Media General to Acquire Meredith


MediaGeneralMeredithTwo television ownership groups, Media General and Meredith Corporation, plan to combine to form a multi-platform and diversified media company.

When the deal closes, expected next June, Media General shareholders will own approximately 65% and Meredith shareholders will own approximately 35% of the fully-diluted shares of the new, combined company which will be called Meredith Media General.

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