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Stock Market & Financial Investment News

News Breaks
August 20, 2014
11:16 EDTMEG, MDPMeredith buys broadcast assets of WALA-TV from Media General
Meredith Corporation (MDP) announced a definitive agreement to purchase the broadcast assets of WALA-TV, the Fox affiliate in Mobile, Pensacola from Media General (MEG) for approximately $86M, subjectto certain purchase price adjustments. The transaction will close when Media General's merger with LIN Media LLC and the sale of WALA to Meredith receive final regulatory approval. The acquisition of WALA is not expected to have a material effect on Meredith's 1H15 financial performance. Meredith continues to expect 1Q15 EPS to range from 60c-65c, compared to 53c in the prior-year period.
News For MDP;MEG From The Last 14 Days
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January 20, 2015
10:17 EDTMDPMeredith's Allrecipes Magazine increases rate base to 1.1M
Meredith Corporation announced the rate base of Allrecipes magazine has been increased to 1.1 million, beginning with the February/March 2015 issue on newsstands now. This marks the brand's third rate base increase and a 120% growth since the magazine launched with a rate base of 500,000 in November 2013.

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