1.7800 In the second quarter of fiscal 2015, the Company recorded a pre-tax restructuring charge of $6.7 million . Also in the second quarter, the Company recorded a reduction in contingent consideration payable of $1.1 million . In the third quarter of fiscal 2015, the Company recorded a pre-tax restructuring charge of $9.9 million . In the fourth quarter of fiscal 2015, the Company recorded a reduction in contingent consideration payable of $1.5 million .

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2016
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS Additions Reserves Deducted from Receivables in the Consolidated Financial Statements: Balance at beginning of period Charged to costs and expenses Charged to other accounts Deductions Balance at end of period (In thousands) Fiscal year ended June 30, 2016 Reserve for doubtful accounts $ 6,523 $ 4,845 $ — $ (4,314 ) $ 7,054 Reserve for returns 1,972 3,797 — (4,492 ) 1,277 Total $ 8,495 $ 8,642 $ — $ (8,806 ) $ 8,331 Fiscal year ended June 30, 2015 Reserve for doubtful accounts $ 5,464 $ 5,044 $ — $ (3,985 ) $ 6,523 Reserve for returns 2,349 4,747 — (5,124 ) 1,972 Total $ 7,813 $ 9,791 $ — $ (9,109 ) $ 8,495 Fiscal year ended June 30, 2014 Reserve for doubtful accounts $ 6,653 $ 3,177 $ — $ (4,366 ) $ 5,464 Reserve for returns 3,906 4,662 — (6,219 ) 2,349 Total $ 10,559 $ 7,839 $ — $ (10,585 ) $ 7,813

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries. Significant intercompany balances and transactions are eliminated. Meredith does not have any off-balance sheet financing activities. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's consolidated financial statements (See Note 6).
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. The Company bases its estimates on historical experience, management expectations for future performance, and other assumptions as appropriate. Key areas affected by estimates include the assessment of the recoverability of long-lived assets, including goodwill and other intangible assets, which is based on such factors as estimated future cash flows; the determination of the net realizable value of broadcast rights, which is based on estimated future revenues; provisions for returns of magazines sold, which are based on historical experience and current marketplace conditions; pension and postretirement benefit expenses, which are actuarially determined and include assumptions regarding discount rates, expected returns on plan assets, and rates of increase in compensation and healthcare costs; and share-based compensation expense, which is based on numerous assumptions including future stock price volatility and employees' expected exercise and post-vesting employment termination behavior. While the Company re-evaluates its estimates on an ongoing basis, actual results may vary from those estimates.
Reclassifications	Certain prior years' amounts related to impairments of long-lived assets have been reclassified to conform to the current year's Consolidated Statements of Earnings presentation.
Cash and Cash Equivalents	Cash and short-term investments with original maturities of three months or less are considered to be cash and cash equivalents. Cash and cash equivalents are stated at cost, which approximates fair value.
Accounts Receivable	The Company's accounts receivable are primarily due from advertisers. Credit is extended to clients based on an evaluation of each client's creditworthiness and financial condition; collateral is not required. The Company maintains allowances for uncollectible accounts, rebates, rate adjustments, returns, and discounts. The allowance for uncollectible accounts is based on the aging of such receivables and any known specific collectability exposures. Accounts are written off when deemed uncollectible. Allowances for rebates, rate adjustments, returns, and discounts are generally based on historical experience and current market conditions. Concentration of credit risk with respect to accounts receivable is generally limited due to the large number of geographically diverse clients and individually small balances.
Inventories	Inventories are stated at the lower of cost or market. Cost is determined on the last-in first-out (LIFO) basis for paper and on the first-in first-out or average basis for all other inventories.
Subscription Acquisition Costs	Subscription acquisition costs primarily represent magazine agency commissions. These costs are deferred and amortized over the related subscription term, typically one to two years . In addition, direct-response advertising costs that are intended to solicit subscriptions and are expected to result in probable future benefits are capitalized. These costs are amortized over the period during which future benefits are expected to be received. The asset balance of the capitalized direct-response advertising costs is reviewed quarterly to ensure the amount is realizable. Any write-downs resulting from this review are expensed as subscription acquisition advertising costs in the current period.
Property, Plant, and Equipment	Property, plant, and equipment are stated at cost. Costs of replacements and major improvements are capitalized, and maintenance and repairs are charged to operations as incurred. Depreciation expense is provided primarily by the straight-line method over the estimated useful lives of the assets: 5 - 45 years for buildings and improvements and 3 - 20 years for machinery and equipment. The costs of leasehold improvements are amortized over the lesser of the useful lives or the terms of the respective leases.
Broadcast Rights	Broadcast rights consist principally of rights to broadcast syndicated programs, sports, and feature films. The total cost of these rights is recorded as an asset and as a liability when programs become available for broadcast. The current portion of broadcast rights represents those rights available for broadcast that are expected to be amortized in the succeeding year. These rights are valued at the lower of unamortized cost or estimated net realizable value, and are generally charged to operations on an accelerated basis over the contract period. Impairments of unamortized costs to net realizable value are included in production, distribution, and editorial expenses in the accompanying Consolidated Statements of Earnings. There were no material impairments to unamortized costs in fiscals 2016 , 2015 , or 2014 . Future write-offs can vary based on changes in consumer viewing trends and the availability and costs of other programming.
Intangible Assets and Goodwill	Amortizable intangible assets consist primarily of network affiliation agreements, retransmission agreements, and advertiser relationships. Intangible assets with finite lives are amortized over their estimated useful lives. The useful life of an intangible asset is the period over which the asset is expected to contribute directly or indirectly to future cash flows. Network affiliation agreements are amortized over the period of time the agreements are expected to remain in place, assuming renewals without material modifications to the original terms and conditions (generally 25 to 40 years from the original acquisition date). Other intangible assets are amortized over their estimated useful lives, ranging from 1 to 10 years . Intangible assets with indefinite lives include Federal Communications Commission (FCC) broadcast licenses. These licenses are granted for a term of up to eight years , but are renewable if the Company provides at least an average level of service to its customers and complies with the applicable FCC rules and policies and the Communications Act of 1934. The Company has been successful in every one of its past license renewal requests and has incurred only minimal costs in the process. The Company expects the television broadcasting business to continue indefinitely; therefore, the cash flows from the broadcast licenses are also expected to continue indefinitely. Goodwill and certain other intangible assets (FCC broadcast licenses and trademarks), which have indefinite lives, are not amortized but tested for impairment annually or when events occur or circumstances change that would indicate the carrying value exceeds the fair value. The review of goodwill is performed at the reporting unit level. The Company has three reporting units, local media, magazine brands, and Meredith Xcelerated Marketing (MXM). We also assess, at least annually, whether assets classified as indefinite-lived intangible assets continue to have indefinite lives. At May 31, 2016, the date the Company last performed our annual evaluation of impairment of goodwill, management elected to perform the quantitative goodwill impairment test for the magazine brands and MXM reporting units, and a qualitative assessment for the local media reporting unit. The first step of the quantitative test is to compare the fair value of a reporting unit to its carrying value. In reviewing other indefinite-lived intangible assets for impairment, the Company compares the fair value of the asset to the asset’s carrying value. In the qualitative assessment, we evaluate the reporting unit to determine if there are cost, legal and regulatory, market or industry, or other macroeconomic factors that would lead us to believe that the carrying value of reporting unit is more likely than not more than its fair value. Fair value is determined using a discounted cash flow model, which requires us to estimate the future cash flows expected to be generated by the reporting unit or to result from the use of the asset. These estimates include assumptions about future revenues (including projections of overall market growth and our share of market), estimated costs, and appropriate discount rates where applicable. Our assumptions are based on historical data, various internal estimates, and a variety of external sources and are consistent with the assumptions used in both our short-term financial forecasts and long-term strategic plans. Depending on the assumptions and estimates used, future cash flow projections can vary within a range of outcomes. Changes in key assumptions about the magazine brands and MXM and their prospects or changes in market conditions could result in an impairment charge.
Impairment of Long-lived Assets	Long-lived assets (primarily property, plant, and equipment and amortizable intangible assets) are reviewed for impairment whenever events and circumstances indicate the carrying value of an asset may not be recoverable. Recoverability is measured by comparison of the forecasted undiscounted cash flows of the operation to which the assets relate to the carrying amount of the assets. Tests for impairment or recoverability require significant management judgment, and future events affecting cash flows and market conditions could result in impairment losses.
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 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 $300.0 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 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.
Revenue Recognition	The Company's primary source of revenue is advertising. Other sources include circulation and other revenues. Advertising revenues— Advertising revenues are recognized when advertisements are published (defined as an issue's on-sale date) or aired by the broadcasting station, net of agency commissions and net of provisions for estimated rebates, rate adjustments, and discounts. Barter revenues are included in advertising revenue and are also recognized when the commercials are broadcast. Barter advertising revenues and the offsetting expense are recognized at the fair value of the advertising surrendered, as determined by similar cash transactions. Barter advertising revenues were not material in any period. Digital advertising revenues are recognized ratably over the contract period or as services are delivered. Circulation revenues— Circulation revenues include magazine single copy and subscription revenue. Single copy revenue is recognized upon publication, net of provisions for estimated returns. The Company bases its estimates for returns on historical experience and current marketplace conditions. Revenues from magazine subscriptions are deferred and recognized proportionately as products are distributed to subscribers. Other revenues— Revenues from customer relationship marketing and other custom programs are recognized when the products or services are delivered. In addition, the Company participates in certain arrangements containing multiple deliverables. The guidance for accounting for multiple-deliverable arrangements requires that overall arrangement consideration be allocated to each deliverable (unit of accounting) in the revenue arrangement based on the relative selling price as determined by vendor specific objective evidence, third-party evidence, or estimated selling price. The related revenue is recognized when each specific deliverable of the arrangement is delivered. Brand licensing-based revenues are accrued generally monthly or quarterly based on the specific mechanisms of each contract. Payments are generally made by the Company's partners on a quarterly basis. Generally, revenues are accrued based on estimated sales and adjusted as actual sales are reported by partners. These adjustments are typically recorded within three months of the initial estimates and have not been material. Any minimum guarantees are typically earned evenly over the fiscal year. Retransmission revenues are recognized over the contract period based on the negotiated fee. In certain instances, revenues are recorded gross in accordance with GAAP although the Company receives cash for a lesser amount due to the netting of certain expenses. Amounts received from customers in advance of revenue recognition are deferred as liabilities and recognized as revenue in the period earned.
Contingent Consideration	The Company estimates and records the acquisition date estimated fair value of contingent consideration as part of purchase price consideration for acquisitions. Additionally, each reporting period, the Company estimates changes in the fair value of contingent consideration, and any change in fair value is recognized in the Consolidated Statement of Earnings. An increase in the earn-out expected to be paid will result in a charge to operations in the quarter that the anticipated fair value of contingent consideration increases, while a decrease in the earn-out expected to be paid will result in a credit to operations in the quarter that the anticipated fair value of contingent consideration decreases. The estimate of the fair value of contingent consideration requires subjective assumptions to be made of future operating results, discount rates, and probabilities assigned to various potential operating result scenarios. Future revisions to these assumptions could materially change the estimate of the fair value of contingent consideration and, therefore, materially affect the Company’s future financial results.
Advertising Expenses	The majority of the Company's advertising expenses relate to direct-mail costs for magazine subscription acquisition efforts. Advertising costs that are not capitalized are expensed the first time the advertising takes place.
Share-based Compensation	The Company establishes fair value for its equity awards to determine their cost and recognizes the related expense over the appropriate vesting period. The Company recognizes expense for stock options, restricted stock, restricted stock units, and shares issued under the Company's employee stock purchase plan.
Income Taxes	The income tax provision is calculated under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period when such a change is enacted. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.
Self-Insurance	The Company self-insures for certain medical claims, and its responsibility generally is capped through the use of a stop loss contract with an insurance company at a certain dollar level (usually $300 thousand ). A third-party administrator is used to process claims. The Company uses actual claims data and estimates of incurred-but-not-reported claims to calculate estimated liabilities for unsettled claims on an undiscounted basis. Although management re-evaluates the assumptions and reviews the claims experience on an ongoing basis, actual claims paid could vary significantly from estimated claims.
Pension and Postretirement Benefits Other Than Pensions	Retirement benefits are provided to employees through pension plans sponsored by the Company. Pension benefits generally are based on the Company's contributions and interest credits allocated to participants' accounts based on years of benefit service and annual pensionable earnings. It is the Company's policy to fund the qualified pension plans to at least the extent required to maintain their fully funded status. In addition, the Company provides health care and life insurance benefits for certain retired employees, the expected costs of which are accrued over the years that the employees render services. It is the Company's policy to fund postretirement benefits as claims are paid.
Comprehensive Income	Comprehensive income consists of net earnings and other gains and losses affecting shareholders' equity that, under GAAP, are excluded from net earnings. Other comprehensive income (loss) includes changes in prior service costs and net actuarial losses from pension and postretirement benefit plans, net of taxes, and changes in the fair value of interest rate swap agreements, net of taxes, to the extent that they are effective.
Earnings Per Share	Basic earnings per share is calculated by dividing net earnings by the weighted average common and Class B shares outstanding. Diluted earnings per share is calculated similarly but includes the dilutive effect, if any, of the assumed exercise of securities, including the effect of shares issuable under the Company's share-based incentive plans.
Adopted and Pending Accounting Pronouncements	In September 2015, the Financial Accounting Standards Board (FASB) issued guidance simplifying the accounting for measurement-period adjustments related to business combinations. The new guidance removes the requirement to restate prior periods to reflect adjustments made to provisional amounts. Rather, adjustments to the provisional amounts are to be recognized in the reporting period they are identified. In the period of adjustment, the portion that would have been recorded in a previous reporting period is to be presented separately on the face of the income statement or disclosed in the notes. Prospective adoption of the guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company prospectively adopted this guidance in the first quarter of fiscal 2016. The adoption of this guidance did not have a material impact on our results of operations or cash flows. In November 2015, the FASB issued guidance simplifying the presentation of deferred tax assets and deferred tax liabilities. The new guidance no longer requires the presentation of current deferred tax assets and deferred tax liabilities on a classified balance sheet, rather requiring all to be presented as non-current. The guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company prospectively adopted this guidance in the second quarter of fiscal 2016. As required by the guidance, all deferred tax assets and liabilities are classified as non-current in our Consolidated Balance Sheet as of June 30, 2016, which is a change from our historical presentation whereby certain of our deferred tax assets and liabilities were classified as current and the remainder were classified as non-current. The June 30, 2015, Consolidated Balance Sheet has not been retrospectively adjusted. The adoption of this guidance did not have an impact on our results of operations or cash flows. Pending Accounting Pronouncements —In May 2014, the FASB issued an accounting standards update that replaces existing revenue recognition guidance. The new guidance requires a company to recognize revenue for the transfer of promised goods or services equal to the amount it expects to receive in exchange for those goods or services. Additionally, the guidance requires enhanced disclosures about the nature, amount, timing, and uncertainty of revenue and cash flows from customer contracts. This guidance will be effective for the Company in the first quarter of fiscal 2019. Early application is not permitted and companies may choose either a full retrospective or cumulative effect method of adoption. The Company is evaluating the method of adoption and the impact the guidance will have on our results of operations and financial position. The FASB continues to issue amendments to further clarify provisions of this forthcoming guidance. These amendments will be effective upon adoption of the standard in the first quarter of fiscal 2019. In April 2015, the FASB issued guidance on the presentation of debt issuance costs. The new standard requires that debt issuance costs be recorded as a reduction from the face amount of the related debt, with amortization recorded as interest expense, rather than recording as a deferred asset. The guidance is effective for the Company in the first quarter of fiscal 2017. The guidance is to be retrospectively applied to all prior periods. Adoption of the new guidance is not expected to have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued guidance on the presentation of cloud computing arrangements that include a software license. The new guidance requires capitalization of the software license fee as internal-use software if certain criteria are met, otherwise the costs are expensed as incurred. The standard is effective for the Company in the first quarter of fiscal 2017. Companies can chose either prospective adoption to arrangements entered into or materially modified after the effective date, or full retrospective adoption. Adoption of the new guidance is not expected to have a material impact on the our consolidated financial statements. In June 2015, the FASB issued an accounting standards update that made technical corrections to the FASB Accounting Standards Codification. These technical corrections are divided into four categories: amendments related to differences between original guidance and the codification, guidance clarification and reference corrections, minor structural changes to simplify the codification, and minor improvements that are not expected to have a significant impact on current accounting practice. The amendments are effective for the Company in the first quarter of fiscal 2017. All other changes are effective upon the issuance of the guidance. Adoption of the amendments is not expected to have a material impact on the Company's consolidated financial statements. In January 2016, the FASB issued guidance to improve and simplify accounting for financial instruments. The updated guidance includes several provisions that are not applicable to the Company's consolidated financial statements, with the exception of changes to fair value disclosure. Under the new guidance, public entities are no longer required to disclose the methods and significant assumptions used to estimate fair value of financial instruments measured at amortized cost on the consolidated balance sheets. It also requires public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The guidance is effective for the Company in the first quarter of fiscal 2019. The adoption of this guidance requires a change in our disclosures only and it is not expected to have impact on our results of operations or cash flows. In February 2016, the FASB issued an accounting standards update that replaces existing lease accounting standards. The new standard requires lessees to recognize on the balance sheet a right-of use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. Treatment of lease payments in the statement of earnings and statement of cash flows is relatively unchanged from previous guidance. The new standard is required to be applied with a modified retrospective approach to each prior reporting period presented with various optional practical expedients. The standard is effective for the Company beginning July 1, 2019, with early application permitted. The Company is currently evaluating the effect the guidance will have on our consolidated financial statements. In March 2016, the FASB issued guidance simplifying the transition to the equity method of accounting. The new guidance eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. The new guidance is effective for the Company during the first quarter of fiscal 2018. The adoption of this guidance is currently not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, as a part of its simplification initiative, the FASB issued guidance on the accounting for employee share-based payments. The new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax treatment, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective in the Company's first quarter of fiscal 2018. Early application is permitted. The Company is currently evaluating the impact the guidance will have on our consolidated financial statements. In June 2016, the FASB issued a standard that replaces the current incurred loss methodology for recognizing credit losses with a current expected credit loss methodology. Under this standard, the establishment of an allowance for credit losses reflects all relevant information about past events, current conditions, and reasonable supportable forecasts rather than delaying the recognition of the full amount of a credit loss until the the loss is probable of occurring. The new standard applies to financial assets that are not accounted for at fair value, including trade receivables. A modified-retrospective implementation of this standard is effective in the Company's first quarter of fiscal 2021, with early adoption permitted in the first quarter of fiscal 2020. The Company is currently evaluating the impact this guidance will have on our consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table summarizes the total estimated fair values of the assets acquired and liabilities assumed by segment during the year ended June 30, 2015: (In thousands) Local Media Acquisitions National Media Acquisitions Total Accounts receivable $ 5,162 $ 4,323 $ 9,485 Current portion of broadcast rights 1,582 — 1,582 Other current assets 133 1,036 1,169 Property, plant, and equipment 14,391 130 14,521 Other noncurrent assets 1,907 3,055 4,962 Intangible assets 107,476 70,350 177,826 Total identifiable assets acquired 130,651 78,894 209,545 Deferred subscription revenue — (51,428 ) (51,428 ) Current portion of broadcast rights (1,582 ) — (1,582 ) Other current liabilities (1,378 ) (6,808 ) (8,186 ) Long-term liabilities (5,242 ) (56,738 ) (61,980 ) Total liabilities assumed (8,202 ) (114,974 ) (123,176 ) Net identifiable assets acquired 122,449 (36,080 ) 86,369 Goodwill 17,320 140,701 158,021 Net assets acquired $ 139,769 $ 104,621 $ 244,390
Schedule of Acquired Intangible Assets by Acquisition	The following table provides details of the acquired intangible assets by acquisition: (In thousands) WGGB Martha Stewart Mywedding WALA Selectable Media Shape Meredith Shopper Marketing Total Intangible assets subject to amortization National media Advertiser relationships $ — $ 3,200 $ 1,600 $ — $ 2,250 $ 6,700 $ — $ 13,750 Customer lists — 1,850 — — — 1,200 — 3,050 Other — — — — 2,450 700 1,200 4,350 Local media Retransmission agreements 761 — — 3,193 — — — 3,954 Other 70 — — 121 — — — 191 Total 831 5,050 1,600 3,314 4,700 8,600 1,200 25,295 Intangible assets not subject to amortization National media Trademarks — — 5,300 — — 37,900 — 43,200 Internet domain names — — — — — 6,000 — 6,000 Local media FCC licenses 33,116 — — 70,215 — — — 103,331 Total 33,116 — 5,300 70,215 — 43,900 — 152,531 Intangible assets $ 33,947 $ 5,050 $ 6,900 $ 73,529 $ 4,700 $ 52,500 $ 1,200 $ 177,826

