Meredith Corporation sells for $2.7 billion

Company has presence in Birmingham, including Southern Living

Meredith Corporation, the publishing behemoth with a presence in Birmingham that includes Southern Living magazine, is being sold for $2.7 billion. The company, with headquarters in Des Moines, Iowa, will be sold to New York-based IAC/Interactive Corp.’s Dotdash digital publishing unit, according to a release from Meredith. The sale, which should close by the end…

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