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 *
KERR WILLIAM T
   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)
Chairman & CEO
(Last)
(First)
(Middle)
1716 LOCUST STREET		 3. Date of Earliest Transaction (Month/Day/Year)
01/04/2006
(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 ($1 par value) (1) 01/04/2006   M   50,000 A $ 32.539 187,524 D  
Common Stock ($1 par value) (1) 01/04/2006   M   50,000 A $ 21.0938 237,524 D  
Common Stock ($1 par value) 01/04/2006   S   18,106 D (2) 219,418 D  
Common Stock ($1 par value) 01/04/2006   S   11,504 D (3) 207,914 D  
Common Stock ($1 par value) (1) 01/04/2006   F   11,840 D $ 52.03 196,074 D  
Common Stock ($1 par value) (1) 01/04/2006   F   20,271 D $ 52.03 175,803 D  
Common Stock ($1 par value) (1) 01/04/2006   F   7,389 D $ 52.03 168,414 D  
Common Stock ($1 par value) (1) 01/04/2006   F   31,270 D $ 52.03 137,144 D  
Common Stock ($1 par value) (4)               5,769 I by Managed Account
Common Stock ($1 par value)               95,917 I by Partnership
Common Stock ($1 par value)               15,000 I by Spouse

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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) (5) $ 21.0938 01/04/2006   M     50,000 07/01/2001 06/30/2006 Common Stock ($1 par value) 50,000 $ 0 41,600 D  
Non-Qualified Stock Option (right to buy) (5) $ 32.539 01/04/2006   M     50,000 01/02/2002 01/01/2007 Common Stock ($1 par value) 50,000 $ 0 16,600 D  
Non-Qualified Stock Option (right to buy) (5) $ 26.0313             01/02/2002 01/01/2007 Common Stock ($1 par value) 233,400   233,400 D  
Non-Qualified Stock Option (right to buy) (5) $ 26.3672             07/01/2001 06/30/2006 Common Stock ($1 par value) 58,400   58,400 D  
Non-Qualified Stock Option (right to buy) (6) $ 28.0625             08/09/2008 08/08/2010 Common Stock ($1 par value) 75,000   75,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 28.0625             08/09/2001 08/09/2010 Common Stock ($1 par value) 100,000   100,000 D  
Non-Qualified Stock Option (right to buy) (7) $ 29.875             08/12/2000 08/12/2007 Common Stock ($1 par value) 85,000   85,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 33.1563             08/11/2000 08/11/2009 Common Stock ($1 par value) 100,000   100,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 34.8             08/08/2002 08/08/2011 Common Stock ($1 par value) 120,000   120,000 D  
Non-Qualified Stock Option (right to buy) (5) $ 39.05             08/13/2003 08/13/2012 Common Stock ($1 par value) 150,000   150,000 D  
Non-Qualified Stock Option (right to buy) (8) $ 46.165             08/12/2006 08/12/2013 Common Stock ($1 par value) 175,000   175,000 D  
Non-Qualified Stock Option (right to buy) (9) $ 46.165             08/12/2011 08/13/2013 Common Stock ($1 par value) 175,000   175,000 D  
Non-Qualified Stock Option (right to buy) (8) $ 49.145             08/10/2008 08/10/2015 Common Stock ($1 par value) 180,000   180,000 D  
Non-Qualified Stock Option (right to buy) (8) $ 49.97             08/10/2007 08/10/2014 Common Stock ($1 par value) 195,000   195,000 D  
Stock equivalent units $ 0             08/08/1988 08/08/1988 Common Stock ($1 par value) (10) 46,121   46,121 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KERR WILLIAM T
1716 LOCUST STREET
DES MOINES, IA 50309-3023		   X     Chairman & CEO  

Signatures

 By: John S. Zieser, Attorney-in-Fact For: William T. Kerr   01/05/2006
**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 held by the reporting person in street name.
(2) Shares sold on open market at a range of $52.00 to $52.2194.
(3) Shares sold on open market at a range of $52.00 to $52.22.
(4) Shares attributed to the reporting person's Meredith Corporation Savings and Investment Plan account. Quarterly dividends on these shares are paid in the form of additional Common Stock, $1 par value.
(5) 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.
(6) 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.
(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 Meredith Corp. Stock Incentive Plans and becomes exercisable in its entirety on the third anniversary of the date of grant.
(9) 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.
(10) Stock equivalents issued at fair market value (the average of the high and low selling price of Meredith Common Stock on the issue date), 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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