Media General Rejects Nexstar's Bid But Open to Talks for Higher Price

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Media General, the TV station operator in Richmond, Va. that is a target of acquisition, is coming around to the idea of being part of a larger operation.

After issuing signs of hesitancy in recent weeks, Media General said Monday that it will begin negotiating with competitor Nexstar Broadcasting Group for a deal to be acquired if Nexstar is willing to raise its offering price.

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