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	June 30, 2016 2015 (In thousands) Raw materials $ 11,698 $ 13,900 Work in process 10,107 12,053 Finished goods 1,834 2,428 23,639 28,381 Reserve for LIFO cost valuation (2,961 ) (3,700 ) Inventories $ 20,678 $ 24,681

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following: June 30, 2016 2015 (In thousands) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization National media Advertiser relationships $ 18,610 $ (10,670 ) $ 7,940 $ 20,879 $ (7,660 ) $ 13,219 Customer lists 5,230 (4,310 ) 920 9,120 (6,679 ) 2,441 Other 19,425 (8,685 ) 10,740 20,675 (7,361 ) 13,314 Local media Network affiliation agreements 229,309 (135,789 ) 93,520 229,309 (129,362 ) 99,947 Retransmission agreements 21,229 (6,993 ) 14,236 21,229 (3,454 ) 17,775 Other 1,214 (419 ) 795 1,212 (126 ) 1,086 Total $ 295,017 $ (166,866 ) 128,151 $ 302,424 $ (154,642 ) 147,782 Intangible assets not subject to amortization National media Internet domain names 7,827 7,827 Trademarks 153,215 192,089 Local media FCC licenses 624,684 624,684 Total 785,726 824,600 Intangible assets, net $ 913,877 $ 972,382
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following: June 30, 2016 2015 (In thousands) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization National media Advertiser relationships $ 18,610 $ (10,670 ) $ 7,940 $ 20,879 $ (7,660 ) $ 13,219 Customer lists 5,230 (4,310 ) 920 9,120 (6,679 ) 2,441 Other 19,425 (8,685 ) 10,740 20,675 (7,361 ) 13,314 Local media Network affiliation agreements 229,309 (135,789 ) 93,520 229,309 (129,362 ) 99,947 Retransmission agreements 21,229 (6,993 ) 14,236 21,229 (3,454 ) 17,775 Other 1,214 (419 ) 795 1,212 (126 ) 1,086 Total $ 295,017 $ (166,866 ) 128,151 $ 302,424 $ (154,642 ) 147,782 Intangible assets not subject to amortization National media Internet domain names 7,827 7,827 Trademarks 153,215 192,089 Local media FCC licenses 624,684 624,684 Total 785,726 824,600 Intangible assets, net $ 913,877 $ 972,382
Schedule of Goodwill	Changes in the carrying amount of goodwill were as follows: (In thousands) National Local Total Balance at June 30, 2014 Goodwill $ 789,038 $ 51,823 $ 840,861 Accumulated impairment losses — — — 789,038 51,823 840,861 Acquisitions 143,433 16,952 160,385 Balance at June 30, 2015 Goodwill 932,471 68,775 1,001,246 Accumulated impairment losses — — — 932,471 68,775 1,001,246 Acquisitions (1,168 ) — (1,168 ) Impairment (116,949 ) — (116,949 ) (118,117 ) — (118,117 ) Balance at June 30, 2016 Goodwill 931,303 68,775 1,000,078 Accumulated impairment losses (116,949 ) — (116,949 ) $ 814,354 $ 68,775 $ 883,129

Restructuring Accrual (Tables)

Restructuring Accrual (Tables)	12 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	Details of changes in the Company's restructuring accrual are as follows: Years ended June 30, 2016 2015 (In thousands) Balance at beginning of year $ 15,731 $ 13,545 Severance accrual 9,792 14,670 Other accruals — 285 Cash payments (14,888 ) (12,664 ) Reversal of excess accrual (3,247 ) (105 ) Balance at end of year $ 7,388 $ 15,731

