Meredith Corp. is proposing an amendment to its corporate charter that would allow for the company to split its national media business and its local media business, though the company is emphasizing that no such split is imminent.
The company's national media division includes its publishing unit, which produces magazine titles like People, Entertainment Weekly, Better Homes & Gardens, Travel + Leisure, and Martha Stewart Living, among many others.
Its local TV business includes 18 TV stations across 13 states, including the CBS affiliates in Atlanta, St. Louis and Phoenix, and Fox affiliates in Las Vegas and Portland, Oregon.
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