According to the New York Post, Nexstar is close to making a $2 billion deal to acquire Media General, owner of WTNH in New Haven.
The Post has been following the transaction more closely than most papers and appears to have good sources, based on recent events relating to this transaction.
For those of you just joining us…earlier this year Media General and Meredith(owner of WFSB – licensed to Hartford) announced a plan to merge. Then Nexstar stepped in with what it believed to be a better offer for Media General. The Media General/Meredith deal has been on hold ever since while Nexstar has been attempting to convince the Media General board they are offering the better deal for shareholders.
It’s believed that if the Media General/Meredith merger happened either WTNH or WFSB would have to be sold.
Developing…