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consists of the following: June 30, 2016 2015 (In thousands) Variable-rate credit facilities Asset-backed bank facility of $100 million, due 10/20/2017 $ 80,000 $ 80,000 Revolving credit facility of $200 million, due 3/27/2019 40,000 77,500 Term loan due 3/27/2019 225,000 237,500 Private placement notes 3.04% senior notes, due 3/1/2016 — 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 12/19/2022 100,000 100,000 Floating rate senior notes, due 2/28/2024 150,000 150,000 Total long-term debt 695,000 795,000 Current portion of long-term debt (75,000 ) (62,500 ) Long-term debt $ 620,000 $ 732,500
Schedule of Maturities of Long-term Debt	The following table shows principal payments on the debt due in succeeding fiscal years: Years ending June 30, (In thousands) 2017 $ 75,000 2018 75,000 2019 295,000 2020 — 2021 — Thereafter 250,000 Total long-term debt $ 695,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table shows income tax expense (benefit) attributable to earnings before income taxes: Years ended June 30, 2016 2015 2014 (In thousands) Currently payable Federal $ 59,173 $ 39,429 $ 37,615 State 7,263 4,583 2,764 Foreign 30 35 37 66,466 44,047 40,416 Deferred Federal 8,297 36,314 18,138 State 1,507 5,608 2,386 Foreign — — (142 ) 9,804 41,922 20,382 Income taxes $ 76,270 $ 85,969 $ 60,798
Schedule of Effective Income Tax Rate Reconciliation	The differences between the statutory U.S. federal income tax rate and the effective tax rate were as follows: Years ended June 30, 2016 2015 2014 U.S. statutory tax rate 35.0 % 35.0 % 35.0 % State income taxes, less federal income tax benefits 3.6 2.9 2.2 Settlements - audits / tax litigation (0.4 ) (0.1 ) (0.3 ) Impairment of goodwill 29.3 — — Restructuring of international operations — — (2.5 ) Other 1.7 0.8 0.5 Effective income tax rate 69.2 % 38.6 % 34.9 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that gave rise to deferred tax assets and deferred tax liabilities were as follows: June 30, 2016 2015 (In thousands) Deferred tax assets Accounts receivable allowances and return reserves $ 12,742 $ 15,670 Compensation and benefits 45,813 35,850 Indirect benefit of uncertain state and foreign tax positions 10,598 9,925 All other assets 10,571 7,068 Total deferred tax assets 79,724 68,513 Valuation allowance (905 ) (1,808 ) Net deferred tax assets 78,819 66,705 Deferred tax liabilities Subscription acquisition costs 88,177 87,036 Accumulated depreciation and amortization 292,871 288,952 Deferred gains from dispositions 23,786 23,908 All other liabilities 10,331 6,842 Total deferred tax liabilities 415,165 406,738 Net deferred tax liability $ 336,346 $ 340,033
Summary of Income Tax Contingencies	A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows: Years ended June 30, 2016 2015 (In thousands) Balance at beginning of year $ 35,919 $ 37,995 Increases in tax positions for prior years 51 — Decreases in tax positions for prior years (2,334 ) (2,028 ) Increases in tax positions for current year 6,259 5,686 Settlements (97 ) (1,853 ) Lapse in statute of limitations (1,832 ) (3,881 ) Balance at end of year $ 37,966 $ 35,919

Pension and Postretirement Be33

Pension and Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Net Funded Status	The following tables present changes in, and components of, the Company's net assets/liabilities for pension and other postretirement benefits: Pension Postretirement June 30, 2016 2015 2016 2015 (In thousands) Change in benefit obligation Benefit obligation, beginning of year $ 155,427 $ 152,608 $ 9,408 $ 10,445 Service cost 11,908 12,173 101 117 Interest cost 5,874 5,582 385 407 Participant contributions — — 748 802 Actuarial loss (gain) 15,085 (1,996 ) 565 (1,007 ) Benefits paid (including lump sums) (26,402 ) (12,940 ) (1,541 ) (1,356 ) Benefit obligation, end of year $ 161,892 $ 155,427 $ 9,666 $ 9,408 Change in plan assets Fair value of plan assets, beginning of year $ 141,586 $ 145,179 $ — $ — Actual return on plan assets 1,129 3,857 — — Employer contributions 6,270 5,490 793 554 Participant contributions — — 748 802 Benefits paid (including lump sums) (26,402 ) (12,940 ) (1,541 ) (1,356 ) Fair value of plan assets, end of year $ 122,583 $ 141,586 $ — $ — Under funded status, end of year $ (39,309 ) $ (13,841 ) $ (9,666 ) $ (9,408 )
Pension Plan Assets Fair Value by Asset Category	Fair value measurements for pension assets as of June 30, 2016 , were as follows: June 30, 2016 Total Fair Value Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments in registered investment companies 1 $ 120,996 $ 65,376 $ — $ — Pooled separate accounts 1 1,587 — — — Total assets at fair value $ 122,583 $ 65,376 $ — $ — 1 Certain investments that are measured at fair value using NAV per share have not been categorized in the fair value hierarchy. The fair Fair value measurements for pension assets as of June 30, 2015 , were as follows: June 30, 2015 Total Fair Value Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments in registered investment companies 1 $ 140,983 $ 80,229 $ — $ — Pooled separate accounts 1 603 — — — Total assets at fair value $ 141,586 $ 80,229 $ — $ — 1 Certain investments that are measured at fair value using NAV per share have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented as the change in plan assets.
Schedule of Amounts Recognized In Balance Sheet	The following amounts are recognized in the Consolidated Balance Sheets: Pension Postretirement June 30, 2016 2015 2016 2015 (In thousands) Other assets Prepaid benefit cost $ 1,458 $ 18,071 $ — $ — Accrued expenses-compensation and benefits Accrued benefit liability (4,703 ) (2,780 ) (656 ) (700 ) Other noncurrent liabilities Accrued benefit liability (36,064 ) (29,132 ) (9,010 ) (8,708 ) Net amount recognized, end of year $ (39,309 ) $ (13,841 ) $ (9,666 ) $ (9,408 )
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: June 30, 2016 2015 (In thousands) Projected benefit obligation $ 40,867 $ 32,012 Accumulated benefit obligation 35,225 29,099 Fair value of plan assets 100 100
Schedule of Net Benefit Costs	The components of net periodic benefit costs recognized in the Consolidated Statements of Earnings were as follows: Pension Postretirement Years ended June 30, 2016 2015 2014 2016 2015 2014 (In thousands) Components of net periodic benefit costs Service cost $ 11,908 $ 12,173 $ 10,196 $ 101 $ 117 $ 170 Interest cost 5,874 5,582 5,604 385 407 480 Expected return on plan assets (10,982 ) (11,037 ) (9,687 ) — — — Prior service cost (credit) amortization 194 225 391 (428 ) (432 ) (440 ) Actuarial loss (gain) amortization 628 667 2,030 (677 ) (433 ) (365 ) Curtailment credit — — — — — (1,511 ) Settlement charge 5,586 — — — — — Net periodic benefit costs (credit) $ 13,208 $ 7,610 $ 8,534 $ (619 ) $ (341 ) $ (1,666 )
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)	Amounts recognized in the accumulated other comprehensive loss component of shareholders' equity for Company-sponsored plans were as follows: Pension Postretirement Total Pension Postretirement Total June 30, 2016 2015 (In thousands) Unrecognized net actuarial losses (gains), net of taxes $ 24,267 $ (1,305 ) $ 22,962 $ 12,733 $ (2,070 ) $ 10,663 Unrecognized prior service cost (credit), net of taxes 470 (452 ) 18 589 (716 ) (127 ) Total $ 24,737 $ (1,757 ) $ 22,980 $ 13,322 $ (2,786 ) $ 10,536
Schedule of Assumptions Used	Benefit obligations were determined using the following weighted average assumptions: Pension Postretirement June 30, 2016 2015 2016 2015 Weighted average assumptions Discount rate 2.98 % 3.75 % 3.40 % 4.20 % Rate of compensation increase 3.50 % 3.50 % 3.50 % 3.50 % Rate of increase in health care cost levels Initial level n/a n/a 7.00 % 7.00 % Ultimate level n/a n/a 5.00 % 5.00 % Years to ultimate level n/a n/a 5 years 6 years n/a - Not applicable Net periodic benefit costs were determined using the following weighted average assumptions: Pension Postretirement Years ended June 30, 2016 2015 2014 2016 2015 2014 Weighted average assumptions Discount rate 3.75 % 3.57 % 3.93 % 4.20 % 4.00 % 4.50 % Expected return on plan assets 8.00 % 8.00 % 8.00 % n/a n/a n/a Rate of compensation increase 3.50 % 3.50 % 3.50 % 3.50 % 3.50 % 3.50 % Rate of increase in health care cost levels Initial level n/a n/a n/a 7.00 % 7.00 % 7.50 % Ultimate level n/a n/a n/a 5.00 % 5.00 % 5.00 % Years to ultimate level n/a n/a n/a 6 years 4 years 5 years n/a - Not applicable
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates	A change of one percentage point in the assumed healthcare cost trend rates would have the following effects: One Percentage Point Increase One Percentage Point Decrease (In thousands) Effect on service and interest cost components for fiscal 2016 $ 27 $ (22 ) Effect on postretirement benefit obligation as of June 30, 2016 458 (374 )
Schedule of Targeted and Weighted Average Asset Allocations by Assets Category for Investments Pension Plans	The targeted and weighted average asset allocations by asset category for investments held by the Company's pension plans are as follows: 2016 Allocation 2015 Allocation June 30, Target Actual Target Actual Domestic equity securities 35 % 30 % 35 % 35 % Fixed income investments 30 % 32 % 30 % 29 % International equity securities 25 % 27 % 25 % 25 % Global equity securities 10 % 11 % 10 % 11 % Fair value of plan assets 100 % 100 % 100 % 100 %
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service as appropriate, are expected to be paid: Years ending June 30, Pension Benefits Postretirement Benefits (In thousands) 2017 $ 19,999 $ 656 2018 19,270 705 2019 18,579 691 2020 22,536 675 2021 19,474 662 2022-2026 75,236 2,958

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculations of earnings per share: Years ended June 30, 2016 2015 2014 (In thousands except per share data) Net earnings $ 33,937 $ 136,791 $ 113,541 Basic average shares outstanding 44,606 44,522 44,636 Dilutive effect of stock options and equivalents 751 801 774 Diluted average shares outstanding 45,357 45,323 45,410 Earnings per share Basic $ 0.76 $ 3.07 $ 2.54 Diluted 0.75 3.02 2.50

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Stock Repurchases	Repurchases of the Company's common and Class B stock are as follows: Years ended June 30, 2016 2015 2014 (In thousands) Number of shares 651 925 1,640 Cost at market value $ 31,080 $ 46,764 $ 78,226

Common Stock and Share-based 36

Common Stock and Share-based Compensation Plans (Tables)	12 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity	I nformation about the shares issued under this plan is as follows: Years ended June 30, 2016 2015 2014 Shares issued (in thousands) 45 72 86 Average fair value $ 6.77 $ 7.52 $ 7.59 Average purchase price 35.94 39.95 40.30 Average market price 42.91 50.83 48.36
Schedule of Share-based Compensation, Restricted Stock Activity	The Company's restricted stock activity during the year ended June 30, 2016 , was as follows: Restricted Stock Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Shares and Aggregate Intrinsic Value in thousands) Nonvested at June 30, 2015 365 $ 40.48 Granted 9 47.01 Vested (185 ) 35.14 Forfeited (10 ) 47.86 Nonvested at June 30, 2016 179 45.93 $ 9,295
Schedule of Share-based Compensation, Restricted Stock Units Activity	The Company's restricted stock unit activity during the year ended June 30, 2016 , was as follows: Restricted Stock Units Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Shares and Aggregate Intrinsic Value in thousands) Nonvested at June 30, 2015 159 $ 46.22 Granted 182 44.44 Vested (2 ) 45.69 Forfeited (20 ) 45.25 Nonvested at June 30, 2016 319 45.28 $ 16,544
Schedule of Share-based Compensation, Stock Equivalent Units Activity	The following table summarizes the activity for stock equivalent units during the year ended June 30, 2016 : Stock Equivalent Units Units Weighted Average Issue Date Fair Value Aggregate Intrinsic Value (Units and Aggregate Intrinsic Value in thousands) Balance at June 30, 2015 265 $ 36.12 Additions 34 41.10 Converted to common stock (3 ) 29.54 Balance at June 30, 2016 296 36.77 $ 4,482
Schedule of Share-based Compensation, Stock Options, Activity	A summary of stock option activity and weighted average exercise prices follows: Stock Options Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (Options and Aggregate Intrinsic Value in thousands) Outstanding July 1, 2015 2,667 $ 40.55 Granted 445 44.94 Exercised (524 ) 34.65 Forfeited (174 ) 47.72 Outstanding June 30, 2016 2,414 42.12 5.7 $ 24,648 Exercisable June 30, 2016 1,276 38.38 3.6 18,276
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following summarizes the assumptions used in determining the fair value of options granted: Years ended June 30, 2016 2015 2014 Risk-free interest rate 1.8-2.0% 1.4-2.0% 1.9-2.1% Expected dividend yield 4.00 % 4.00 % 4.20 % Expected option life 7 yrs 7 yrs 7 yrs Expected stock price volatility 36 % 37 % 36 %

