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US: TV merger triangle unfolds

By  |  January 10, 2016
Des Moines-based Meredith announced Thursday it plans to offer more per share in the merger deal as Nexstar reports it has reached a deal with Media General.
Meredith said it is proposing a “merger of equals.”The merger was first announced in September and a short time later Nexstar announced it wanted to buy Media General.

Nexstar announced Thursday it had reached a deal to acquire Media General for $17.66 a share in cash and stock.   Nexstar said the deal could go through as soon as either Media General or Meredith end their merger plan or if Media General’s shareholders vote down the proposed merger.

Media General hasn’t gone so far as to endorse the new bid, but Media General’s board prefers it, according to The Wall Street Journal.

Full content: The Wall Street Journal

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