Media General Board Said Near Endorsing Nexstar's Prospects

  • Nexstar and Media General said to begin negotiations Monday
  • Decision means that Nexstar could make a superior offer

Media General Inc.’s board is leaning toward deciding that Nexstar Broadcasting Inc.’s acquisition offer is reasonably likely to be better for shareholders than its existing agreement to buy Meredith Corp., people with knowledge of the matter said, putting the Meredith deal in jeopardy.

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