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Revenue Recognition
9 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
10. Revenue Recognition

Meredith disaggregates revenue from contracts with customers by types of goods and services. A reconciliation of disaggregated revenue to segment revenue (as provided in Note 13) is as follows.

Three months ended March 31, 2021National
Media
Local
Media
Intersegment
Elimination
Total
(In millions)
Advertising related
Digital$102.4 $4.6 $— $107.0 
Magazine96.9 — — 96.9 
Non-political spot— 74.5 — 74.5 
Political spot— 4.3 — 4.3 
Third party sales6.6 15.2 (0.9)20.9 
Total advertising related205.9 98.6 (0.9)303.6 
Consumer related
Subscription136.4 — — 136.4 
Retransmission— 97.8 — 97.8 
Newsstand36.2 — — 36.2 
Licensing32.4 — — 32.4 
Affinity marketing15.3 — — 15.3 
Digital and other consumer driven21.2 0.1 — 21.3 
Total consumer related241.5 97.9 — 339.4 
Other
Projects based14.7 — — 14.7 
Other 2.8 4.0 — 6.8 
Total other17.5 4.0 — 21.5 
Total revenues$464.9 $200.5 $(0.9)$664.5 
Three months ended March 31, 2020National
Media
Local
Media
Intersegment
Elimination
Total
(In millions)
Advertising related
Digital$84.6 $4.4 $— $89.0 
Magazine136.3 — — 136.3 
Non-political spot— 70.8 — 70.8 
Political spot— 10.5 — 10.5 
Third party sales11.9 14.0 (0.4)25.5 
Total advertising related232.8 99.7 (0.4)332.1 
Consumer related
Subscription150.7 — — 150.7 
Retransmission— 92.2 — 92.2 
Newsstand45.4 — — 45.4 
Licensing25.3 — — 25.3 
Affinity marketing16.3 — — 16.3 
Digital and other consumer driven15.7 — — 15.7 
Total consumer related253.4 92.2 — 345.6 
Other
Projects based15.4 — — 15.4 
Other5.3 3.3 — 8.6 
Total other20.7 3.3 — 24.0 
Total revenues$506.9 $195.2 $(0.4)$701.7 

Nine months ended March 31, 2021National
Media
Local
Media
Intersegment
Elimination
Total
(In millions)
Advertising related
Digital$368.7 $13.8 $— $382.5 
Magazine325.8 — — 325.8 
Non-political spot— 206.6 — 206.6 
Political spot— 173.7 — 173.7 
Third party sales34.4 68.2 (4.0)98.6 
Total advertising related728.9 462.3 (4.0)1,187.2 
Consumer related
Subscription414.6 — — 414.6 
Retransmission— 281.1 — 281.1 
Newsstand111.6 — — 111.6 
Licensing91.0 — — 91.0 
Affinity marketing48.2 — — 48.2 
Digital and other consumer driven69.0 0.6 — 69.6 
Total consumer related734.4 281.7 — 1,016.1 
Other
Projects based35.7 — — 35.7 
Other 9.6 10.9 — 20.5 
Total other45.3 10.9 — 56.2 
Total revenues$1,508.6 $754.9 $(4.0)$2,259.5 
Nine months ended March 31, 2020National
Media
Local
Media
Intersegment
Elimination
Total
(In millions)
Advertising related
Digital$308.4 $13.5 $— $321.9 
Magazine446.1 — — 446.1 
Non-political spot— 237.1 — 237.1 
Political spot— 17.5 — 17.5 
Third party sales51.3 66.7 (1.6)116.4 
Total advertising related805.8 334.8 (1.6)1,139.0 
Consumer related
Subscription461.0 — — 461.0 
Retransmission— 256.9 — 256.9 
Newsstand125.7 — — 125.7 
Licensing69.7 — — 69.7 
Affinity marketing50.2 — — 50.2 
Digital and other consumer driven54.1 — — 54.1 
Total consumer related760.7 256.9 — 1,017.6 
Other
Projects based44.9 — — 44.9 
Other 25.6 10.3 — 35.9 
Total other70.5 10.3 — 80.8 
Total revenues$1,637.0 $602.0 $(1.6)$2,237.4 

Contract Balances

The timing of Meredith’s performance under its various contracts often differs from the timing of the customer’s payment, which results in recognition of a contract asset or a contract liability. A contract asset is recognized when a good or service is transferred to a customer, and the Company does not have the contractual right to bill for the related performance obligations. Due to the nature of its contracts, the Company does not have any significant contract assets. A contract liability is recognized when consideration is received from the customer prior to the transfer of goods or services. Current portion of contract liabilities were $376.2 million at March 31, 2021, and $403.2 million at June 30, 2020, and are presented as current portion of unearned revenues on the Condensed Consolidated Balance Sheets. Noncurrent contract liabilities were $223.7 million and $267.5 million at March 31, 2021 and June 30, 2020, respectively, and are reflected as unearned revenues on the Condensed Consolidated Balance Sheets. Revenue of $337.8 million and $401.9 million recognized in the nine-month periods ended March 31, 2021 and 2020, respectively, was in contract liabilities at the beginning of the periods.