THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Meredith Corporation (MDP)

9/29/2005 Proxy Information

Under the terms of a lease agreement regarding a King Air aircraft owned by Mrs. Katherine C. Meredith, the Company has contracted to rent the aircraft at an hourly rate and to provide storage, crew, and other services to Mrs. Meredith at negotiated rates. Under the terms of the agreement, during the fiscal year ended June 30, 2005, the charges assessed to the Company for its use of the King Air were approximately $124,000 and the charges assessed to Mrs. Meredith for services provided by the Company for the aircraft were approximately $76,000.

Members of the Meredith family are substantial shareholders of the Company.

9/27/2004 Proxy Information

Under the terms of a lease agreement regarding a King Air aircraft owned by Ms. Katherine C. Meredith, the Company has contracted to rent the aircraft at an hourly rate and to provide storage, crew, and other services to Ms. Meredith at negotiated rates. Under the terms of the agreement, during the fiscal year ended June 30, 2004, the charges assessed to the Company for its use of the King Air were approximately $107,000 and the charges assessed to Ms. Meredith for services provided by the Company for the aircraft were approximately $84,000.

10/7/2003 Proxy Information

Under the terms of a consultancy agreement between the Company and E.T. Meredith III, Mr. Meredith provided consulting services to the Company, including services with respect to the CompanyÕs aviation department, as requested from time to time by the Chief Executive Officer or Board of Directors. As consideration for such services, the Company provided to Mr. Meredith the continuation of certain perquisites he received while an employee of the Company, as well as health insurance coverage. The consultancy agreement terminated upon the death of Mr. Meredith on February 3, 2003.

Prior to the death of Mr. Meredith, a time-sharing agreement (regarding a Company-owned Learjet) and a lease agreement (regarding a King Air aircraft owned by Mr. Meredith) governed the use of the Learjet by Mr. Meredith and his family and the use of the King Air by the Company, respectively. Following Mr. MeredithÕs death, the Learjet time-sharing agreement was terminated and ownership of the King Air aircraft (and the related lease agreement) was transferred to Mrs. Katherine C. Meredith, his wife. During the fiscal year ended June 30, 2003, the charges assessed to Mr. Meredith and his family for use of the Learjet were approximately $45,000 and the charges assessed to the Company for its use of the King Air were approximately $34,000.

During the fiscal year ended June 30, 2003, the Company was reimbursed approximately $65,000 with respect to certain accounting and administrative support services provided to the Meredith family by an employee of the Company. Such amount represents an allocation of the cost to the Company of salary, benefits and office space for such employee, based upon the estimated percentage of such employeeÕs time spent on Meredith family matters.