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Meredith Corporation Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meredith Corporation (“Meredith” or the “Company”) (NYSE: MDP), in connection with the proposed acquisition of the Company by IAC/InterActiveCorp (“IAC”) (NASDAQ: IAC).  Under the terms of the merger agreement, the Company’s shareholders will receive $42.18 per share in cash for each share of Meredith common stock that they hold.

WeissLaw LLP is investigating whether (i) Meredith’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $42.18 per-share offer price adequately compensates Meredith’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, a financial analyst set a $58.00 price target for the Company’s stock, $15.82 above the offer price.

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