Gray Television
Gray will basically acquire all outstanding shares of Meredith for approximately $14.50 per share in cash, or $2.7 billion in total as the second step in a two part transaction. First, Meredith’s National Media Group including its big magazine stable and digital assets, will be spun off to current Meredith shareholders. The transaction is expected to close in the fourth quarter.
Gray said the combined businesses will have net revenue exceeding $3.1 billion and serve 13 local markets reaching approximately 36% of U.S. television households.
Please sell KGNS and end this monopoly BS!
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