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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:16 EDTMDPMeredith downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Meredith after assuming coverage of the stock but raised its price target for shares to $43 from $38. Piper thinks Meredith shares are fully valued at current levels based on core fundamentals.
News For MDP From The Last 14 Days
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August 20, 2014
11:16 EDTMDPMeredith 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.

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