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Latest Media General Stories

2009-06-22 09:27:00

RICHMOND, Va., June 22 /PRNewswire-FirstCall/ -- Media General, Inc. (NYSE: MEG) will announce its second-quarter 2009 results on Wednesday, July 22, before the market opens. The full text of the release and financials will be available on the company's Web site, www.mediageneral.com. The company will hold a conference call with financial analysts that day at 11 a.m. ET. The conference call will be available to the media and general public through a limited number of listen-only dial-in...

2009-05-01 09:38:00

RICHMOND, Va., May 1 /PRNewswire-FirstCall/ -- Media General, Inc. (NYSE: MEG) announced today that it has completed the sale of its CW television station WCWJ in Jacksonville, Fla., to Nexstar Broadcasting Group, Inc., Dallas. This station is the last to be sold in a group of five stations. The company completed the sales of the first four stations in 2008. They were located in Panama City, Fla., Alexandria, La., Lexington, Ky., and Toccoa, Ga. Gross proceeds from the sales of all five...

2009-04-23 14:00:00

RICHMOND, Va., April 23 /PRNewswire-FirstCall/ -- Media General's Board of Directors today elected Stephen Y. Dickinson Vice President and Chief Accounting Officer, and Timothy J. Mulvaney, Controller, effective July 1, 2009. Both promotions are part of Media General's transition to a market-focused organizational structure on July 1, 2009. As part of the new structure, all finance functions will be centralized under the leadership of Mr. Dickinson and Mr. Mulvaney. According to John A....

2009-04-02 17:52:52

The Richmond (Va.) Times-Dispatch Thursday announced it is laying off 59 employees, eliminating 31 open positions and delaying pay raises for non-union workers. In a story posted on its Web site, the newspaper said the job cuts affect 11 of its departments, including editorial, news, production, circulation, marketing, business and advertising. The newspaper said the jobs cut came in response to ad revenue losses -- including a loss of classified ad revenue -- and what it called a difficult...

2009-03-30 15:32:00

RICHMOND, Va., March 30 /PRNewswire-FirstCall/ -- Media General, Inc. (NYSE: MEG) will announce its first-quarter 2009 results on Friday, April 17, before the market opens. The full text of the release and financials will be available on the company's Web site, www.mediageneral.com. The company will hold a conference call with financial analysts that day at 11 a.m. ET. The conference call will be available to the media and general public through a limited number of listen-only dial-in...

2009-03-23 13:52:00

RICHMOND, Va., March 23 /PRNewswire-FirstCall/ -- Media General (NYSE: MEG) announced today that effective July 1, 2009, the company will alter its organizational structure, shifting from its current three division structure (Publishing, Broadcast and Interactive Media) to five geographic markets. All properties in a given market will report to a market leader regardless of platform. The company already manages its Florida market in this manner. "Media General's strength is derived from...

2009-03-13 11:00:00

RICHMOND, Va., March 13 /PRNewswire-FirstCall/ -- Media General (NYSE: MEG) announced today that its Media General News Service Bureau in Washington, D.C., and the associated Web site, mgwashington.com, will close on March 27. The bureau employs six journalists, all of whom have been offered severance packages. "We very much regret having to take this step," said Graham Woodlief, president of the Publishing Division. "However, as the economy continues to contract, and businesses and...

2009-03-13 07:45:00

RICHMOND, Va., March 13 /PRNewswire-FirstCall/ -- Media General (NYSE: MEG) today filed its Notice of 2009 Annual Meeting and Proxy Statement with the Securities and Exchange Commission (SEC). Scott D. Anthony, president of Innosight LLC, a consulting firm specializing in strategies for growth through innovation, has been nominated to stand for election to the Board of Directors at the Annual Meeting of Shareholders on April 23, 2009. Mr. Anthony is well known in the media industry. In...

2009-01-29 11:06:00

RICHMOND, Va., Jan. 29 /PRNewswire-FirstCall/ -- Media General (NYSE: MEG) announced today that due to the uncertain economic outlook, the Board of Directors determined it is prudent to suspend the dividend on the company's Class A and Class B shares. "While we regret having to take this action, this allows the company to direct additional cash flow to the reduction of our debt," said Marshall N. Morton, president and chief executive officer. About Media General Media General is a...

2009-01-28 11:30:00

RICHMOND, Va., Jan. 28 /PRNewswire-FirstCall/ -- Media General, Inc. (NYSE: MEG) announced today that it has signed a definitive agreement with Nexstar Broadcasting Group, Inc., under which Nexstar will purchase the assets of Media General's CW television station WCWJ in Jacksonville, Fla. The transaction is subject to regulatory approvals and is expected to be completed in the second quarter of 2009. Terms were not disclosed. Marshall N. Morton, president and chief executive officer of...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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