Nexstar Broadcasting Group Inc. : Franchise Herald

Nexstar Broadcasting Group Inc.

Nexstar Broadcasting Group Inc.

Media General Rejects Nextstar's Bid, But Agrees to Engage in Negotiations

Media General, Inc. has announced in a press release that their board has unanimously rejected Nexstar Broadcasting Group, Inc.’s unsolicited proposal, as currently constructed, for Nexstar to acquire all the outstanding common stock of Media General. The company, though, agrees to engage in negotiations with Nexstar regarding the proposed merger.

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