Media General Is Buying Meredith Corp. In An Approximately $2.4 Billion Cash-And-Stock Deal. The Combined Company, Called Meredith Media General, Will Have 88 Television Stations In 54 Markets And Media Brands Including Better Homes And Gardens, Parents And Shape. The Deal Is Targeted To Close By June 30, 2016. It Still Needs Approval From Meredith And Media General Shareholders And The Federal Communications Commission.