Meredith Sells Local TV Stations to Gray Television for $2.7 Billion

The company's national media division includes its publishing unit, which produces magazine titles like, among many others. Its local TV business includes 18 TV stations across 13 states, including the CBS affiliates in Atlanta, St. Louis and Phoenix and Fox affiliates in Las Vegas and Portland, Oregon.

The proposed deal will allow Meredith to focus exclusively on its National Media Group, or its magazine division, after the transaction closes. The company said the divestiture will pay down debt held by Meredith as it"sharpens strategic focus on growth opportunities." Meredith Corp. also plans to be spun-off as a standalone publicly traded company, to operate under digital and magazine divisions.

Congratulations

Polo g sells local tv stations better

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beta Film Pre-Sells Period TV Drama ‘Sisi’ To France & Austria, First Look At ProductionEXCLUSIVE: Beta Film has closed pre-sales with two leading European broadcasters, France’s TF1 and Austria’s ORF, on RTL Group’s series about iconic Austrian Empress Sisi. Shooting of the six-hour …
Source: DEADLINE - 🏆 109. / 63 Read more »