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Meredith sells WFSB and 16 other television stations for $2.7 billion


Meredith sells WFSB and 16 other television stations for $2.7 billion
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WFSB s headquarters in Rocky Hill, Connecticut on Feb. 23, 2017.John Burgeson / Connecticut PostShow MoreShow Less
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WFSB s headquarters in Rocky Hill, Connecticut on Feb. 23, 2017.John Burgeson / Connecticut PostShow MoreShow Less
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The corporate parent of WFSB is selling the Rocky Hill-based television station and 16 other broadcast outlets to Gray Television in a $2.7 billion deal, the companies said in a deal announced Monday.
Meredith Corp. is structured so the company is essentially selling off its entire portfolio of television stations, but keeping its National Media Group operating division, which owns the nation’s largest portfolio of magazines as well as digital and marketing assets, according to company officials. ....

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