In September, Nexstar Broadcasting Group gleefully played party crasher when it tried to scuttle Media General's $2.4 billion merger with Meredith Corp.
Nexstar Broadcasting Group
Not so fast, Meredith Corp. Three weeks after magazine publisher and TV station owner Media General Inc. announced a $2.4 billion merger, Nexstar Broadcasting Group Inc. has swooped in with an unsolicited offer for Media General.
Broadcasters have launched a counterstrike against the Federal Communications Commission's proposal to restrict TV joint sales agreements by asking the agency to look into similar sales arrangements used by the largest pay TV providers.
Nexstar Broadcasting wasted no time in taking legal steps to stop Time Warner Cable from importing three of the TV group's stations to replace six of the Hearst TV stations the cable company was forced to black out when retransmission negotiations broke down.