Meredith Corporation Sells Local TV Stations

Maybe it’s National Stick to Your Knitting Day: Meredith Corporation is selling its local TV stations for $2.7 billion, leaving it free to concentrate on its core publishing brands, which include People, Better Homes & Gardens, and Allrecipes.  Those may sound old-fashioned but Meredith already makes more from digital advertising than print advertising.  This might be a good time to sell: TV viewing time dropped 9% in the first quarter of this year and is expected to fall further.