Media General announced Monday that its board of directors is reviewing and considering the unsolicited proposal it received from Nexstar last week, and it has retained Goldman, Sachs & Co. and Weil, Gotshal & Manges LLP to help the board evaluate that proposal.
The pair of firms will work alongside RBC Capital Markets and Fried, Frank, Harris, Shriver & Jacobson LLP, who continue to advise Media General in financial and legal matters.
Back on Sept. 8, Media General announced it was merging with Meredith, a proposed transaction the Media General board of directors still recommends.
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