NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Meredith Corporation (“Meredith” or the “Company”) (NYSE:MDP) for potential breaches of fiduciary duties in connection with the sale of the Company to Media General, Inc. for approximately $3.1 billion. The Company’s stockholders will only receive 1.5214 shares of a new holding company formed by Media General and $34.57 in cash for ea