Monday, July 28, 2014

Meredith Corp. Gets Midtown Office in $407.5m Gannett Divestiture


By: Paul Dionne | Vizzda 

Pursuant to an FCC-mandated asset sale in connection with its $2.2b acquisition of Belo Corporation, Gannett Corporation—parent company for The Arizona Republic, Tucson Citizen, KPNX-TV and KNAZ-TV—has sold the television stations KTVK-TV in Phoenix and KMOV-TV in St. Louis to Meredith Corp. The $2.2b acquisition was tendered as $1.5b in cash and assumption of $715m in existing debt. 

KTVK-TV is an independent station on Channel 6; a second Phoenix station—CBS-affiliate KASW-TV on Channel 5—was sold to SagamoreHill Broadcasting with a service agreement between SagamoreHill and Meredith. The divestiture by Gannett—necessary to comply with FCC regulations regarding concentration of media ownership—was valued at $407.5m.

As part of the sale, Meredith acquired the office complex that serves as the headquarters for both of the Phoenix stations for $9,878,335 or $110.58 per square foot in an all cash deal. The two 2-and-3-story buildings total 89,335 ft2 and are located at the northeast corner of 7th Avenue and Missouri Avenue. The buildings were built in 1974 and 1982 on a 4.67 acre site zoned C-2 and P-1. 

To Contact the Author:
Paul Dionne – pdionne@vizzda.com

11 comments:

  1. This comment has been removed by a blog administrator.

    ReplyDelete
  2. This comment has been removed by a blog administrator.

    ReplyDelete
  3. This comment has been removed by a blog administrator.

    ReplyDelete
  4. This comment has been removed by a blog administrator.

    ReplyDelete
  5. Find properties in midtown for investments, it is known as the printing presses of Fleet Street which is developed into fashionable residential area and its the centre for English law.

    Midtown Offices


    ReplyDelete
  6. INTERNATIONAL CONCEPT OF WORK FROM HOME
    Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.

    Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.

    There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.

    Baby-sitting
    This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.

    Nursery
    For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.

    Freelance
    Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on workfromhome.otr214428@gmail.com and we will send you information on how you can actually work as a marketing freelancer.


    Internet related work
    This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr214428@gmail.com and our team will get you started on some excellent work from home projects.


    Diet food
    Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.

    Thus think over this concept and go ahead.

    ReplyDelete
  7. Kings Cross is well known for being a major transportation hub. This area has been the terminus of the Eurostar rail service.

    Midtown Shops

    ReplyDelete
  8. great.thanks for sharing this post.Find properties in midtown for investments, it is known as the printing presses of Fleet Street which is developed into fashionable residential area and it’s the centre for English law.
    Property in Clerkenwell

    ReplyDelete
  9. The area is one of the main legal districts of the Capital, and the centre for English law, both historically and in the present day. As well as its strong links to the Law Courts, the area is known for the printing presses of Fleet Street.

    Midtown Offices

    ReplyDelete
  10. Farringdon station has deep historical roots for transport which is a significant factor for major invested in Institutions. You can buy property for Shops in Farringdon, Bars to rent in Farringdon.

    Shops in Shoreditch

    ReplyDelete
  11. Great blog..You have clearly explained about Meredith Corp. Gets Midtown Office in $407.5m Gannett Divestiture..Its very useful for me gather information..
    Property in farringdon

    ReplyDelete

Sponsered Ad