Television broadcaster and magazine advertiser, Meredith Corporation (MDP, Financial) advanced sharply in late September onnews the company was in advanced discussions to sell its publishing segment to Barry Diller’s digital media company, IAC/InterActiveCorp. Subsequent to the end of the quarter, the acquisition was publicly announced, and the deal is incremental to MDP’s previously accepted acquisition bid from Gray Television for the other half of the company’s assets---17 local TV broadcast stations.
John Rogers Comments on Meredith Corp
Guru stock highlight
Also check out:
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The views of this author are solely their own opinion and are not endorsed or guaranteed by GuruFocus.com
Rating: 0 / 5 (0 votes)