Gray Television Inc. (GTN-A,GTN) is in advanced discussions to acquire Meredith Corp.'s (MDP) broadcast stations for more than $2.5 billion, Bloomberg reported citing people familiar with the matter.
A deal could be announced as soon as this week. However, Talks could still fall apart, the report said.
Meredith is working with a financial adviser on the potential divestment of its 17 local stations, Bloomberg previously reported.
The report noted that the sale would allow Meredith to focus on its magazine division. It would also help the media conglomerate boost its digital strategy.
Meredith's stations include affiliates of Fox and CBS in markets such as Atlanta, Las Vegas and Portland, Oregon.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.