Nexstar Broadcasting Proposes To Acquire Media General For $14.50 Per Share In Accretive Cash And Stock Transaction Valued At $4.1 Billion

Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today a proposal to acquire Media General, Inc. (NYSE: MEG) for $10.50 per share in cash and a fixed ratio of 0.0898 Nexstar shares per Media General share.

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