Yesterday, FTVLive told you that Meredith Broadcasting was instituting layoffs from coast to coast at their stations.

It appears that all the Meredith stations were hit with layoffs and there were a lot.

Meredith is one of the more cash strapped media companies out there and these cuts are being done to make the company more attractive to buyers.

FTVLive told you that Meredith was also proposing to split the company in two, with publishing on one side and broadcasting on the other. Again, this move is also being done to make Meredith an easier sale.

A TV station ownership group doesn’t care about owning magazines and vice versa.

The company has seen its stock price which was over $70 in late 2017 fall to around $13 bucks and change this week.

Meredith was one of the first media companies to cut employees’ pay as the COVID pandemic was just getting started.

The company asked employees that were under contract to sign on to having they pay chopped in an effort to save the Meredith from having to layoff employees.

Needless to say, that didn’t work.

There is a reason that Meredith landed on this list.

Don’t be surprised if you see Apollo/Cox enter the picture soon in the Meredith saga.