NEW YORK, Jan. 28, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Media General, Inc.
stock prior to January 27,
2016.
You are hereby notified that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of
the sale of Media General, Inc. (NYSE: MEG) to Nexstar
Broadcasting Group, Inc. (NASDAQ: NXST) for $10.55 in cash and 0.1249 of a share of Nexstar
Class A common stock for each Media General share. The agreement
also includes a contingent value right entitling Media General
shareholders to net cash proceeds as received from the sale of
Media General's spectrum in the Federal Communication Commission's
upcoming Incentive Auction. To learn more about the investigation
and your rights, go to:
http://zlk.9nl.com/media-general-meg
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities lawsuits and have recovered hundreds of millions of
dollars for aggrieved shareholders. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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