Media General, Nexstar higher amid report that Meredith deal's dead

• Media General (NYSE:MEG) is up 4.2%, and its (currently) hostile suitor Nexstar Broadcasting (NASDAQ:NXST) is up 3.3%, as the New York Post has talked to sources who say Media General's $2.4B bid for Meredith (MDP +1.7%) is dead.
• It's clear there's not enough shareholder support for the Meredith deal, the sources say. Major shareholders as well as analysts have begun lining up against that deal in the face of Nexstar's bid for Media General, and the revelation that it approached Media General privately but was rebuffed.
• Meredith had a deal to merge with Time Inc. in 2013, though that deal was canceled.
• Previously: Oppenheimer joins opponents of Media General/Meredith deal (Oct. 06 2015)
• Previously: Media General hires more advisers to examine Nexstar hostile offer (Oct. 05 2015)
• Previously: Wells Fargo favoring Nexstar hostile offer for Media General (Oct. 01 2015)
• Previously: Major holder Starboard Value weighs in against Media General/Meredith (Sep. 29 2015)