Lacy said when Meredith lost out to Sinclair in its deal for Allbritton’s TV stations and to Tribune in its acquisition of Local TV it decided to take a different route. “We were always second,” Lacy told Reuters. “We are going to take a different approach and stay out of the auction hoopla.”
Lacy revealed Meredith’s strategy is more straight forward, “We are putting together a hit-list of (TV) properties and working with owners.”
Meredith’s target list includes TV stations in the top 25 markets in the United States that have the No. 1- or No. 2-rated local news broadcasts.