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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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February 8, 2016
13:03 EDTMEGMedia General signs long-term renewal agreement for Nielsen services
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February 2, 2016
08:04 EDTMDPMeredith increases dividend 8.2% to $1.98
The Meredith Board of Directors on Saturday increased its regular dividend 8.2% to $1.98 on an annualized basis, an increase of 15c per share. The next dividend will be 49.50c per share and is payable on March 15 to shareholders of record on February 29.
January 28, 2016
10:35 EDTMEGCox Communications: Nextar, Media General merger 'not in the public interest'
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07:25 EDTMDP, MEGMeredith likely to be range bound for a few quarters, says Wells Fargo
After Meredith (MDP) and Media General (MEG) terminated their merger, Wells Fargo expects Meredith's stock to be range bound for a few quarters, since it believes that no M&A deals in the broadcast sector will take place until the spectrum auction is over 6-9 months from now. Wells says that Meredith's magazines business continues to weaken its results, and it keeps a Market Perform rating on the shares.

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