Commitments and Contingent Li37

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Below are the minimum rental commitments at June 30, 2016 , under all noncancelable operating leases due in succeeding fiscal years: Years ending June 30, (In thousands) 2017 $ 16,524 2018 15,099 2019 13,411 2020 13,090 2021 14,337 Thereafter 54,405 Total minimum rentals $ 126,866
Schedule of Future Broadcast Rights Payments Due	The table shows broadcast rights payments due in succeeding fiscal years: Years ending June 30, Recorded Commitments Unavailable Rights (In thousands) 2017 $ 4,649 $ 11,140 2018 1,234 12,822 2019 1,064 5,751 2020 1,053 2,863 2021 795 419 Thereafter 1,378 — Total amounts payable $ 10,173 $ 32,995

Other Comprehensive Income (L38

Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Jun. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the items of other comprehensive income (loss) and the accumulated other comprehensive loss balances: Minimum Pension/Post Retirement Liability Adjustments Interest Accumulated (In thousands) Balance at June 30, 2013 $ (16,341 ) $ — $ (16,341 ) Current-year adjustments, pretax 12,310 — 12,310 Tax expense (4,727 ) — (4,727 ) Other comprehensive income 7,583 — 7,583 Balance at June 30, 2014 (8,758 ) — (8,758 ) Current-year adjustments, pretax (4,206 ) (2,109 ) (6,315 ) Tax benefit 1,615 810 2,425 Other comprehensive loss (2,591 ) (1,299 ) (3,890 ) Balance at June 30, 2015 (11,349 ) (1,299 ) (12,648 ) Current-year adjustments, pretax (20,703 ) (5,034 ) (25,737 ) Tax benefit 7,951 1,933 9,884 Other comprehensive loss (12,752 ) (3,101 ) (15,853 ) Balance at June 30, 2016 $ (24,101 ) $ (4,400 ) $ (28,501 )

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	June 30, 2016 June 30, 2015 (In thousands) Carrying Value Fair Value Carrying Value Fair Value Broadcast rights payable $ 10,173 $ 9,655 $ 7,774 $ 7,490 Long-term debt 695,000 695,533 795,000 797,121
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth the assets and liabilities measured at fair value on a recurring basis: (In thousands) June 30, 2016 June 30, 2015 Machinery and equipment Corporate airplanes 1 $ 2,800 $ — Other assets Interest rate swaps — 1,139 Accrued expenses and other liabilities Contingent consideration — 800 Interest rate swaps 2,768 3,295 Other noncurrent liabilities Contingent consideration 56,631 60,735 Interest rate swaps 4,511 — 1 Consistent with the decision to sell the corporate airplanes, these assets were adjusted to fair value in fiscal 2016, therefore, there is no fair market value measurement for fiscal 2015.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table represents the changes in the fair value of Level 3 contingent consideration and corporate airplanes for the year ended June 30, 2016 and June 30, 2015 . June 30, 2016 2015 (in thousands) Contingent consideration Balance at beginning of year $ 61,535 $ 1,700 Additions due to acquisitions — 61,335 Payments (800 ) — Change in present value of contingent consideration 1 (4,104 ) (1,500 ) Balance at end of year $ 56,631 $ 61,535 Corporate airplanes 2 Balance at beginning of period $ 8,439 $ — Fair market value adjustment of corporate airplanes (5,639 ) — Balance at end of year $ 2,800 $ — 1 Change in present value of contingent consideration is included in earning and comprised of changes in estimated earn out payments based on projections of performance and the amortization of the present value discount. 2 Consistent with the decision to sell the corporate airplanes, these assets were adjusted to fair value in fiscal 2016, therefore, there is no fair market value measurement for fiscal 2015.

Financial Information about I40

Financial Information about Industry Segments (Tables)	12 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents financial information by segment: Years ended June 30, 2016 2015 2014 (In thousands) Revenues National media $ 1,101,183 $ 1,059,852 $ 1,065,898 Local media 548,445 534,324 402,810 Total revenues $ 1,649,628 $ 1,594,176 $ 1,468,708 Segment profit (loss) National media $ (17,693 ) $ 122,681 $ 113,113 Local media 158,481 162,677 113,060 Unallocated corporate (10,179 ) (43,246 ) (39,658 ) Income from operations 130,609 242,112 186,515 Interest expense, net (20,402 ) (19,352 ) (12,176 ) Earnings before income taxes $ 110,207 $ 222,760 $ 174,339 Depreciation and amortization National media $ 18,698 $ 17,186 $ 18,253 Local media 38,332 37,521 28,815 Unallocated corporate 2,122 1,839 1,658 Total depreciation and amortization $ 59,152 $ 56,546 $ 48,726 Assets National media $ 1,478,243 $ 1,665,542 $ 1,422,855 Local media 1,054,311 1,072,152 996,935 Unallocated corporate 95,731 105,588 124,010 Total assets $ 2,628,285 $ 2,843,282 $ 2,543,800 Capital expenditures National media $ 4,739 $ 4,829 $ 5,491 Local media 17,250 23,224 16,578 Unallocated corporate 3,046 5,192 2,753 Total capital expenditures $ 25,035 $ 33,245 $ 24,822

Selected Quarterly Financial 41

Selected Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Jun. 30, 2016
Selected Quarterly Financial Information [Abstract]
Schedule of Quarterly Financial Information	Year ended June 30, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands except per share data) Revenues National media $ 246,326 $ 242,381 $ 275,298 $ 295,847 $ 1,059,852 Local media 124,858 156,524 122,881 130,061 534,324 Total revenues $ 371,184 $ 398,905 $ 398,179 $ 425,908 $ 1,594,176 Operating profit National media $ 28,895 $ 26,107 $ 23,460 $ 44,219 $ 122,681 Local media 36,312 54,986 31,420 39,959 162,677 Unallocated corporate (12,355 ) (12,231 ) (7,774 ) (10,886 ) (43,246 ) Income from operations $ 52,852 $ 68,862 $ 47,106 $ 73,292 $ 242,112 Net earnings $ 29,365 $ 39,591 $ 25,256 $ 42,579 $ 136,791 Basic earnings per share 0.66 0.89 0.57 0.95 3.07 Diluted earnings per share 0.65 0.87 0.56 0.94 3.02 Dividends per share 0.4325 0.4325 0.4575 0.4575 1.7800 Year ended June 30, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total (In thousands except per share data) Revenues National media $ 258,199 $ 266,527 $ 281,843 $ 294,614 $ 1,101,183 Local media 126,467 139,886 140,928 141,164 548,445 Total revenues $ 384,666 $ 406,413 $ 422,771 $ 435,778 $ 1,649,628 Operating profit (loss) National media $ 22,803 $ 33,583 $ 34,781 $ (108,860 ) $ (17,693 ) Local media 29,327 40,441 46,150 42,563 158,481 Unallocated corporate (23,118 ) (13,911 ) 47,107 (20,257 ) (10,179 ) Income (loss) from operations $ 29,012 $ 60,113 $ 128,038 $ (86,554 ) $ 130,609 Net earnings (loss) $ 11,029 $ 32,519 $ 80,904 $ (90,515 ) $ 33,937 Basic earnings (loss) per share 0.25 0.73 1.81 (2.03 ) 0.76 Diluted earnings (loss) per share 0.24 0.72 1.79 (2.03 ) 0.75 Dividends per share 0.4575 0.4575 0.4950 0.4950 1.9050

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Additional Information) (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2016USD ($)segmentstation	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Accounting Policies [Abstract]
Number of reportable segments | segment	2
Number of owned television stations | station	16
Number of managed television stations | station	1
Other revenue, typical period of adjustment to estimated sales	3 months
Advertising expenses | $	$ 72,600	$ 75,800	$ 79,500
Likelihood of recognized income tax positions are sustained, minimum percentage	50.00%
Stop loss contract amount to cap self-insured medical claims | $	$ 300

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Subscription Acquisition Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets [Line Items]
Capitalized direct-response advertising costs	$ 5.5	$ 5.9
Minimum [Member]
Deferred Costs, Capitalized, Prepaid, and Other Assets [Line Items]
Amortization period for subscription acquisition costs	1 year
Maximum [Member]
Deferred Costs, Capitalized, Prepaid, and Other Assets [Line Items]
Amortization period for subscription acquisition costs	2 years

Summary of Significant Accoun44

Summary of Significant Accounting Policies (Property, Plant, and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 39,430	$ 38,918	$ 35,627
Minimum [Member] | Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment estimated useful lives	5 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment estimated useful lives	3 years
Maximum [Member] | Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment estimated useful lives	45 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment estimated useful lives	20 years
Impairment of goodwill and other long-lived assets [Member]
Property, Plant and Equipment [Line Items]
Write-down of corporate airplanes	$ 5,700		$ 900
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Corporate airplanes estimated fair value	$ 2,800
Corporate airplanes maximum term expected to be held for sale	1 year

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Intangible Assets and Goodwill) (Details)	12 Months Ended
	Jun. 30, 2016reporting_unit
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Number of reporting units	3
FCC licenses [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Maximum term of FCC broadcast licenses (in years)	8 years
Minimum [Member] | Network affiliation agreements [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets estimated useful lives	25 years
Minimum [Member] | Finite-lived Intangible Assets, Excluding Network Affiliation Agreements [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets estimated useful lives	1 year
Maximum [Member] | Network affiliation agreements [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets estimated useful lives	40 years
Maximum [Member] | Finite-lived Intangible Assets, Excluding Network Affiliation Agreements [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets estimated useful lives	10 years

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Derivatives) (Details) $ in Millions	Jun. 30, 2016USD ($)
Cash Flow Hedging [Member] | Interest rate swaps [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 300

Summary of Significant Accoun47

Summary of Significant Accounting Policies (Merger Termination) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2016
Business Acquisition [Line Items]
Merger related costs		$ 3.5	$ 12.7
Merger termination fee net of merger-related costs [Member]
Business Acquisition [Line Items]
Gain from merger termination	$ 60
Merger related costs				$ 16.5

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($)	Dec. 22, 2015	Jun. 19, 2015	Feb. 01, 2015	Dec. 30, 2014	Dec. 19, 2014	Nov. 13, 2014	Nov. 01, 2014	Oct. 31, 2014	Jun. 19, 2014	Feb. 28, 2014	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Dec. 22, 2015
Business Acquisition [Line Items]
Payments for acquisitions of businesses																	$ 8,186,000	$ 257,030,000	$ 417,461,000
Goodwill, Acquired During Period																	1,168,000	160,385,000
Goodwill, expected tax deductible amount															$ 136,400,000			136,400,000	51,500,000
Reduction in estimated contingent consideration payable											$ 3,200,000	$ 1,800,000		$ 1,400,000	1,500,000	$ 1,100,000	(4,104,000)	(1,500,000)	(5,700,000)
Intangible assets subject to amortization															25,295,000			25,295,000
Goodwill											883,129,000				1,001,246,000		883,129,000	1,001,246,000	840,861,000
Acquisition related costs													$ 3,500,000	$ 12,700,000
Selling, general and administrative expenses [Member]
Business Acquisition [Line Items]
Acquisition related costs																		1,400,000	5,500,000
WGGB [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses								$ 49,300,000
Acquisition-date fair value of consideration transferred								52,600,000
Acquisition-date fair value of consideration transferred, contingent consideration								3,300,000
Estimate of future aggregate contingent payments, low range											1,000,000						1,000,000
Estimate of future aggregate contingent payments, high range											4,000,000						4,000,000
Intangible assets subject to amortization								$ 831,000
Martha Stewart [Member]
Business Acquisition [Line Items]
Acquisition-date fair value of consideration transferred																				$ 0
Licensing arrangement, term							10 years
Reduction to goodwill													$ 100,000
Intangible assets subject to amortization							$ 5,050,000
Sequential Brands Group, Inc. [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period	$ 1,600,000
Mywedding [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses						$ 20,100,000
Acquisition-date fair value of consideration transferred						42,700,000
Acquisition-date fair value of consideration transferred, contingent consideration						$ 22,600,000
Estimate of future aggregate contingent payments, low range											11,400,000						11,400,000
Estimate of future aggregate contingent payments, high range											40,000,000						40,000,000
Percentage of voting interests acquired						100.00%
Intangible assets subject to amortization						$ 1,600,000
WALA [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses					$ 90,400,000
Intangible assets subject to amortization					$ 3,314,000
Selectable Media, Inc. [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses				$ 23,000,000
Acquisition-date fair value of consideration transferred				30,200,000
Acquisition-date fair value of consideration transferred, contingent consideration				$ 7,200,000
Estimate of future aggregate contingent payments, low range											8,000,000						8,000,000
Percentage of voting interests acquired				100.00%
Contingent consideration arrangements, payment term				3 years
Reduction to goodwill																	(2,900,000)
Intangible assets subject to amortization				$ 4,700,000
Shape [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses			$ 60,000,000
Acquisition-date fair value of consideration transferred			87,400,000
Acquisition-date fair value of consideration transferred, contingent consideration			$ 27,400,000
Estimate of future aggregate contingent payments, low range											18,900,000						18,900,000
Estimate of future aggregate contingent payments, high range											24,500,000						24,500,000
Contingent consideration arrangements, payment term			3 years
Intangible assets subject to amortization			$ 8,600,000
Shape [Member] | Selling, general and administrative expenses [Member]
Business Acquisition [Line Items]
Reduction in estimated contingent consideration payable																	4,900,000
Meredith Shopper Marketing [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses		$ 1,500,000
Acquisition-date fair value of consideration transferred		2,300,000
Acquisition-date fair value of consideration transferred, contingent consideration		800,000
Reduction in estimated contingent consideration payable																	800,000
Intangible assets subject to amortization		1,200,000
KMOV [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses										$ 186,700,000
Working capital adjustments																		900,000
KTVK [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses		$ 167,400,000							$ 223,400,000
KASW [Member]
Business Acquisition [Line Items]
Payments for acquisitions of businesses									$ 56,000,000
National media [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period																	1,168,000	143,433,000
Goodwill											814,354,000				932,471,000		814,354,000	932,471,000	789,038,000
Local media [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period																	0	16,952,000
Goodwill											$ 68,775,000				$ 68,775,000		$ 68,775,000	$ 68,775,000	$ 51,823,000

