Media General to Buy Magazine Publisher, TV Broadcaster Meredith

Media General Inc said it would buy diversified media company Meredith Corp for about $2.34 billion to create the third-largest local TV station owner in the United States.

 

The deal marks Media General’s return to the print business, after it sold most of its newspapers to Warren Buffett’s Berkshire Hathaway Inc for $142 million in 2012.

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