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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Media General, Inc. of an Investigation Concerning the Fairness of the Sale of the Company to Nexstar Broadcasting Group, Inc. - MEG

NXST

NEW YORK, NY / ACCESSWIRE / January 27, 2016 / 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

SOURCE: Levi & Korsinsky, LLP