(Reuters) Activist investor Starboard Value LP disclosed 4.5 percent stake in regional TV broadcaster Media General Inc (MEG.N) and urged the company to sell itself to Nexstar Broadcasting Group Inc (NXST.O) and scrap its plan to buy Meredith Corp (MDP.N).Starboard also said on Tuesday it was prepared to nominate an alternative slate of directors to Media General’s board.The hedge fund succeeded last year in replacing all 12 directors at Darden Restaurants Inc (DRI.N), the owner of the Olive Garden chain.
Starboard Discloses Stake in Media General and Backs NexStar deal
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