RICHMOND, Va.--(BUSINESS WIRE)--Media General, Inc. (NYSE: MEG; www.mediageneral.com) (“Media General” or the “Company”) today confirmed that it has received an unsolicited proposal from Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) to acquire all of the outstanding common stock of Media General for $14.50 per share in cash and stock, including $10.50 per share in cash and a fixed ratio of 0.0898 Nexstar shares per Media General share. Consistent with its fiduciary duties, the Media General B
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