Meredith Corporation and Media General merging into $3 billion multimedia giant

U.S. magazine media giant Meredith Corporation (Better Homes & Gardens et al) has announced a $2.4 billion agreement to merge with television and digital media company Media General to create a new company to be known as Meredith Media General, according to a story on MediaPost.

The new consolidated company is projected to have annual revenues of $3 billion and will rank as one of the largest