Gray Nears Deal to Buy Meredithâs TV Stations
May 03 2021, 2:34 PM
May 03 2021, 7:42 AM
May 03 2021, 2:34 PM
(Bloomberg) Gray Television Inc. is in advanced discussions to acquire Meredith Corp.âs broadcast stations for more than $2.5 billion, according to people familiar with the matter.
(Bloomberg) Gray Television Inc. is in advanced discussions to acquire Meredith Corp.âs broadcast stations for more than $2.5 billion, according to people familiar with the matter.
A deal could be announced as soon as this week, said the people, who asked not to be identified because the matter isnât public. Talks could still fall apart.
Meredith is working with a financial adviser on the potential divestment of its 17 local stations, Bloomberg News previously reported.
Emmy Award-winning production company Tupelo Honey celebrates the 25th anniversary of its founding this month. In March 1996, Cary Glotzer started the bout
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4 Mar, 2021 Author Mike ReynoldsStefen Joshua Rasay
2020 was rough in many respects, but it was a great year for political ad spending.
Five of the largest TV station owners were among the big beneficiaries of that spending, as TV remains the principal means by which candidates and parties disseminate their messages. The broadcasters said robust fourth-quarter 2020 spending capped a record year for political ad revenues. The bounty has executives already looking ahead to the category s prospects during what is expected to be a competitive 2022 mid-term cycle.
Nexstar Media Group Inc., the largest operator of TV stations through its 2019 purchase of Tribune Media Co., surpassed the half-billion mark in political ad revenue in 2020, headed by $298.3 million in the fourth quarter.
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