Posts Tagged ‘Meredith Corp’

Media General to buy Meredith…

What does this mean for Florida…Media General owns WKRG CBS 5 & WFNA CW, while Meredith owns WALA FOX 10. Read on below…

———————————————-

(Edited from TVNewsCheck.com) – Media General this morning announced that it is acquiring Meredith Corp. in a cash and stock valued at approximately $2.4 billion.

The transaction, is expected to close by June 30, 2016. Read the rest of this entry →

08

09 2015

WALA is officially sold….

(from TVSpy.com) – Meredith Corporation says it has completed its $86 million acquisition of Mobile, Ala. FOX affiliate WALA.

WALA was one of the ten stations involved in the station group scramble in August that saw five station groups swapping properties to comply with FCC ownership regulations. Meredith bought WALA from LIN Broadcasting which was still in the throes of merging with Media General….Cont….

22

12 2014

Media General, LIN, Hearst, Sinclair, Meredith bounce around stations…

(from TVNewsCheck.com) – Media General Inc. and LIN Media today agreed to sell or swap television stations in five markets to comply with FCC ownership rules affecting the merger they announced on March 21. Media General also announced today that in light of the loss of CBS affiliation of LIN’s WISH Indianapolis, it was lowering the per-share price of the deal from $27.82 to $25.97.

Regulatory authorities are requiring the divestiture of stations in the following markets: Birmingham, Ala.; Providence, R.I.-New Bedford, Mass.; Mobile, Ala.-Pensacola, Fla.; Green Bay-Appleton, Wis.; and Savannah, Ga. The companies said they believe that no other market divestitures will be required….Cont…

According to TVNewsCheck.com, in Florida the changes go as follows…

Media General will acquire WTTA-TV in the Tampa/St. Petersburg market. Of course Media General already owns WFLA-TV in that Tampa, it’s second largest. We here at Florida News Center predict that WTTA will move to WFLA’s downtown Tampa studios and once again share newscasts.

Meredith Corp will take WALA-TV away from LIN TV, in the Mobile-Pensacola market for a mere $86 million.

 

20

08 2014