Faruqi & Faruqi Investigation: Media General

Faruqi & Faruqi, LLP Announces the Investigation of Media General (MEG) Over the Proposed Sale of the Company to Nexstar Broadcasting

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Media General (“Company”) (NYSE:MEG) for potential breaches of fiduciary duties in connection with the sale of the Company to Nexstar Broadcasting for approximately $4.1 billion in a cash and stock transaction.
The Company’s stockholders will only receive $10.50 in cash and 0.0898 Nexstar Broadcasting shares, or approximately $14.62, for each share of Company common stock they own.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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