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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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December 19, 2014
08:39 EDTMEGMedia General, Lin Media complete merger
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December 18, 2014
09:27 EDTMDPMeredith initiated with a Neutral at Sidoti
December 15, 2014
10:00 EDTMEGOn The Fly: Analyst Initiation Summary
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06:33 EDTMEGMedia General initiated with a Buy at Evercore ISI
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December 12, 2014
17:48 EDTMEGMedia General, LIN Media receive FCC approval for merger
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