Why Meredith is Eager to Get Back in M&A Hunt

By on Jan, 28 2016 with Comments 0

MeredithMeredith Chairman and CEO Stephen Lacy isn’t sitting still after the termination of the merger agreement with Media General.

Indeed, Lacy told Wall Street analysts Wednesday the $60M in cash breakup fee “is in our bank account.”

There were several things Meredith was restricted from doing to help the company financially that it’s now free to do.

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About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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