Acquisitions (Summary of Estima

Acquisitions (Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Intangible assets		$ 177,826
Goodwill	$ 883,129	1,001,246	$ 840,861
Fiscal 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		9,485
Current portion of broadcast rights		1,582
Other current assets		1,169
Property, plant, and equipment		14,521
Other noncurrent assets		4,962
Intangible assets		177,826
Total identifiable assets acquired		209,545
Deferred subscription revenue		(51,428)
Current portion of broadcast rights payable		(1,582)
Other current liabilities		(8,186)
Long-term liabilities		(61,980)
Total liabilities assumed		(123,176)
Net identifiable assets acquired		86,369
Goodwill		158,021
Net assets acquired		244,390
Local media [Member]
Business Acquisition [Line Items]
Goodwill	68,775	68,775	51,823
Local media [Member] | Fiscal 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		5,162
Current portion of broadcast rights		1,582
Other current assets		133
Property, plant, and equipment		14,391
Other noncurrent assets		1,907
Intangible assets		107,476
Total identifiable assets acquired		130,651
Deferred subscription revenue		0
Current portion of broadcast rights payable		(1,582)
Other current liabilities		(1,378)
Long-term liabilities		(5,242)
Total liabilities assumed		(8,202)
Net identifiable assets acquired		122,449
Goodwill		17,320
Net assets acquired		139,769
National media [Member]
Business Acquisition [Line Items]
Goodwill	$ 814,354	932,471	$ 789,038
National media [Member] | Fiscal 2015 Acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		4,323
Current portion of broadcast rights		0
Other current assets		1,036
Property, plant, and equipment		130
Other noncurrent assets		3,055
Intangible assets		70,350
Total identifiable assets acquired		78,894
Deferred subscription revenue		(51,428)
Current portion of broadcast rights payable		0
Other current liabilities		(6,808)
Long-term liabilities		(56,738)
Total liabilities assumed		(114,974)
Net identifiable assets acquired		(36,080)
Goodwill		140,701
Net assets acquired		$ 104,621

Acquisitions (Summary of Acquir

Acquisitions (Summary of Acquired Intangible Assets by Acquisition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 19, 2015	Feb. 01, 2015	Dec. 30, 2014	Dec. 19, 2014	Nov. 13, 2014	Nov. 01, 2014	Oct. 31, 2014
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	$ 25,295
Intangible assets not subject to amortization	152,531
Intangible assets, net	$ 177,826
Retransmission agreements [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	6 years
WGGB [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization								$ 831
Intangible assets not subject to amortization								33,116
Intangible assets, net								33,947
Martha Stewart [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization							$ 5,050
Intangible assets, net							5,050
Mywedding [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization						$ 1,600
Intangible assets not subject to amortization						5,300
Intangible assets, net						6,900
WALA [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization					$ 3,314
Intangible assets not subject to amortization					70,215
Intangible assets, net					73,529
Selectable Media [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization				$ 4,700
Intangible assets, net				4,700
Shape [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization			$ 8,600
Intangible assets not subject to amortization			43,900
Intangible assets, net			52,500
Meredith Shopper Marketing [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization		$ 1,200
Intangible assets, net		1,200
National media [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	$ 13,750
National media [Member] | Customer lists [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	$ 3,050
Useful life of acquired intangible assets	2 years
National media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	$ 4,350
National media [Member] | Trademarks [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization	43,200
National media [Member] | Internet domain names [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization	6,000
National media [Member] | Martha Stewart [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization							3,200
National media [Member] | Martha Stewart [Member] | Customer lists [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization							$ 1,850
National media [Member] | Mywedding [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization						1,600
National media [Member] | Mywedding [Member] | Trademarks [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization						$ 5,300
National media [Member] | Selectable Media [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization				2,250
National media [Member] | Selectable Media [Member] | Customer lists [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization				0
National media [Member] | Selectable Media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization				$ 2,450
National media [Member] | Shape [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization			6,700
National media [Member] | Shape [Member] | Customer lists [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization			1,200
National media [Member] | Shape [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization			700
National media [Member] | Shape [Member] | Trademarks [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization			37,900
National media [Member] | Shape [Member] | Internet domain names [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization			$ 6,000
National media [Member] | Meredith Shopper Marketing [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization		$ 1,200
Local media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	191
Local media [Member] | Retransmission agreements [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization	3,954
Local media [Member] | FCC licenses [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization	$ 103,331
Local media [Member] | WGGB [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization								70
Local media [Member] | WGGB [Member] | Retransmission agreements [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization								761
Local media [Member] | WGGB [Member] | FCC licenses [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization								$ 33,116
Local media [Member] | WALA [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization					121
Local media [Member] | WALA [Member] | Retransmission agreements [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets subject to amortization					3,193
Local media [Member] | WALA [Member] | FCC licenses [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Intangible assets not subject to amortization					$ 70,215
Minimum [Member] | National media [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	3 years
Minimum [Member] | National media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	5 years
Minimum [Member] | Local media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	1 year
Maximum [Member] | National media [Member] | Advertiser relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	4 years
Maximum [Member] | National media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	7 years
Maximum [Member] | Local media [Member] | Other intangible assets [Member]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Line Items]
Useful life of acquired intangible assets	3 years

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Inventory Disclosure [Abstract]
Percentage of LIFO inventory	54.00%	52.00%
LIFO inventory income recognized	$ (700)	$ (500)	$ (800)
Inventory, Net [Abstract]
Raw materials	11,698	13,900
Work in process	10,107	12,053
Finished goods	1,834	2,428
Subtotal	23,639	28,381
Reserve for LIFO cost valuation	(2,961)	(3,700)
Inventories	$ 20,678	$ 24,681

Intangible Assets and Goodwil52

Intangible Assets and Goodwill (Intangibles Assets) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets subject to amortization, gross amount	$ 295,017,000	$ 295,017,000	$ 302,424,000
Intangible assets subject to amortization, accumulated amortization	(166,866,000)	(166,866,000)	(154,642,000)
Intangible assets subject to amortization, net amount	128,151,000	128,151,000	147,782,000
Intangible assets not subject to amortization	785,726,000	785,726,000	824,600,000
Intangible assets, net	913,877,000	913,877,000	972,382,000
Amortization expense		19,722,000	17,628,000	$ 13,099,000
Expected future amortization expense, 2017	18,000,000	18,000,000
Expected future amortization expense, 2018	15,000,000	15,000,000
Expected future amortization expense, 2019	12,500,000	12,500,000
Expected future amortization expense, 2020	11,600,000	11,600,000
Expected future amortization expense, 2021	7,600,000	7,600,000
Impairment of indefinite lived intangible assets			0	0
National media [Member] | Internet domain names [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets not subject to amortization	7,827,000	7,827,000	7,827,000
National media [Member] | Trademarks [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets not subject to amortization	153,215,000	153,215,000	192,089,000
Impairment of indefinite lived intangible assets				9,500,000
National media [Member] | Advertiser relationships [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets subject to amortization, gross amount	18,610,000	18,610,000	20,879,000
Intangible assets subject to amortization, accumulated amortization	(10,670,000)	(10,670,000)	(7,660,000)
Intangible assets subject to amortization, net amount	7,940,000	7,940,000	13,219,000
National media [Member] | Customer lists [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets subject to amortization, gross amount	5,230,000	5,230,000	9,120,000
Intangible assets subject to amortization, accumulated amortization	(4,310,000)	(4,310,000)	(6,679,000)
Intangible assets subject to amortization, net amount	920,000	920,000	2,441,000
Impairment of finite lived intangible assets				800,000
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	19,425,000	19,425,000	20,675,000
Intangible assets subject to amortization, accumulated amortization	(8,685,000)	(8,685,000)	(7,361,000)
Intangible assets subject to amortization, net amount	10,740,000	10,740,000	13,314,000
Local media [Member] | FCC licenses [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets not subject to amortization	624,684,000	624,684,000	624,684,000
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	1,214,000	1,214,000	1,212,000
Intangible assets subject to amortization, accumulated amortization	(419,000)	(419,000)	(126,000)
Intangible assets subject to amortization, net amount	795,000	795,000	1,086,000
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	229,309,000	229,309,000
Intangible assets subject to amortization, accumulated amortization	(135,789,000)	(135,789,000)	(129,362,000)
Intangible assets subject to amortization, net amount	93,520,000	93,520,000	99,947,000
Local media [Member] | Retransmission agreements [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Intangible assets subject to amortization, gross amount	21,229,000	21,229,000	21,229,000
Intangible assets subject to amortization, accumulated amortization	(6,993,000)	(6,993,000)	(3,454,000)
Intangible assets subject to amortization, net amount	14,236,000	$ 14,236,000	$ 17,775,000
Impairment of goodwill and other long-lived assets [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Impairment of intangible assets				10,300,000
Impairment of goodwill and other long-lived assets [Member] | National media [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Impairment of intangible assets				$ 10,300,000
Impairment of goodwill and other long-lived assets [Member] | National media [Member] | Trademarks [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Impairment of indefinite lived intangible assets	$ 38,900,000

Intangible Assets and Goodwil53

Intangible Assets and Goodwill (Goodwill) (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)reporting_unit	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	May 31, 2016
Goodwill [Roll Forward]
Goodwill	$ 1,000,078,000	$ 1,000,078,000	$ 1,001,246,000	$ 840,861,000
Accumulated impairment losses	(116,949,000)	(116,949,000)	0	0
Goodwill at beginning of period		1,001,246,000	840,861,000
Acquisitions		(1,168,000)	(160,385,000)
Impairment		(116,949,000)	0	0
Goodwill, Period Increase		(118,117,000)
Goodwill at end of period	883,129,000	$ 883,129,000	1,001,246,000	840,861,000
Number of reporting units | reporting_unit		3
Tax benefit related to impairment charge	9,500,000
National media [Member]
Goodwill [Roll Forward]
Goodwill	931,303,000	$ 931,303,000	932,471,000	789,038,000
Accumulated impairment losses	(116,949,000)	(116,949,000)	0	0
Goodwill at beginning of period		932,471,000	789,038,000
Acquisitions		(1,168,000)	(143,433,000)
Impairment		(116,949,000)
Goodwill, Period Increase		(118,117,000)
Goodwill at end of period	814,354,000	$ 814,354,000	932,471,000	789,038,000
Number of reporting units | reporting_unit		2
Local media [Member]
Goodwill [Roll Forward]
Goodwill	68,775,000	$ 68,775,000	68,775,000	51,823,000
Accumulated impairment losses	0	0	0	0
Goodwill at beginning of period		68,775,000	51,823,000
Acquisitions		0	(16,952,000)
Impairment		0
Goodwill, Period Increase		0
Goodwill at end of period	68,775,000	$ 68,775,000	$ 68,775,000	$ 51,823,000
Magazine brands [Member]
Goodwill [Roll Forward]
Percentage of fair value in excess of carrying amount					20.00%
Discount rate		10.00%
Terminal growth rate		2.00%
Percent of fair value to net assets, 100 basis point increase in discount rate					5.00%
Percent of fair value to net assets, 100 basis point decrease in discount rate					9.00%
Magazine brands [Member] | National media [Member]
Goodwill [Roll Forward]
Goodwill at end of period	759,400,000	$ 759,400,000
Magazine brands [Member] | Maximum [Member]
Goodwill [Roll Forward]
Revenue growth rate		2.00%
MXM [Member] | National media [Member]
Goodwill [Roll Forward]
Goodwill at end of period	54,900,000	$ 54,900,000
Impairment of goodwill and other long-lived assets [Member] | MXM [Member]
Goodwill [Roll Forward]
Impairment	$ (116,900,000)

