Meredith President Patrick McCreery recently renegotiated his contract with the company and the new deal gives him a very gives him generous package if he is released from the company.

Under the old contract, McCreery was to get a year’s salary if he was released from the company.

The new agreement gets him 18 months of pay.

If this isn't a sign the company is about to sell, I don't know what is.

It appears that McCreery’s golden parachute just got a bit shinier.

Just saying….

Here’s the documents as to how his new deal has been amended: