We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meredith Corporation (“Meredith” or the “Company”) (NYSE: MDP), in connection with the proposed acquisition of Meredith’s Local Media Group business by Gray Television, Inc. Under the terms of the merger agreement, Meredith will separate its Local Media Group and National Media Group business segments into a new company, NMG SpinCo. Meredith will distribute all outstanding shares of NMG SpinCo to Meredith shareholders. Each Meredith shareholder will also receive $16.99 in cash for each Meredith share they own .

WeissLaw LLP is investigating whether (i) Meredith’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Meredith’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.