Nexstar Broadcasting has won the fight to take over station group owner Media General, setting a $4.6 billion acquisition pact after months of public wrangling that derailed Media General’s plan to merge with Meredith Corp. 400 more words
Tags » Meredith Corp
Media General has given its response to Nexstar’s $1.9 billion cash and stock acquisition proposal and it’s: not yet.
The Media General board rejected the offer but agreed to negotiate after concluding that it could do so without violating its $2.4 billion cash-and-stock deal to buy Meredith. 240 more words