Meredith Corp. had a pretty monumental fiscal Q3. Since reporting its fiscal Q2 results on Jan. 31, 2018, the Des Moines-based company known for its female-targeted media brands closed on its purchase of Time Inc.; announced that it is exploring the sale of its equity investment in Viant and the sale of such venerable publications as TIME, Sports Illustrated, Fortune and Money; and expects to achieve more than $500 million in annual cost savings in the first full two years of operations.
With all of this activity, what is the current state of health at Meredith’s Local Media Group, which includes 17 television stations? “Other revenues” are driving revenue growth.
What else could these be but “retransmission consent fees?”