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News Breaks
August 20, 2014
11:16 EDTMDP, MEGMeredith 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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July 30, 2015
08:05 EDTMDPMeredith sees Q1 EPS 47c-52c, consensus 61c
Sees Q1 revenue to be up low-single digits, consensus $392.77M. Sees Q1 Local Media Group revenue to be flat to up slightly. Sees Q1 National Media Group revenue to be up low- to mid-single digits.
08:05 EDTMDPMeredith sees FY16 EPS $2.90-$3.25, consensus $3.29
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08:04 EDTMDPMeredith reports Q4 EPS 94c, consensus 93c
Reports Q4 revenue $425.91M, consensus $425.48M.
July 21, 2015
10:01 EDTMDPOn The Fly: Analyst Initiation Summary
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06:17 EDTMDPMeredith initiated with a Hold at Jefferies
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