Meredith to explore sale of its U.S. broadcast stations, sources say
BPC Staff May 2, 2019 | 4:01 pm
<1 min read time
75 wordsAll Latest News, Arts and Culture, Statewide NewsReuters: Meredith Corp. is preparing to explore a sale of its portfolio of local U.S. broadcast stations as it looks to streamline its business, people familiar with the matter said. Meredith is discussing its plans with financial advisers and has already received interest in its stations from private equity firm Apollo Global Management LLC, the sources said. A deal could potentially value Des Moines-based Meredith’s 17 stations at more than $2 billion, the sources said.
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