/PRNewswire/ IAC (NASDAQ: IAC) and Meredith Corporation (NYSE: MDP), a leading media company and owner of world-class brands such as PEOPLE, Better Homes &.
/PRNewswire/ IAC (NASDAQ: IAC) and Meredith Corporation (NYSE: MDP), a leading media company and owner of world-class brands such as PEOPLE, Better Homes &.
IAC In Talks To Buy Magazine Publisher Meredith: Report finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Meredith sells broadcasting arm Local Media Group for $2.7B; National Media Group to spin off as publicly traded company
BY BUSINESS RECORD STAFF Monday, May 3, 2021 11:05 AM Meredith Corp. today announced that it has agreed to sell its Local Media Group to Gray Television Inc. for $2.7 billion in cash and will focus exclusively on its National Media Group portfolio.
Under the terms of the transaction, Meredith s National Media Group will be spun off to shareholders as a stand-alone publicly traded company retaining the Meredith name, with shareholders receiving cash consideration per share of approximately $14.50 and 1-for-1 equity share in post-close Meredith. The transaction was unanimously approved by Meredith s and Gray s boards.