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Latest Media General Stories

2012-09-25 02:27:09

RICHMOND, Va., Sept. 25, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) announced today that Berkshire Hathaway Inc. (NYSE: BRK.A and BRK.B) has exercised its warrants to purchase 4,646,220 shares of the company's Class A common stock. The exercise price for these warrants was 1 cent per share. The warrants were issued as part of a new credit agreement that Media General and Berkshire Hathaway completed on May 24, 2012. Following Berkshire Hathaway's warrants exercise, Media General...

2012-09-20 06:27:55

RICHMOND, Va., Sept. 20, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) announced today that the Board of Directors has elected Wyndham Robertson as a new Class B director, effective immediately, returning to a position she held on Media General's board from 1996 to 2005. Miss Robertson served on the Audit Committee during her prior tenure on the Media General board. She was recommended for reelection to the board by Berkshire Hathaway. "Media General is delighted to welcome Wyndham...

2012-08-23 02:25:16

RICHMOND, Va., Aug. 23, 2012 /PRNewswire/ -- Media General, Inc. (NYSE:MEG) announced today that Marilyn L. Hammond has been named Vice President-Broadcast Sales and Marketing, and Andrew J. Lobred has been named Vice President-Digital Media, effective immediately. In her new role, Ms. Hammond will work collaboratively with Media General's 18 television stations to achieve the company's objectives for revenue and market share growth across all properties. Ms. Hammond will also oversee...

2012-08-14 10:24:02

JOHNSON CITY, Tenn., Aug. 14, 2012 /PRNewswire/ -- Media General, Inc. has named Allan D. (Dan) Cates vice president and general manager of WJHL-TV, Media General's CBS affiliate in Johnson City, Tenn., effective Sept. 3. "I am pleased to name such a talented broadcast professional to our Johnson City station," said Jim Conschafter, vice president, broadcast markets for Media General. "Dan is a proven leader and involved community advocate with exceptional journalistic instincts. I am...

2012-07-05 14:21:57

NEW YORK, July 5, 2012 /PRNewswire/ -- Berkery Noyes, an independent mid-market investment bank, today released its first half 2012 mergers and acquisitions trend report for the Media and Marketing Industry. The report analyzes merger and acquisition activity in the Media and Marketing Industry for the first half of 2012 and compares it with activity in the four previous six-month periods from 2010 to 2011. Total transaction volume increased six percent during the last six months, from 784...

2012-07-03 02:22:42

RICHMOND, Va., July 3, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) will announce its second-quarter 2012 results on Wednesday, July 18, before the market opens. The full text of the release and financials will be available on the company's website, www.mediageneral.com. The company will hold a conference call with financial analysts that day at 11 a.m. ET. The speakers will be Marshall N. Morton, president and chief executive officer, and James F. Woodward, vice president - finance...

2012-07-02 02:22:48

RICHMOND, Va., July 2, 2012 /PRNewswire/ -- Media General (NYSE: MEG) today announced that the company is streamlining its market structure and operations to align with its new focus as a pure-play television broadcaster. The changes are effective immediately. The company's current market structure of five geographic regions will be replaced by a new structure of two geographic regions, focused on its 18 network-affiliated television stations. James R. Conschafter and John R. Cottingham...

2012-06-29 10:22:00

RICHMOND, Va., June 29, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) commenced a cash tender offer to purchase up to $45,214,000 aggregate principal amount of its 11 3/4 % Senior Secured Notes due 2017 (the "Notes"). The tender offer will expire at 5:00 p.m., New York City time, on July 30, 2012, unless extended by Media General in its sole discretion. The terms and conditions of the tender offer are described in an Offer to Purchase, dated June 29, 2012, and a related Letter of...

2012-06-25 10:22:06

RICHMOND, Va., June 25, 2012 /PRNewswire/ -- Media General, Inc. (NYSE: MEG) today completed the previously announced sale of 63 daily and weekly newspapers to World Media Enterprises, Inc., a subsidiary of Berkshire Hathaway, Inc. (NYSE: BRK.A and BRK.B), for $142 million in cash, subject to adjustment for working capital and other items. After transaction fees and the repayment of funds drawn on the revolving credit facility, Media General will use the net proceeds from the newspaper sale...

2012-06-04 02:23:09

PORTLAND, Ore., June 4, 2012 /PRNewswire/ -- Rentrak Corporation (NASDAQ: RENT), the leader in multi-screen media measurement serving the advertising, television and entertainment industries, today announced the company has signed a StationView Essentials contract with Morris Network, Inc. across its five state station lineup. Morris Network's StationView Essentials contract covers the broadcaster's full station group that includes NBC-affiliate, WMGT-TV in Macon, GA; ABC-affiliate, WTVQ-TV...