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
Nexstar Broadcasting Group offered to buy Media General for $1.9 billion, putting itself in the way of an anticipated merger between Media General and Meredith Corp., … 207 more words
Media General has set a $2.4 billion acquisition of Meredith Corp., creating a TV station colossus that will rank as the nation’s third-largest owner of network affiliates. 356 more words
Here’s the latest sign that TV station owners remain eager to consolidate ahead of the FCC’s planned airwave spectrum auction, a likely windfall from the 2016 political campaigns, but also growing pressures on the business as ad dollars move to digital platforms. 375 more words