(Source: Media General Inc) FOR IMMEDIATE RELEASE November 16, 2015 MEDIA GENERAL TO ENGAGE IN NEGOTIATIONS WITH NEXSTAR Richmond, VA - Media General, Inc. (NYSE: MEG; www.mediageneral.com) ('Media General' or the 'Company') today announced that its Board of Directors, after careful review and consideration, and in consultation with its independent legal counsel and financial advisors, has unanimously determined to engage in negotiations with Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) ('Nexstar') regarding the non-binding, unsolicited proposal from Nexstar to acquire all of the outstanding common stock of Media General in cash and stock (the 'Proposal'). This followed the Board reaching...
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