Nexstar Said to Near Finalizing Media General Proposal

  • Offer would trigger at least 4-day window for Meredith counter
  • Nexstar tapping three banks for $4.5 billion in debt financing

Nexstar Broadcasting Group Inc. will finalize the details of a proposal to acquire Media General Inc. as soon as today, people with knowledge of the matter said, triggering a window for rival Meredith Corp. to say it intends to make a counteroffer.

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