Media General Inc. (MEG) announced a definitive merger agreement with privately held New Young Broadcasting Holding Co. Thursday morning.
Media General gapped up and spiked higher at the open Thursday and has taken out the highs of the morning in the last 20 minutes. The stock is now up 2.05 at $9.35. Media General has rise to a 2 1/2 week high and is approaching the highs of the year, around $10.25 per share.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.