Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LACY STEPHEN M
   2. Issuer Name and Ticker or Trading Symbol
MEREDITH CORP [MDP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
1716 LOCUST STREET		 3. Date of Earliest Transaction (Month/Day/Year)
01/27/2007
(Street)

DES MOINES, IA 50309-3023		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (Restricted) ($1 par value) (1) 01/27/2007   A   770 A $ 0 13,030 D  
Common Stock ($1 par value) (2)               2,600 D  
Common Stock ($1 par value) (3)               8,739 I by Managed Account

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) (4) $ 25.25             03/08/2003 03/08/2010 Common Stock ($1 par value) 12,000   12,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 28.0625             08/09/2008 08/08/2010 Common Stock ($1 par value) 18,000   18,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 28.0625             08/09/2001 08/09/2010 Common Stock ($1 par value) 24,000   24,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 30.75             08/09/2008 11/12/2010 Common Stock ($1 par value) 12,000   12,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 30.75             11/13/2001 11/13/2010 Common Stock ($1 par value) 16,000   16,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 33.1563             08/11/2000 08/11/2009 Common Stock ($1 par value) 18,000   18,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 34.8             08/08/2002 08/08/2011 Common Stock ($1 par value) 50,000   50,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 39.05             08/13/2003 08/13/2012 Common Stock ($1 par value) 60,000   60,000 D  
Non-Qualified Stock Option (right to buy) (7) $ 40.6563             08/12/2000 08/12/2007 Common Stock ($1 par value) 12,000   12,000 D  
Non-Qualified Stock Option (right to buy) (6) $ 40.6563             02/03/1999 02/02/2008 Common Stock ($1 par value) 23,400   23,400 D  
Non-Qualified Stock Option (right to buy) (6) $ 41.6875             08/12/1999 08/12/2008 Common Stock ($1 par value) 18,000   18,000 D  
Non-Qualified Stock Option (right to buy) (4) $ 46.165             08/12/2006 08/12/2013 Common Stock ($1 par value) 70,000   70,000 D  
Non-Qualified Stock Option (right to buy) (8) $ 46.165             08/12/2011 08/13/2013 Common Stock ($1 par value) 70,000   70,000 D  
Non-Qualified Stock Option (right to buy) (4) $ 46.21             08/08/2009 08/08/2016 Common Stock ($1 par value) 106,000   106,000 D  
Non-Qualified Stock Option (right to buy) (4) $ 49.1             08/09/2008 08/09/2015 Common Stock ($1 par value) 53,333   53,333 D  
Non-Qualified Stock Option (right to buy) (4) $ 49.97             08/10/2007 08/10/2014 Common Stock ($1 par value) 90,000   90,000 D  
Restricted stock units (9) $ 0             08/08/1988 08/08/1988 Common Stock ($1 par value) 16,461   16,461 D  
Stock equivalent units $ 0             08/08/1988 08/08/1988 Common Stock ($1 par value) (10) 21,075   21,075 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LACY STEPHEN M
1716 LOCUST STREET
DES MOINES, IA 50309-3023		   X     President & CEO  

Signatures

 By: John S. Zieser, Attorney-in-Fact For: Stephen M. Lacy   01/29/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares were awarded pursuant to the Meredith Corporation Stock Incentive Plans. The shares are subject to forfeiture and are nontransferable until vested, as specified in each award agreement.
(2) Shares are held in a joint account with reporting person's spouse.
(3) Shares held in reporting person's IRA and Meredith Corp. Savings & Investment Plan accounts, upon which quarterly dividends are paid in the form of additional Common Stock ($1 par value).
(4) This option was granted pursuant to the Meredith Corp. Stock Incentive Plans and becomes exercisable in its entirety on the third anniversary of the date of grant.
(5) This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full August 9, 2008. Graduated percentages of the option, however, will become exercisable August 13, 2003, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
(6) This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and becomes exercisable in three equal annual installments, commencing on the first anniversary of the date of grant.
(7) This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full February 12, 2007. Graduated percentages of the option, however, will become exercisable August 12, 2000, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
(8) This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full on August 12, 2011. Graduated percentages of the option, however, will become exercisable on August 12, 2006, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
(9) Restricted stock units (granted pursuant to Meredith Corp.'s 2004 Stock Incentive Plan), which will be converted to Common Stock ($1 par value) on a one-for-one basis: 2,572.93 upon the reporting person's retirement from or termination of Meredith Corp. employment; and 13,889, upon the attainment of specified EPS growth targets and the completion of a three-year period of service. Quarterly dividends are accrued in the form of additional restricted stock units.
(10) Stock equivalents issued pursuant to Meredith Corp.'s deferred compensation plan which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the reporting person's retirement from or termination of Meredith Corp. employment. Quarterly dividends are accrued in the form of additional stock equivalents. Data in this footnote would normally appear in the Title, Exercisable Date, and Price columns.

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