Meredith Shares Soar On IAC Takeover Talk


With Meredith Local Media poised to become a part of Gray Television by the end of the year, parent Meredith Corp. is apparently in serious conversations with the digital media company owned by Barry Diller to engineer a deal that would spin the majority of its lifestyle and female-friendly assets in a multi-billion deal.

Investors reacted by snapping up Meredith shares, leading to a sharp rise in value in Friday’s trading.

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