Nexstar Nears $2 Billion Deal to Buy Media General

New York Post: Nexstar Broadcasting, the owner of 106 TV stations reaching 17 percent of US households, is said to be nearing a better-than-$2 billion deal to acquire rival Media General. “The gap has closed and they are getting closer.” For station owners, getting larger is important at a time when cable television industry giants are merging. Greater size gives the stations more leverage in negotiating retransmission fees.