Media General, Meredith Corp. announce $2.4B merger

NASHVILLE, Tenn. (WKRN) – Media General and Meredith Corporation announced Tuesday the companies are merging in a $2.4 billion deal to “create a powerful new multiplatform and diversified media company.”

Meredith Media General will be present in 30 percent of U.S. TV households with 88 stations in 54 markets.

The new company’s digital platform will reach over 200 million monthly unique visitors.

It will maintain corporate and executive offices in Des Moines, Iowa and Richmond, Virginia. Meredith is based in Des Moines, while Medial General is based in Richmond, Virginia.

Meredith CEO Steve Lacy will serve as CEO and president of the combined company.

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