Meredith Corporation announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company's total revenues were $354,048,000 against $360,595,000 a year ago. Income from operations was $51,901,000 against $57,453,000 a year ago. Earnings before income taxes were $49,346,000 against $54,137,000 a year ago. Net earnings were $30,569,000 or $0.67 diluted earnings per share against $35,571,000 or $0.79 per diluted share. Total EBITDA was $63,491,000 against $68,420,000 a year ago.

For the six months, the company's total revenues were $710,500,000 against $714,752,000 a year ago. Income from operations was $94,709,000 against $102,758,000 a year ago. Earnings before income taxes were $89,441,000 against $95,756,000 a year ago. Net earnings were $54,610,000 or $1.20 diluted earnings per share against $60,426,000 or $1.34 per diluted share. Net cash provided by operating activities was $60,687,000 against $80,383,000 a year ago. Additions to property, plant, and equipment were $11,272,000 against 13,659,000 a year ago. Total EBITDA was $118,094,000 against $125,652,000 a year ago.

The company expects fiscal 2014 third quarter earnings per share to range from $0.63 to $0.68. Looking more closely at the third quarter of fiscal 2014 compared to the year-ago period, with significant month-to-month volatility and excluding operating results and transaction expenses related to the acquisitions of television stations in Phoenix and St. Louis: total company revenues are expected to be flat to down slightly. Total Local Media Group revenues are expected to be up mid to high single digits. Total National Media Group revenues are expected to be down low single digits.

For the full year of fiscal 2014, the company continues to expect earnings per share to range from $2.60 to $2.95, excluding operating results and transaction expenses related to the acquisitions of television stations in Phoenix and St. Louis.