Nexstar Broadcasting makes bid for Media General

Posted online September 28, 2015 | 11:42 am

Nexstar Broadcasting offered to buy local-television station owner Media General in a bold attempt to break up Media General's recent agreement to buy Meredith Corp.

The proposal values the Richmond, Va.-based company at $1.85 billion.

Earlier this month, Media General agreed to buy Meredith for $2.4 billion.

Read more from Dow Jones Newswires.

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