Media General Comments on Nexstar Statement
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Media General (MEG) Board Open to Discussions of Improved Proposal with Nexstar (NXST)
December 9, 2015 4:18 PM UTCMedia General, Inc. (NYSE: MEG) commented on Nexstar Broadcasting Groups (Nexstar)(NASDAQ: NXST) statement:
"Media Generals Board of Directors is focused on maximizing shareholder value, and we have been negotiating in good faith with Nexstar over the past several weeks, with the goal of reaching an agreement that adequately reflects the inherent value in Media General, as well as the synergies that would result from such a combination. Our Board remains open to discussing and reviewing an improved proposal from Nexstar that would appropriately value the... More
