Last $15.95 USD
Change Today +0.05 / 0.31%
Volume 460.6K
MEG On Other Exchanges
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Exchange
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

media general inc (MEG) Snapshot

Open
$15.89
Previous Close
$15.90
Day High
$16.02
Day Low
$15.52
52 Week High
01/10/14 - $23.97
52 Week Low
08/30/13 - $10.35
Market Cap
1.4B
Average Volume 10 Days
468.2K
EPS TTM
$-0.23
Shares Outstanding
88.1M
EX-Date
01/29/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDIA GENERAL INC (MEG)

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media general inc (MEG) Details

Media General, Inc. owns and operates broadcast television stations, and related Websites and mobile news applications in the United States. Its portfolio comprises 31 network-affiliated broadcast television stations, and their associated digital media and mobile platforms in 28 markets reaching approximately 16.5 million households. The company's network affiliations include 12 CBS stations, 9 NBC stations, 7 ABC stations, 1 FOX station, 1 CW station, and 1 MyNetworkTV station. Media General, Inc. was founded in 1850 and is headquartered in Richmond, Virginia.

2,600 Employees
Last Reported Date: 03/7/14
Founded in 1850

media general inc (MEG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $625.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $414.0K
Senior Vice President of Broadcast Markets
Total Annual Compensation: $78.8K
Vice President of Broadcast Markets
Total Annual Compensation: $487.6K
Vice President of Broadcast Markets
Total Annual Compensation: $473.5K
Compensation as of Fiscal Year 2013.

media general inc (MEG) Key Developments

Media General And LIN Media Considers A Divestiture Plan

Media General, Inc. (NYSE:MEG) declared that it would be buying local WTTA, Channel 38, from Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) as part of a bigger contract for to meeting the required divestitures as it merges with LIN Media LLC (NYSE:LIN). For stations, the firm would engage in deals with multiple buyers in five markets that regulators will need it to divest, comprising Birmingham, Alabama; Providence, Rhode Island/New Bedford, Massachusetts; Mobile, Alabama/Pensacola; Green Bay/Appleton, Wisconsin; and Savannah, Georgia; the companies announced in a news release. George L. Mahoney, President and Chief Executive Officer of Media General, said in a statement, “We're pleased to announce this divestiture plan, which we believe should clear the way for our business combination with LIN Media to move forward in the regulatory approval process.” LIN Media Chief Executive Officer, Vincent L. Sadusky, called the divestiture plan an important milestone that positions us well with regulatory authorities.

LIN Media LLC, Media General, Inc. - M&A Call

To discuss amendment to the merger agreement

Media General, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Media General, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Per GAAP, in the second quarter of 2014, net income attributable to Media General was $6.8 million, or 8 cents per diluted share. Net income attributable to Media General in the second quarter of 2013 was $3.7 million, or 6 cents per diluted share. Also per GAAP, net operating revenue in the second quarter of 2014 was $154.1 million compared to $55.8 million in the prior year. Operating income in the second quarter of 2014 was $22 million compared to $8.2 million in the prior year. Income before income taxes was $12.4 million against $6.1 million reported last year. Non-GAAP net operating revenue increased 11.8% to $154.1 million compared to $137.8 million in the second quarter of 2013. Non-GAAP operating income of $22 million compared to $13.1 million in the second quarter of 2013. Broadcast cash flow increased 20% to $56.3 million compared to $46.9 million in the second quarter of 2013, primarily a reflection of higher net operating revenue. EBITDA as adjusted increased 39% to $48.9 million compared to $35.3 million in the second quarter of 2013, primarily a reflection of higher net operating revenue and lower corporate expense. Capital expenditures were $5.9 million against $2.9 million reported last year. For the six months, the company reported net loss attributable to Media General of $12.2 million or $0.14 per diluted share on net operating revenue of $298.0 million compared to net loss attributable to Media General of $6.8 million or $0.11 per diluted share on net operating revenue of $105.8 million reported in the same period last year. Operating income was $41.3 million against $15.2 million reported last year. Income before income taxes was $21.5 million against $10.9 million reported last year. Broadcast cash flow was $102.1 million against $33.3 million reported last year. EBITDA as adjusted was $88.2 million against $28.7 million reported last year. Capital expenditures were $8.4 million against $5.9 million reported last year.

 

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MEG Competitors

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Company Last Change
Entercom Communications Corp $9.12 USD -0.16
Gray Television Inc $9.89 USD -0.17
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Nexstar Broadcasting Group Inc $45.66 USD -0.84
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Industry Analysis

MEG

Industry Average

Valuation MEG Industry Range
Price/Earnings 100.0x
Price/Sales 3.0x
Price/Book 1.9x
Price/Cash Flow 18.3x
TEV/Sales 1.2x
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