 DES MOINES, Iowa, June 3, 2021 PRNewswire -- Meredith Corporation NYSE: MDP today announced that it has accepted a revised proposal from Gray Television, Inc. NYSE: GTN to acquire Merediths Local Media Group LMG for approximately 2.825 billion in cash the revised Gray proposal, and that the two companies have entered into an amendment to their previously announced definitive merger agreement reflecting the revised terms. Under the terms of the revised Gray proposal, Meredith Corporation shareholders would receive 16.99 per share in cash, revised from the previously announced 14.51 per share in cash, and 1-for-1 equity share in post-close Meredith. 