Stephen Lacy

CEO Stephen Lacy tells analysts that it intends to “continue to grow its television footprint” and would not be put off by a negative Supreme Court decision in the Aereo case.

Media company Meredith Corp. plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spin-off, the company’s CEO Stephen Lacy says: “We are putting together a hit-list of [TV] properties and working with owners.”

Meredith CEO Stephen Lacy: “It’s a frothy [M&A] market,” Lacy said during this morning’s conference call with investors. “We would like to add to stations but we want to make sure it adds to shareholder value.”