DES MOINES, Iowa, Nov. 16, 2015 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; www.meredith.com) today issued the following statements in response to a determination made by Media General (NYSE: MEG) to (1) Reject Nexstar Broadcasting Group's (Nasdaq: NXST) unsolicited proposal to acquire Media General; and (2) Engage in negotiations with Nexstar regarding its non-binding unsolicited proposal: "Meredith understands Media General Board's fiduciary responsibility to respond to the Nexstar proposal consistent with our binding merger agreement announced on September 8, 2015. However, Meredith still remains confident that the combination of Meredith and Media General will generate...
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