Restructuring Accrual (Narrativ

Restructuring Accrual (Narrative) (Details) $ in Thousands	3 Months Ended						12 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2016USD ($)employee	Jun. 30, 2015USD ($)employee	Jun. 30, 2014USD ($)employee
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,400	$ 3,500	$ 1,000	$ 3,400	$ 9,900	$ 6,700	$ 10,300	$ 16,600	$ 24,500
Write-down of video production fixed assets							$ 161,997	$ 3,142	$ 11,447
Expected pay out period of severance costs (in months)							12 months
Number of employees affected by the plan | employee							150	275	175
Reversal of excess restructuring accrual	$ (1,700)			$ (1,100)
Selling, general and administrative expenses [Member]
Restructuring Cost and Reserve [Line Items]
Reversal of excess restructuring accrual							$ 3,247	$ 105	$ 1,400
Impairment of goodwill and other long-lived assets [Member]
Restructuring Cost and Reserve [Line Items]
Write-down of video production fixed assets								1,200
Write-down of fixed assets							5,700		900
Impairment of intangible assets									10,300
Production, distribution, and editorial [Member]
Restructuring Cost and Reserve [Line Items]
Manuscript and art inventory write-down							500	300	200
Employee Severance [Member] | Selling, general and administrative expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges							9,792	14,670	11,900
Other Restructuring [Member] | Selling, general and administrative expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges							$ 0	285
Other restructuring costs								$ 400	$ 1,200

Restructuring Accrual (Schedule

Restructuring Accrual (Schedule of Changes in the Restructuring Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Restructuring Reserve [Roll Forward]
Balance at beginning of year				$ 15,731			$ 15,731	$ 13,545
Restructuring charges	$ 2,400	$ 3,500	$ 1,000	3,400	$ 9,900	$ 6,700	10,300	16,600	$ 24,500
Cash payments							(14,888)	(12,664)
Reversal of excess accrual	1,700			$ 1,100
Balance at end of year	$ 7,388						7,388	15,731	13,545
Selling, general and administrative expenses [Member]
Restructuring Reserve [Roll Forward]
Reversal of excess accrual							(3,247)	(105)	(1,400)
Employee Severance [Member] | Selling, general and administrative expenses [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges							$ 9,792	$ 14,670	$ 11,900

Long-term Debt (Details)

Long-term Debt (Details)	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Debt Instrument [Line Items]
Subordinated note interest rate	3.50%
Write off of deferred financing costs			$ 600,000
Covenant requirement, maximum ratio of debt to trailing 12 month EBITDA	3.75
Covenant requirement, minimum ratio of EBITDA to interest expense	2.75
Interest expense related to long-term debt	$ 19,700,000	$ 18,500,000	$ 10,900,000
Line of Credit [Member] | Asset-backed Bank Facility [Member]
Debt Instrument [Line Items]
Accounts receivable net of reserves outstanding under revolving agreement	$ 169,500,000
Line of credit facility weighted average effective interest rate	1.35%
Maximum borrowing capacity	$ 100,000,000
Credit facility remaining borrowing capacity	$ 20,000,000
Line of Credit [Member] | Asset-backed Bank Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.40%
Line of Credit [Member] | Asset-backed Bank Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.45%
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 200,000,000
Weighted average interest rate	2.13%
Debt instrument term	5 years
Credit facility remaining borrowing capacity	$ 160,000,000
Credit facility, maximum additional borrowing capacity available	$ 200,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.125%
Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.25%
Term Loan Facility [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 250,000,000
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	100,000,000
Senior Notes [Member] | Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 150,000,000

Long-term Debt (Schedule of Lon

Long-term Debt (Schedule of Long-term Debt and Maturities of Long-term Debt) (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Long-term Debt [Abstract]
Long-term Debt	$ 695,000,000	$ 795,000,000
Current portion of long-term debt	(75,000,000)	(62,500,000)
Long-term debt	620,000,000	732,500,000
Principal payments on debt due in succeeding fiscal years [Abstract]
2,017	75,000,000
2,018	75,000,000
2,019	295,000,000
2,020	0
2,021	0
Thereafter	250,000,000
Total long-term debt	695,000,000	795,000,000
Variable-rate credit facilities [Member] | Asset-backed Bank Facility [Member]
Long-term Debt [Abstract]
Maximum borrowing capacity	100,000,000
Long-term Debt	80,000,000	80,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	80,000,000	80,000,000
Variable-rate credit facilities [Member] | Revolving Credit Facility [Member]
Long-term Debt [Abstract]
Maximum borrowing capacity	200,000,000
Long-term Debt	40,000,000	77,500,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	40,000,000	77,500,000
Term loan facility [Member] | Term Loan Facility [Member]
Long-term Debt [Abstract]
Maximum borrowing capacity	250,000,000
Long-term Debt	225,000,000	237,500,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	$ 225,000,000	237,500,000
Private placement notes [Member] | Senior Notes 3.04% Due 3/1/2016 [Member]
Long-term Debt [Abstract]
Stated interest rate	3.04%
Long-term Debt	$ 0	50,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	$ 0	50,000,000
Private placement notes [Member] | Senior Notes 3.04% Due 3/1/2017 [Member]
Long-term Debt [Abstract]
Stated interest rate	3.04%
Long-term Debt	$ 50,000,000	50,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	$ 50,000,000	50,000,000
Private placement notes [Member] | Senior Notes 3.04% Due 3/1/2018 [Member]
Long-term Debt [Abstract]
Stated interest rate	3.04%
Long-term Debt	$ 50,000,000	50,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	50,000,000	50,000,000
Private placement notes [Member] | Senior Notes Due 2022 [Member]
Long-term Debt [Abstract]
Long-term Debt	100,000,000	100,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	100,000,000	100,000,000
Private placement notes [Member] | Senior Notes Due 2024 [Member]
Long-term Debt [Abstract]
Long-term Debt	150,000,000	150,000,000
Principal payments on debt due in succeeding fiscal years [Abstract]
Total long-term debt	$ 150,000,000	$ 150,000,000

Long-term Debt (Derivatives) (D

Long-term Debt (Derivatives) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flow Hedging [Member] | Interest rate swaps [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 300,000,000
Derivative, notional amount	300,000,000
Fair value of interest rate swaps	7,300,000	$ 2,200,000
Maximum loss on counterparties failure to meet obligations	0	$ 1,100,000
Cash Flow Hedging [Member] | Interest Rate Swap Expiring August 2018 [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 50,000,000
Derivative, fixed interest rate	1.36%
Derivative, variable interest rate	0.45%
Cash Flow Hedging [Member] | Interest Rate Swap Expiring March 2019 [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 100,000,000
Derivative, fixed interest rate	1.53%
Derivative, variable interest rate	0.65%
Cash Flow Hedging [Member] | Interest Rate Swap Expiring August 2019 [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 150,000,000
Derivative, fixed interest rate	1.76%
Derivative, variable interest rate	0.69%
Term Loan Facility [Member] | Cash Flow Hedging [Member] | Interest rate swaps [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 50,000,000
Senior Notes Due 2024 [Member] | Cash Flow Hedging [Member] | Interest rate swaps [Member]
Derivative [Line Items]
Derivative, amount of hedged items	$ 250,000,000
Senior Notes [Member] | Senior Notes Due 2024 [Member]
Derivative [Line Items]
Effective interest rate	3.26%
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Derivative [Line Items]
Effective interest rate	3.03%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	69.20%	38.60%	34.90%
Goodwill, impairment loss	$ 116,949,000	$ 0	$ 0
Valuation allowance	905,000	1,808,000
Unrecognized tax benefits that, if recognized, would impact effective tax rate	28,300,000	27,300,000
Uncertain tax benefit recognized from lapse in statute of limitations that relate to income tax positions on temporary differences	900,000
Unrecognized tax benefits, accrued interest and penalties	$ 8,600,000	$ 7,700,000
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of goodwill impairment that is tax deductible	20.00%
Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 9,500,000
Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 25,100,000

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Currently payable
Federal	$ 59,173	$ 39,429	$ 37,615
State	7,263	4,583	2,764
Foreign	30	35	37
Current Total	66,466	44,047	40,416
Deferred
Federal	8,297	36,314	18,138
State	1,507	5,608	2,386
Foreign	0	0	(142)
Deferred Total	9,804	41,922	20,382
Income Taxes	$ 76,270	$ 85,969	$ 60,798

Income Taxes (Effective Income

Income Taxes (Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Effective income tax rate reconciliation
U.S. statutory tax rate	35.00%	35.00%	35.00%
State income taxes, less federal income tax benefits	3.60%	2.90%	2.20%
Settlements - audits / tax litigation	(0.40%)	(0.10%)	(0.30%)
Impairment of goodwill	29.30%	0.00%	0.00%
Restructuring of international operations	0.00%	0.00%	(2.50%)
Other	1.70%	0.80%	0.50%
Effective income tax rate	69.20%	38.60%	34.90%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Deferred tax assets
Accounts receivable allowances and return reserves	$ 12,742	$ 15,670
Compensation and benefits	45,813	35,850
Indirect benefit of uncertain state and foreign tax positions	10,598	9,925
All other assets	10,571	7,068
Total deferred tax assets	79,724	68,513
Valuation allowance	(905)	(1,808)
Net deferred tax assets	78,819	66,705
Deferred tax liabilities
Subscription acquisition costs	88,177	87,036
Accumulated depreciation and amortization	292,871	288,952
Deferred gains from dispositions	23,786	23,908
All other liabilities	10,331	6,842
Total deferred tax liabilities	415,165	406,738
Net deferred tax liability	$ 336,346	$ 340,033

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Reconciliation of gross unrecognized tax benefits [Roll Forward]
Balance at beginning of year	$ 35,919	$ 37,995
Increases in tax positions for prior years	51	0
Decreases in tax positions for prior years	(2,334)	(2,028)
Increases in tax positions for current year	6,259	5,686
Settlements	(97)	(1,853)
Lapse in statute of limitations	(1,832)	(3,881)
Balance at end of year	$ 37,966	$ 35,919

Pension and Postretirement Be64

Pension and Postretirement Benefit Plans (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
401(k) Savings and Investment Plan [Abstract]
Maximum percentage of eligible compensation allowed for employee contributions	50.00%
Employer matching percentage of the first 3% of employee contributions	100.00%
Maximum percentage of employee eligible compensation with 100% matching contributions by employer	3.00%
Employer matching percentage of the next 2% of employee contributions	50.00%
Maximum percentage of employee eligible compensation with 50% matching contributions by employer	2.00%
Company contribution expense	$ 9,600,000	$ 9,700,000	$ 9,300,000
Defined Benefit Postretirement Life Insurance [Member] | Key Officers and Retirees [Member]
Deferred Compensation Arrangements [Abstract]
Net periodic pension cost	400,000	400,000	$ 300,000
Accrued liability	4,600,000	4,200,000
Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	144,800,000	143,400,000
Expected benefit payments in fiscal 2017	19,999,000
Amounts to be Recognized as Net Periodic Benefit Costs in Next Fiscal Year [Abstract]
Net actuarial gains (losses)	(3,600,000)
Prior service costs (credit)	200,000
Postretirement [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected benefit payments in fiscal 2017	656,000
Amounts to be Recognized as Net Periodic Benefit Costs in Next Fiscal Year [Abstract]
Net actuarial gains (losses)	300,000
Prior service costs (credit)	(400,000)
Common stock [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Company stock included in equity securities plan assets	0	0
Class B stock [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Company stock included in equity securities plan assets	$ 0	$ 0

