Meredith to Acquire Every Day with Rachael Ray

(Press Release) DES MOINES, Iowa and NEW YORK, Oct. 12, 2011—Meredith Corporation announced today that it has reached agreement in principle with author and television personality Rachael Ray for Meredith to acquire Every Day with Rachael Ray magazine and its related digital media assets from the Reader’s Digest Association. The transaction is expected to close later this fall.