Almost a Done Deal, Maybe

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Media General has announced it has completed negotiations with Nexstar and under the agreed terms Nexstar may soon acquire Media General.

Media General owns WTNH in New Haven and last year had entered a merger agreement with Meredith, owner of WFSB, that would have required the sale of one of the two Connecticut television properties.

The Media General/Nexstar deal holds no similar ownership conflicts.

The story is far from over however. Before the Media General/Nexstar deal can go forward, the Media General/Meredith agreement must be terminated. We are told insiders do not expect Meredith to roll over and play dead.

Developing…