Meredith Corporation has expressed interest in buying some of Tribune Media’s TV stations. Bloomberg reports that Meredith is specifically looking at the 19 stations Tribune added after it purchased Local TV three years ago.
This comes as good news to Tribune and its investors. The company recently announced it was exploring all of its financial options in an effort to boost its stock.
Though Meredith seems to be only interested in Tribune’s broadcast stations, Tribune does hold some bigger cards — namely a 31 percent stake in the Food Network.