Meredith Ready to Walk Away from Nexstar/Media General Deal

It appears that Meredith Corp. is this/close to walking away from its attempt to merge with Media General Inc.

Doing so will allow Nexstar to acquire MG after months of negotiation.

As a parting gift, Meredith will get a $60 million breakup fee just for saying bye.

The termination agreement could be announced sometime Today, as Meredith releases its quarterly results.