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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Dec. 19, 8:29 PM

Slide #2. Meredith Corporation WALA-TV

Acquirer: Meredith Corporation (NYSE:MDP)
Acquiree: WALA-TV
Details: Meredith Corporation (NYSE: MDP)(www.meredith.com), one of America's leading media and marketing companies, today announced it has completed the acquisition of WALA-TV, the FOX affiliate in the Mobile (AL)Pensacola (FL) market, from Media General, Inc. (NYSE: MEG) for $86 million.

Meredith is a media and marketing company serving American women. Co. operates two business segments: national media and local media. The national media segment includes magazine publishing, brand licensing, digital and customer relationship marketing, digital and mobile media, database-related activities, and other related operations. The local media segment consists of the operations of network-affiliated television stations, related digital and mobile media, and video creation operations. As of June 30, 2014, Co.'s local media segment consists of 14 owned television stations and one operated television station located across the U.S.

Open the MDP Page at The Online Investor »

Company Name:  Meredith Corp.
Website:  www.meredith.com
Sector:  Publishing & Printing
Number of ETFs Holding MDP:  49
Total Market Value Held by ETFs:  $299.82M
Total Market Capitalization:  $1.98B
% of Market Cap. Held by ETFs:  15.12%
 

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December 19, 2014    8:29 PM Eastern
Quotes delayed 20 minutes



Hold (2.50 out of 4)
19th percentile
(ranked lower than approx. 81% of all stocks covered)
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