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The Associated Press
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The headquarters of Meredith Corp. is shown, Monday in Des Moines. On Monday, the company said it will sell its Local Media Group consisting of 16 television stations to Gray Television Inc. for $2.7 billion in cash and focus on expanding its print and digital magazines business.
DES MOINES 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.
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Meredith to sell TV station division to Gray Television
by David Pitt, The Associated Press
Posted May 3, 2021 12:46 pm EDT
Last Updated May 3, 2021 at 12:58 pm EDT
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 ticker symbol MDP.
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Meredith selling TV stations for $2.7 billion
The headquarters of Meredith Corp. is shown, Monday, May 3, 2021, in Des Moines, Iowa. On Monday, the company said it will sell its Local Media Group consisting of 16 television stations to Gray Television Inc. for $2.7 billion in cash and focus on expand
Iowa-based company says it is expanding it print and digital magazine business.
Posted: May 3, 2021 3:15 PM
Posted By: Mike Bunge
DES MOINES, Iowa (AP) 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.
Phoenix
Arizona
United-states
Des-moines
Iowa
Kara-kelly
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Tom-harty
York-stock-exchange
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Sports-illustrated
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