Media General to Buy Meredith Corporation for $2.4 Billion


(New York Times) – Media General said on Tuesday that it had agreed to acquire the television, magazine publishing and marketing company Meredith Corporation in a cash-and-stock deal valued at $2.4 billion.

The combined company, to be known as Meredith Media General, will be one of the largest owners of broadcast network affiliates in the United States with 88 stations in 54 markets. It will reach about 30 percent of American television households, or about 34 million viewers, the companies said.

Meredith Media General’s combined assets also will include a number of well-known magazines aimed at women, including Better Homes and Gardens, Martha Stewart Living and Shape, and digital platforms like

Under the terms of the deal, Meredith investors will receive cash and stock valued at $51.53 a share, representing a 12 percent premium to Meredith’s closing stock price on Friday.


Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Adblock Detected

Please consider supporting us by disabling your ad blocker