Wall Street Journal: A three-way merger standoff between Media General, Nexstar and Meredith has burst open, with Media General and Nexstar arriving at terms of a takeover but Meredith refusing to go quietly. Media General said it had negotiated a deal to be bought by Nexstar for about $2.3 billion, though that takeover would be contingent on the termination of its deal to merge with Meredith, which itself fired back with new terms for a merger.