• Meredith to sell TV station division to Gray Television

    11 days ago - By Chron

    DES MOINES, Iowa - Magazine publisher and multimedia company Meredith Corp. said Monday it will sell its Local Media Group consisting of 17 television stations to Gray Television Inc. for $2.7 billion in cash and will focus on expanding its print and digital magazines business.
    The Des Moines, Iowa-based company publishes more than 20 magazines including People and Better Homes & Gardens in both print and digital versions.
    The company's magazine and digital division will become a stand-alone publicly traded company retaining the Meredith Corp. name and New York Stock Exchange trading...
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  • FOX 5 Las Vegas sold as part of $2.7B deal

    11 days ago - By Review Journal

    Meredith Corporation announced today that it will sell its Local Media Group, including KVVU-TV in Las Vegas, to Gray Television Inc.
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  • Gray TV acquires Meredith Corp.'s TV stations including Atlanta's CBS46 as part of $2.7B deal

    Gray TV acquires Meredith Corp.'s TV stations including Atlanta's CBS46 as part of $2.7B deal

    11 days ago - By Biz Journals

    Atlanta-based Gray Television is buying Meredith Corp.'s TV stations, including local stations CBS46 and its affiliate Peachtree TV.
    The $2.7 billion acquisition is Gray's entry into its hometown TV broadcast market. The media company owns and operates stations in small to medium-sized markets across the U.S., and in other parts of Georgia, but until now has not owned a station in metro Atlanta.
    Gray is expected to close on its acquisition of Des Moines, Iowa-based Meredith local...
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