Yes NST was never known to overpay for their acquisitions. But...

Yes NST was never known to overpay for their acquisitions. But in order to be successful with any potential bid, it is certainly an objective to have the Echo board agree to the proposal. So there is hope that the price might be a little bit higher (say around 40 cents ???) with Victor and the board supporting the deal.
Remember NST made a lowball offer for TBR in the past which was rejected and ended with EVN taking a stake in Tribune instead.