Long gone...the days of locally owned broadcast stations...

Nexstar Broadcasting seeks to buy Media General for $1.9 billion.... Nexstar Broadcasting Group (NXST) said Monday it has offered about $1.9 billion to buy Media General (MEG), seeking to enlarge its local-TV business and thwart Media General's attempt to merge with competitor Meredith Corp. (MDP). Nexstar, based in Irving, Texas, is proposing to pay $10.50 per share in cash and 0.0898 Nexstar shares per Media General share. That would value Media General at $14.50 per share, or about 30% higher than the closing stock price on Friday. The total transaction value is $4.1 billion, including Media General’s debt.       USA Today         nexstar.tv
 Nexstar Broadcasting Group is an American telecommunications company that is owned by the shareholders and headquartered in Irving, Texas. The company's portfolio consists of 91 television stations across the U.S., most of whom are affiliates with the four "major" U.S. television networks located in small to medium-sized markets. It also operates all of the stations owned by an affiliated company, Mission Broadcasting, under local marketing agreements...WIKIPEDIA

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