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Stock Market & Financial Investment News

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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May 17, 2015
12:56 EDTMEGMedia General shares may rise 50% to the low $20s in two years, Barron's says
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May 14, 2015
10:50 EDTMDPMeredith to comment on strategic priorities at Jefferies TMT Conference
Strategic priorities include: Growing non-political advertising revenue in Local Media, increasing retransmission revenue and contribution, enhancing digital and mobile platforms. In National Media, priorities include evolving and strengthening advertising activities, aggressively expanding digital-related business, growing revenue from individual consumer. For Corporate, priorities include consolidating respective industries, increasing cash returned to shareholders. Comments from slides that will be presented at the Jefferies 2015 TMT Conference.

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