"Joe brings a strong record of financial and operating experience to the position, having served as a public company CFO and a regional president," said Meredith President and Chief Executive Officer Stephen M. Lacy. "At McLeodUSA, he took the lead role with the investment community, as well as in negotiating and executing a series of strategic acquisitions. Plus, he has a strong background in public accounting."

A Certified Public Accountant, Ceryanec worked at KPMG and Ernst & Young early in his career. Ceryanec is a 1984 graduate of the University of Iowa with a Bachelor's of Business Administration degree in Accounting. Ceryanec and his wife, LaNae, have three children.

Meredith Corporation (http://www.meredith.com) combines well-known national brands -- including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, American Baby, Fitness and More -- with local television brands in fast growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, health and wellness and self-development. Meredith then uses multiple distribution platforms -- including print, television, online, mobile and video -- to give consumers content they desire and to deliver the messages of its marketing partners.

Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. In the last two years, Meredith has significantly added to its capabilities in this area through the acquisition of cutting-edge companies in areas such as online, word-of-mouth and database marketing. Meredith also licenses its popular brands to leading companies, including an extensive line of Better Homes and Gardens-branded home products available exclusively at Walmart.

Meredith employs approximately 3,500 people throughout the United States, including approximately 1,000 in Des Moines and 750 in New York City. Meredith's fiscal 2008 annual revenues were $1.6 billion.

Media Contact:

Art Slusark, VP Corporate Communications: 515.284.3404 or art.slusark@meredith.com

SOURCE Meredith Corporation

http://www.meredith.com

Prior to his time at McLeodUSA, Ceryanec worked at KPMG and Ernst & Young.

Des Moines, Iowa-based Meredith's brands include Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, American Baby, Fitness and More, and various local television brands.

Meredith also uses its assets to create custom marketing solutions for various brands and companies. Over the past two years, the company has added to its capabilities in this area through the acquisition of companies in areas such as online, word-of-mouth and database marketing. Meredith also licenses its brands to leading companies, including a line of Better Homes and Gardens-branded home products available exclusively at Walmart.

Meredith employs around 3,500 people throughout the United States, including around 1,000 in Des Moines and 750 in New York City. Meredith posted fiscal 2008 annual revenues of $1.6 billion.

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The company expects to deploy a Unified Product Portfolio as well as common provisioning and customer-care platforms, and Network Operations Centers in early 2009.

PAETEC completed its acquisition of McLeodUSA on Feb. 8, 2008. The merger created a national network footprint with the addition of 26 of the top 100 US markets across the Midwest, Northwest and Southwest regions of the United States. The new markets for PAETEC include Cleveland, Dallas, Denver, Detroit, Houston, Minneapolis-St. Paul, Phoenix, Portland, St. Louis, and Seattle.

Other integration activities that PAETEC has previously achieved include the:

-- Integration of McLeodUSA's Signaling System 7 (SS7) infrastructure to create a unified Signal Transfer Point (STP) backbone that spans from coast-to-coast.

-- Consolidation of all Caller ID with Name (CNAM) and toll-free services, which creates network efficiencies and greater service consistency.

-- Migration of McLeodUSA's Local Number Portability (LNP) services to PAETEC's Local Service Management System (LSMS). Taking control of this service internally enables the company to more rapidly migrate customers to PAETEC services.

-- Conversion of former McLeodUSA employees to PAETEC's payroll and benefits policies and systems.

About PAETEC

PAETEC (NASDAQ GS: PAET) is personalizing communications for business-class customers across the United States. We offer a comprehensive suite of data,voice,and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.

SOURCE: PAETEC Holding Corp.

PAETEC 
Media 
Dan Smith, 469-341-3129 
daniel.smith@paetec.com 
or 
Investors 
Tom Morabito, 585-340-5413 
tom.morabito@paetec.com