<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM the Consolidated Balance Sheet at June 30, 1994 and the Consolidated Statement of Earnings for the year ended June 30, 1994 of Meredith Corporation and Subsidiaries AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1994 <PERIOD-END> JUN-30-1994 <CASH> 37,957 <SECURITIES> 12,178 <RECEIVABLES> 93,325 <ALLOWANCES> 17,469 <INVENTORY> 34,962 <CURRENT-ASSETS> 298,268 <PP&E> 231,158 <DEPRECIATION> 106,503 <TOTAL-ASSETS> 864,467 <CURRENT-LIABILITIES> 280,379 <BONDS> 126,822 <COMMON> 13,721 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 244,040 <TOTAL-LIABILITY-AND-EQUITY> 864,467 <SALES> 799,526 <TOTAL-REVENUES> 799,526 <CGS> 326,727 <TOTAL-COSTS> 326,727 <OTHER-EXPENSES> 34,256 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,624 <INCOME-PRETAX> 54,233 <INCOME-TAX> 27,079 <INCOME-CONTINUING> 27,154 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,154 <EPS-PRIMARY> 1.91 <EPS-DILUTED> 1.90