• The Nexstar-Media General deal follows the termination of a competing merger proposal between Meredith Corp. and Media General.
• The deal also entitles Media General shareholders to any proceeds from the sale of Media General's spectrum during the FCC's incentive auction this spring.
• The new company will own WNLO-23 and WIVB-4 Buffalo, the only two stations in Buffalo that do not have any sub-channels, for now.
