There’s a report that Nexstar is willing to go nuclear in its effort to acquire Media General.
A report originating with Wells Fargo Securities suggests that if the Media General board does not accept the Nexstar bid, Nexstar plans to go around the board with a direct appeal to shareholders.
This is all putting a strain on plans by Media General and Meredith to merge.
Media General owns News 8 in New Haven and Meredith owns WFSB. It is believed that if the MG/Meredith deal were approved one of the Connecticut stations would need to be sold.
