Now that Meredith’s hopes of merging with Media General are officially over, the publisher is on the lookout for companies to acquire.
Meredith CEO Steve Lacy told the New York Post that he presented five companies to the board — two TV companies and three digital properties.
Meredith had previously attempted to merge with Media General, but Nexstar swooped in with a better offer.
However, losing out on that deal resulted in Meredith getting a $60 million termination fee from Nexstar. That money is about to come in handy.