Meredith clears regulatory hurdles in pending sales to Gray Television, IAC/Interactive
BPC Staff Nov 16, 2021 | 8:46 pm
<1 min read time
103 wordsAll Latest News, Arts and Culture, Statewide NewsDes Moines Register: Meredith Corp. has taken key steps on the path to selling off its TV stations and making the rest of the corporation part of a New York-based media conglomerate. The company, headquartered in Des Moines since its founding in 1902, received clearance from the Federal Communications Commission on Friday for the $2.83 billion sale of its local broadcasting division to Gray Television. The same day, a waiting period required under an antitrust law expired for the separate deal under which digital media company IAC/Interactive Corp. will buy Meredith’s magazine division for $2.7 billion and combine it with IAC subsidiary DotDash.