Meredith thinking cash might sweeten merger deal – NY Post
The New York Post is reporting that Meredith Corp. is considering kicking in some cash to sweeten a $2.4 billion merger with Media General Inc. that is in jeopardy because of a rival offer to purchase Media General. Citing unnamed sources, the Post said Meredith is considering offering more cash to win the support of Media General’s board and would offer a revised deal in the next few weeks. The original offer had Media General buying Meredith for $2.4 billion in cash and stock. Then Nexstar Broadcasting Group Inc. offered $1.9 billion for Media General.
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