Exhibit 99
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     MEREDITH COMPLETES ACQUISITION OF ATLANTA CBS AFFILIATE WGNX-TV



     DES MOINES, IOWA -- (March 1, 1999) -- Meredith Corporation (NYSE:MDP)
announced today it has completed its acquisition of Atlanta CBS affiliate WGNX-
TV from Tribune Company (NYSE:TRB).

     The Meredith Broadcasting Group now numbers 12 stations, including four in
the five fastest-growing television markets in the Top 25 (Atlanta, Phoenix,
Orlando, and Portland, OR).  Combined, the Meredith stations' reach has
increased 22 percent, to 9.4 percent of all U.S. television households.

     "This is a significant opportunity for Meredith, one that demonstrates our
confidence in the growth potential of the Atlanta market as well as the future
of television broadcasting," said Meredith Corporation Chairman and Chief
Executive Officer William T. Kerr.  "We're particularly pleased that we've been
able to attract experienced broadcasting veteran Allen Shaklan to lead the
station."

     Shaklan, hired by Meredith as the station's Vice President - General
Manager, plans to concentrate on improving and expanding WGNX's news
operations.

     "We'll invest heavily in all areas related to news, from reporting to
production to promotion," said Shaklan.  "We'll also address sales development
and research and marketing needs.  We have high expectations for this station,
and we have every reason to believe we can excel and thrive in this market."

     Meredith Corporation (www.meredith.com), headquartered in Des Moines,
Iowa, is one of America's leading media and marketing companies with core
competencies in magazine and book publishing, television broadcasting and
integrated marketing.

     The Meredith Broadcasting Group includes 12 television stations that reach
nearly 10 percent of television households across the continental United
States:  WGNX-TV (CBS), Atlanta, GA; KPHO-TV (CBS), Phoenix, AZ; WOFL-TV (FOX),
Orlando, FL; KPDX-TV (FOX), Portland, OR; WFSB-TV (CBS), Hartford/New Haven,
CT; KCTV (CBS), Kansas City, MO; WSMV-TV (NBC), Nashville, TN; WHNS-TV (FOX),
Greenville/Spartanburg/Anderson, SC/Asheville, NC; WNEM-TV (CBS), Flint/
Saginaw, MI; KVVU-TV (FOX), Las Vegas, NV; WOGX-TV (FOX), Ocala/Gainesville,
FL; and KFXO-LP (FOX), Bend, OR.

     The Meredith Publishing Group publishes 20 subscription magazine titles,
including Better Homes and Gardens, the market leader in the women's service
field.  Meredith's Better Homes and Gardens New Cook Book has been a fixture in
American kitchens for nearly 70 years, and is one of the all-time best selling
hard-cover books.  Additionally, Meredith has established marketing
partnerships with some of the nation's best-known companies and brands,
including The Home Depot, Kraft Foods and Nestle USA.