Pension and Postretirement Be65

Pension and Postretirement Benefit Plans (Obligations and Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Pension [Member]
Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	$ 155,427	$ 152,608
Service cost	11,908	12,173	$ 10,196
Interest cost	5,874	5,582	5,604
Participant contributions	0	0
Actuarial loss (gain)	15,085	(1,996)
Benefits paid (including lump sums)	(26,402)	(12,940)
Benefit obligation, end of year	161,892	155,427	152,608
Change in Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	141,586	145,179
Actual return on plan assets	1,129	3,857
Employer contributions	6,270	5,490
Participant contributions	0	0
Benefits paid (including lump sums)	(26,402)	(12,940)
Fair value of plan assets, end of year	122,583	141,586	145,179
Under funded status, end of year	(39,309)	(13,841)
Postretirement [Member]
Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	9,408	10,445
Service cost	101	117	170
Interest cost	385	407	480
Participant contributions	748	802
Actuarial loss (gain)	565	(1,007)
Benefits paid (including lump sums)	(1,541)	(1,356)
Benefit obligation, end of year	9,666	9,408	10,445
Change in Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	793	554
Participant contributions	748	802
Benefits paid (including lump sums)	(1,541)	(1,356)
Fair value of plan assets, end of year	0	0	$ 0
Under funded status, end of year	$ (9,666)	$ (9,408)

Pension and Postretirement Be66

Pension and Postretirement Benefit Plans (Fair Values and Financial Statement Presentation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Amounts Recognized in Accumulated Other Comprehensive Loss [Abstract]
Unrecognized net actuarial losses (gains), net of taxes	$ 22,962	$ 10,663
Unrecognized prior service cost (credit), net of taxes	18	(127)
Total	22,980	10,536
Pension [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	122,583	141,586	$ 145,179
Other assets
Prepaid benefit cost	1,458	18,071
Accrued expenses-compensation and benefits
Accrued benefit liability	(4,703)	(2,780)
Other noncurrent liabilities
Accrued benefit liability	(36,064)	(29,132)
Net amount recognized, end of year	(39,309)	(13,841)
Projected and Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Projected benefit obligation	40,867	32,012
Accumulated benefit obligation	35,225	29,099
Fair value of plan assets	100	100
Components of Net Periodic Benefit Costs [Abstract]
Service cost	11,908	12,173	10,196
Interest cost	5,874	5,582	5,604
Expected return on plan assets	(10,982)	(11,037)	(9,687)
Prior service cost (credit) amortization	194	225	391
Actuarial loss (gain) amortization	628	667	2,030
Curtailment credit	0	0	0
Settlement charge	5,586	0	0
Net periodic benefit costs (credit)	13,208	7,610	8,534
Amounts Recognized in Accumulated Other Comprehensive Loss [Abstract]
Unrecognized net actuarial losses (gains), net of taxes	24,267	12,733
Unrecognized prior service cost (credit), net of taxes	470	589
Total	24,737	13,322
Pension [Member] | Investments in Registered Investment Companies [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	120,996	140,983
Pension [Member] | Pooled Seperate Accounts [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	1,587	603
Pension [Member] | Quoted Prices (Level 1) [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	65,376	80,229
Pension [Member] | Quoted Prices (Level 1) [Member] | Investments in Registered Investment Companies [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	65,376	80,229
Pension [Member] | Quoted Prices (Level 1) [Member] | Pooled Seperate Accounts [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Other Observable Inputs (Level 2) [Member] | Investments in Registered Investment Companies [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Other Observable Inputs (Level 2) [Member] | Pooled Seperate Accounts [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Unobservable Inputs (Level 3) [Member] | Investments in Registered Investment Companies [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Pension [Member] | Significant Unobservable Inputs (Level 3) [Member] | Pooled Seperate Accounts [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0
Postretirement [Member]
Fair Value Measurements for Pension Assets [Abstract]
Fair value of plan assets	0	0	0
Other assets
Prepaid benefit cost	0	0
Accrued expenses-compensation and benefits
Accrued benefit liability	(656)	(700)
Other noncurrent liabilities
Accrued benefit liability	(9,010)	(8,708)
Net amount recognized, end of year	(9,666)	(9,408)
Components of Net Periodic Benefit Costs [Abstract]
Service cost	101	117	170
Interest cost	385	407	480
Expected return on plan assets	0	0	0
Prior service cost (credit) amortization	(428)	(432)	(440)
Actuarial loss (gain) amortization	(677)	(433)	(365)
Curtailment credit	0	0	(1,511)
Settlement charge	0	0	0
Net periodic benefit costs (credit)	(619)	(341)	$ (1,666)
Amounts Recognized in Accumulated Other Comprehensive Loss [Abstract]
Unrecognized net actuarial losses (gains), net of taxes	(1,305)	(2,070)
Unrecognized prior service cost (credit), net of taxes	(452)	(716)
Total	$ (1,757)	$ (2,786)

Pension and Postretirement Be67

Pension and Postretirement Benefit Plans (Assumptions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Effect of One-Percentage Point Change in Assumed HealthCare Cost Trend Rates [Abstract]
Effect of one percentage point increase on service and interest cost components	$ 27
Effect of one percentage point decrease on service and interest cost components	(22)
Effect of one percentage point increase on postretirement benefit obligation	458
Effect of one percentage point decrease on postretirement benefit obligation	$ (374)
Pension [Member]
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.98%	3.75%
Rate of compensation increase	3.50%	3.50%
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	3.75%	3.57%	3.93%
Expected return on plan assets	8.00%	8.00%	8.00%
Rate of compensation increase	3.50%	3.50%	3.50%
Postretirement [Member]
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3.40%	4.20%
Rate of compensation increase	3.50%	3.50%
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.20%	4.00%	4.50%
Rate of compensation increase	3.50%	3.50%	3.50%
Postretirement [Member] | Benefit Obligation [Member]
Rate of increase in health care cost [Abstract]
Initial level	7.00%	7.00%
Ultimate level	5.00%	5.00%
Years to ultimate level	5 years	6 years
Postretirement [Member] | Net Periodic Benefit Cost [Member]
Rate of increase in health care cost [Abstract]
Initial level	7.00%	7.00%	7.50%
Ultimate level	5.00%	5.00%	5.00%
Years to ultimate level	6 years	4 years	5 years

Pension and Postretirement Be68

Pension and Postretirement Benefit Plans (Plan Assets, Schedule of Allocations by Asset Category) (Details) - Pension [Member]	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Target plan assets allocation	100.00%	100.00%
Actual plan assets allocation	100.00%	100.00%
Domestic Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan assets allocation	35.00%	35.00%
Actual plan assets allocation	30.00%	35.00%
Fixed Income Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan assets allocation	30.00%	30.00%
Actual plan assets allocation	32.00%	29.00%
International Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan assets allocation	25.00%	25.00%
Actual plan assets allocation	27.00%	25.00%
Global Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan assets allocation	10.00%	10.00%
Actual plan assets allocation	11.00%	11.00%

Pension and Postretirement Be69

Pension and Postretirement Benefit Plans (Future Expected Benefit Payments) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosure [Line Items]
2,017	$ 19,999
2,018	19,270
2,019	18,579
2,020	22,536
2,021	19,474
2022-2026	75,236
Postretirement [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosure [Line Items]
2,017	656
2,018	705
2,019	691
2,020	675
2,021	662
2022-2026	$ 2,958

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net earnings	$ (90,515)	$ 80,904	$ 32,519	$ 11,029	$ 42,579	$ 25,256	$ 39,591	$ 29,365	$ 33,937	$ 136,791	$ 113,541
Basic average shares outstanding									44,606	44,522	44,636
Dilutive effect of stock options and equivalents									751	801	774
Diluted average shares outstanding									45,357	45,323	45,410
Earnings per share
Basic earnings per share (in dollars per share)	$ (2.03)	$ 1.81	$ 0.73	$ 0.25	$ 0.95	$ 0.57	$ 0.89	$ 0.66	$ 0.76	$ 3.07	$ 2.54
Diluted earnings per share (in dollars per share)	$ (2.03)	$ 1.79	$ 0.72	$ 0.24	$ 0.94	$ 0.56	$ 0.87	$ 0.65	$ 0.75	$ 3.02	$ 2.50
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares									1,300	900	1,800
Antidilutive securities, weighted average exercise price									$ 49.02	$ 50.52	$ 50.54

Capital Stock (Details)

Capital Stock (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016USD ($)classesofstockshares	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)shares	May 31, 2014USD ($)
Class of Stock [Line Items]
Number of classes of common stock outstanding | classesofstock	2
Authorized dollar amount of shares to be repurchased				$ 100,000
Remaining authorized repurchase amount	$ 84,000
Repurchases: Number of shares | shares	651	925	1,640
Repurchases: Cost at market value	$ 31,080	$ 46,764	$ 78,226
Shares tendered for the exercise of price of options (in shares) | shares	400	700	1,100
Cost of shares tendered for the exercise price of options	$ 18,000	$ 35,600	$ 54,100
Class B stock [Member]
Class of Stock [Line Items]
Common stock voting rights	10 votes per share
Common stock [Member]
Class of Stock [Line Items]
Common stock voting rights	one vote per share

Common Stock and Share-based 72

Common Stock and Share-based Compensation Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Common Stock and Share-based Compensation Plans [Abstract]
Compensation expense	$ 12.8	$ 12.5	$ 12.2
Income tax benefit from compensation expense	$ 4.6	$ 4.6	$ 4.5

Common Stock and Share-based 73

Common Stock and Share-based Compensation Plans (ESPP) (Details) - $ / shares	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	8,700,000
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price, as a percent of fair market value of stock on either first or last trading day of offering period	85.00%
Offering period frequency	quarterly
Number of shares authorized	1,500,000
Number of shares available for grant	244,000
Offering period	3 months
Expected stock price volatility	36.00%	37.00%	36.00%
Shares issued under plan
Shares issued	45,000	72,000	86,000
Average fair value	$ 6.77	$ 7.52	$ 7.59
Average purchase price	35.94	39.95	40.30
Average market price	$ 42.91	$ 50.83	$ 48.36

Common Stock and Share-based 74

Common Stock and Share-based Compensation Plans (Equity Instruments Other than Options) (Details) - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	8,700
Restricted Stock [Member]
Shares [Roll Forward]
Nonvested at beginning of year	365
Granted, shares/units	9
Vested, shares/units	(185)
Forfeited, shares/units	(10)
Nonvested at end of year	179	365
Weighted Average Grant/Issue Date Fair Value [Roll Forward]
Nonvested at beginning of year, weighted average grant/issue date fair value	$ 40.48
Granted, weighted average grant/issue date fair value	47.01
Vested, weighted average grant/issue date fair value	35.14
Forfeited, weighted average grant/issue date fair value	47.86
Nonvested at end of year, weighted average grant/issue date fair value	$ 45.93	$ 40.48
Nonvested at end of year, aggregate intrinsic value	$ 9,295,000
Unearned compensation cost	$ 500,000
Unearned compensation cost, weighted average period of recognition (in years)	11 months
Granted, weighted average grant date fair value	$ 47.01	$ 51.22	$ 48.01
Total fair value of shares vested	$ 8,500,000	$ 7,800,000	$ 6,200,000
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted Stock Units [Member]
Shares [Roll Forward]
Nonvested at beginning of year	159
Granted, shares/units	182
Vested, shares/units	(2)
Forfeited, shares/units	(20)
Nonvested at end of year	319	159
Weighted Average Grant/Issue Date Fair Value [Roll Forward]
Nonvested at beginning of year, weighted average grant/issue date fair value	$ 46.22
Granted, weighted average grant/issue date fair value	44.44
Vested, weighted average grant/issue date fair value	45.69
Forfeited, weighted average grant/issue date fair value	45.25
Nonvested at end of year, weighted average grant/issue date fair value	$ 45.28	$ 46.22
Nonvested at end of year, aggregate intrinsic value	$ 16,544,000
Unearned compensation cost	$ 4,700,000
Unearned compensation cost, weighted average period of recognition (in years)	1 year 8 months
Granted, weighted average grant date fair value	$ 44.44	$ 46.21
Total fair value of shares vested	$ 100,000	$ 100,000
Stock Equivalent Units [Member]
Shares [Roll Forward]
Nonvested at beginning of year	265
Granted, shares/units	34
Converted to common stock, units	(3)
Nonvested at end of year	296	265
Weighted Average Grant/Issue Date Fair Value [Roll Forward]
Nonvested at beginning of year, weighted average grant/issue date fair value	$ 36.12
Granted, weighted average grant/issue date fair value	41.10
Converted to common stock, weighted average fair value	29.54
Nonvested at end of year, weighted average grant/issue date fair value	$ 36.77	$ 36.12
Nonvested at end of year, aggregate intrinsic value	$ 4,482,000
Converted to common stock, total intrinsic value	$ 100,000	$ 100,000	$ 100,000

