Meredith Corporation Seeks Shareholder Approval Of Charter Amendment
Meredith Corporation announced that it will seek shareholder approval of an amendment to its charter that would increase options for a tax-efficient separation of the Company's National and Local media groups while preserving the rights currently held by both classes of shareholders if such a potential future event could maximize shareholder value. The proposed amendment is not in response to any specific conversations or events. Instead, the Company believes it is a prudent step to increase the number of options available. There is no timeline for nor assurance of a potential transaction resulting from this proposed charter amendment.