IRVING, Texas--(BUSINESS WIRE)--Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today a proposal to acquire Media General, Inc. (NYSE: MEG) for $10.50 per share in cash and a fixed ratio of 0.0898 Nexstar shares per Media General share. The proposal, currently valued at $14.50 per Media General share, was submitted today in a letter to the Media General Board. It represents a premium of 30% to Media General’s closing stock price on September 25. Perry Sook, Chairman, President and CEO
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