Common Stock and Share-based 75

Common Stock and Share-based Compensation Plans (Options) (Details) - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period	10 years
Award vesting period	3 years
Options [Roll Forward]
Outstanding, shares, at beginning of year	2,667
Granted, shares	445
Exercised, shares	(524)
Forfeited, shares	(174)
Outstanding, shares, at end of year	2,414	2,667
Weighted Average Exercise Price [Abstract]
Outstanding, weighted average exercise price per share, at beginning of year	$ 40.55
Granted, weighted average exercise price	44.94
Exercised, weighted average exercise price	34.65
Forfeited, weighted average exercise price	47.72
Outstanding, weighted average exercise price per share, at end of year	$ 42.12	$ 40.55
Outstanding, weighted average remaining contractual term, at end of year (in years)	5 years 8 months
Outstanding, aggregate intrinsic value, at end of year	$ 24,648
Exercisable, shares, at end of year	1,276
Exercisable, weighted average exercise price, at end of year	$ 38.38
Exercisable, weighted average remaining contractual term, at end of year (in years)	3 years 7 months
Exercisable, aggregate intrinsic value, at end of year	$ 18,276
Fair value assumptions [Abstract]
Risk free interest rate, minimum	1.80%	1.40%	1.90%
Risk free interest rate, maximum	2.00%	2.00%	2.10%
Expected dividend yield	4.00%	4.00%	4.20%
Expected option life	7 years	7 years	7 years
Expected stock price volatility	36.00%	37.00%	36.00%
Granted, weighted average grant date fair value	$ 10.80	$ 11.59	$ 11.41
Exercised, total intrinsic value	$ 8,000	$ 14,200	$ 9,600
Unearned compensation cost	$ 2,600
Unearned compensation cost, weighted average period of recognition (in years)	1 year 7 months
Cash received from option exercises	$ 18,200	37,700	54,500
Tax benefit realized from option exercises	$ 3,000	$ 5,500	$ 3,700

Commitments and Contingent Li76

Commitments and Contingent Liabilities (Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Rent expense for operating leases	$ 20,900	$ 20,100	$ 20,200
Operating Leases, Future Minimum Payments Due
2,017	16,524
2,018	15,099
2,019	13,411
2,020	13,090
2,021	14,337
Thereafter	54,405
Total minimum rentals	$ 126,866

Commitments and Contingent Li77

Commitments and Contingent Liabilities (Broadcast Rights) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Unavailable broadcast rights
Fair value of unavailable broadcast rights	$ 31,800
Broadcast Rights [Member]
Recorded broadcast rights commitments
Broadcast rights payments due: 2017	4,649
Broadcast rights payments due: 2018	1,234
Broadcast rights payments due: 2019	1,064
Broadcast rights payments due: 2020	1,053
Broadcast rights payments due: 2021	795
Broadcast rights payments due: Thereafter	1,378
Total amounts payable	10,173
Unavailable broadcast rights
Unavailable broadcast rights payments due: 2017	11,140
Unavailable broadcast rights payments due: 2018	12,822
Unavailable broadcast rights payments due: 2019	5,751
Unavailable broadcast rights payments due: 2020	2,863
Unavailable broadcast rights payments due: 2021	419
Unavailable broadcast rights payments due: Thereafter	0
Unavailable broadcast rights	$ 32,995

Other Comprehensive Income (L78

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning balance	$ (12,648)	$ (8,758)	$ (16,341)
Current-year adjustments, pretax	(25,737)	(6,315)	12,310
Tax benefit (expense)	9,884	2,425	(4,727)
Other comprehensive income (loss), net of income taxes	(15,853)	(3,890)	7,583
Accumulated other comprehensive loss, ending balance	(28,501)	(12,648)	(8,758)
Minimum Pension/Post Retirement Liability Adjustments [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning balance	(11,349)	(8,758)	(16,341)
Current-year adjustments, pretax	(20,703)	(4,206)	12,310
Tax benefit (expense)	7,951	1,615	(4,727)
Other comprehensive income (loss), net of income taxes	(12,752)	(2,591)	7,583
Accumulated other comprehensive loss, ending balance	(24,101)	(11,349)	(8,758)
Interest Rate Swaps [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning balance	(1,299)	0
Current-year adjustments, pretax	(5,034)	(2,109)
Tax benefit (expense)	1,933	810
Other comprehensive income (loss), net of income taxes	(3,101)	(1,299)
Accumulated other comprehensive loss, ending balance	$ (4,400)	$ (1,299)	$ 0

Fair Value Measurement (Carryin

Fair Value Measurement (Carrying Value and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Broadcast rights payable	$ 10,173	$ 7,774
Long-term debt	695,000	795,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Broadcast rights payable	9,655	7,490
Long-term debt	$ 695,533	$ 797,121

Fair Value Measurement (Recurri

Fair Value Measurement (Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Machinery and Equipment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate airplanes	$ 2,800
Machinery and Equipment [Member] | Measured at fair value on recurring basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate airplanes	2,800	$ 0
Other assets [Member] | Measured at fair value on recurring basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	0	1,139
Accrued expenses and other liabilities [Member] | Measured at fair value on recurring basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	2,768	3,295
Accrued expenses and other liabilities [Member] | Measured at fair value on recurring basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	800
Other noncurrent liabilities [Member] | Measured at fair value on recurring basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	4,511	0
Other noncurrent liabilities [Member] | Measured at fair value on recurring basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 56,631	$ 60,735

Fair Value Measurement (Changes

Fair Value Measurement (Changes in Fair Value of Level 3 Contingent Consideration) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Corporate airplanes [Member]
Corporate Airplanes [Roll Forward]
Balance at beginning of period	$ 8,439
Write-down of corporate airplanes	(5,639)
Balance at end of year	2,800	$ 8,439
Contingent Consideration [Member]
Contingent Consideration [Roll Forward]
Balance at beginning of year	56,631	61,535	$ 1,700
Additions due to acquisitions	0	61,335
Payments	(800)	0
Changes in present value of contingent consideration	(4,104)	(1,500)
Balance at end of year	$ 56,631	$ 61,535	$ 1,700

Financial Information about I82

Financial Information about Industry Segments (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2016USD ($)segmentmeasure	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment									2
Number of principal financial measures | measure									2
Amortization of broadcast rights									$ 16,735	$ 16,576	$ 8,785
Segment Reporting Information, Additional Information [Abstract]
Revenues	$ 435,778	$ 422,771	$ 406,413	$ 384,666	$ 425,908	$ 398,179	$ 398,905	$ 371,184	1,649,628	1,594,176	1,468,708
Income from operations	(86,554)	128,038	60,113	29,012	73,292	47,106	68,862	52,852	130,609	242,112	186,515
Interest expense, net									20,402	19,352	12,176
Earnings before income taxes									110,207	222,760	174,339
Depreciation and amortization									59,152	56,546	48,726
Assets	2,628,285				2,843,282				2,628,285	2,843,282	2,543,800
Capital expenditures									25,035	33,245	24,822
National media [Member]
Segment Reporting Information, Additional Information [Abstract]
Revenues	294,614	281,843	266,527	258,199	295,847	275,298	242,381	246,326	1,101,183	1,059,852	1,065,898
Income from operations	(108,860)	34,781	33,583	22,803	44,219	23,460	26,107	28,895	(17,693)	122,681	113,113
Depreciation and amortization									18,698	17,186	18,253
Assets	1,478,243				1,665,542				1,478,243	1,665,542	1,422,855
Capital expenditures									4,739	4,829	5,491
Local media [Member]
Segment Reporting Information, Additional Information [Abstract]
Revenues	141,164	140,928	139,886	126,467	130,061	122,881	156,524	124,858	548,445	534,324	402,810
Income from operations	42,563	46,150	40,441	29,327	39,959	31,420	54,986	36,312	158,481	162,677	113,060
Depreciation and amortization									38,332	37,521	28,815
Assets	1,054,311				1,072,152				1,054,311	1,072,152	996,935
Capital expenditures									17,250	23,224	16,578
Unallocated corporate [Member]
Segment Reporting Information, Additional Information [Abstract]
Income from operations	(20,257)	$ 47,107	$ (13,911)	$ (23,118)	(10,886)	$ (7,774)	$ (12,231)	$ (12,355)	(10,179)	(43,246)	(39,658)
Depreciation and amortization									2,122	1,839	1,658
Assets	$ 95,731				$ 105,588				95,731	105,588	124,010
Capital expenditures									$ 3,046	$ 5,192	$ 2,753

Selected Quarterly Financial 83

Selected Quarterly Financial Data (unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Quarterly Financial Data [Abstract]
Revenues	$ 435,778,000	$ 422,771,000	$ 406,413,000	$ 384,666,000	$ 425,908,000	$ 398,179,000	$ 398,905,000	$ 371,184,000	$ 1,649,628,000	$ 1,594,176,000	$ 1,468,708,000
Income from operations	(86,554,000)	128,038,000	60,113,000	29,012,000	73,292,000	47,106,000	68,862,000	52,852,000	130,609,000	242,112,000	186,515,000
Net earnings	$ (90,515,000)	$ 80,904,000	$ 32,519,000	$ 11,029,000	$ 42,579,000	$ 25,256,000	$ 39,591,000	$ 29,365,000	$ 33,937,000	$ 136,791,000	$ 113,541,000
Basic earnings per share (in dollars per share)	$ (2.03)	$ 1.81	$ 0.73	$ 0.25	$ 0.95	$ 0.57	$ 0.89	$ 0.66	$ 0.76	$ 3.07	$ 2.54
Diluted earnings per share (in dollars per share)	(2.03)	1.79	0.72	0.24	0.94	0.56	0.87	0.65	0.75	3.02	2.50
Dividends paid per share (in dollars per share)	$ 0.4950	$ 0.4950	$ 0.4575	$ 0.4575	$ 0.4575	$ 0.4575	$ 0.4325	$ 0.4325	$ 1.905	$ 1.78	$ 1.68
Restructuring charges	$ 2,400,000	$ 3,500,000	$ 1,000,000	$ 3,400,000		$ 9,900,000	$ 6,700,000		$ 10,300,000	$ 16,600,000	$ 24,500,000
Reduction in estimated contingent consideration payable	3,200,000	1,800,000		1,400,000	$ 1,500,000		1,100,000		(4,104,000)	(1,500,000)	(5,700,000)
Reversal of excess restructuring accrual	(1,700,000)			(1,100,000)
Merger related costs			3,500,000	12,700,000
Goodwill, impairment loss									116,949,000	0	0
Impairment of indefinite lived intangible assets										0	0
National media [Member]
Quarterly Financial Data [Abstract]
Revenues	294,614,000	281,843,000	266,527,000	258,199,000	295,847,000	275,298,000	242,381,000	$ 246,326,000	1,101,183,000	1,059,852,000	1,065,898,000
Income from operations	(108,860,000)	34,781,000	33,583,000	22,803,000	44,219,000	23,460,000	26,107,000	28,895,000	(17,693,000)	122,681,000	113,113,000
Goodwill, impairment loss									116,949,000
Local media [Member]
Quarterly Financial Data [Abstract]
Revenues	141,164,000	140,928,000	139,886,000	126,467,000	130,061,000	122,881,000	156,524,000	124,858,000	548,445,000	534,324,000	402,810,000
Income from operations	42,563,000	46,150,000	40,441,000	29,327,000	39,959,000	31,420,000	54,986,000	36,312,000	158,481,000	162,677,000	113,060,000
Goodwill, impairment loss									0
Unallocated corporate [Member]
Quarterly Financial Data [Abstract]
Income from operations	$ (20,257,000)	$ 47,107,000	$ (13,911,000)	$ (23,118,000)	$ (10,886,000)	$ (7,774,000)	$ (12,231,000)	$ (12,355,000)	(10,179,000)	(43,246,000)	(39,658,000)
Pension [Member]
Quarterly Financial Data [Abstract]
Settlement charge									$ (5,586,000)	$ 0	0
Trademarks [Member] | National media [Member]
Quarterly Financial Data [Abstract]
Impairment of indefinite lived intangible assets											$ 9,500,000

Schedule II - Valuation and Q84

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 8,495	$ 7,813	$ 10,559
Charged to cost and expenses	8,642	9,791	7,839
Charged to other accounts	0	0	0
Deductions	(8,806)	(9,109)	(10,585)
Balance at end of period	8,331	8,495	7,813
Reserve for doubtful accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	6,523	5,464	6,653
Charged to cost and expenses	4,845	5,044	3,177
Charged to other accounts	0	0	0
Deductions	(4,314)	(3,985)	(4,366)
Balance at end of period	7,054	6,523	5,464
Reserve for returns [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	1,972	2,349	3,906
Charged to cost and expenses	3,797	4,747	4,662
Charged to other accounts	0	0	0
Deductions	(4,492)	(5,124)	(6,219)
Balance at end of period	$ 1,277	$ 1,972	$ 2,349