Last $15.04 USD
Change Today -0.16 / -1.05%
Volume 203.0K
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As of 12:37 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

media general inc (MEG) Snapshot

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01/10/14 - $23.97
52 Week Low
09/19/13 - $12.40
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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

CBS Corporation and Media General Sign Deal to Renew All Affiliation Agreements

CBS Corporation and Media General, Inc. announced a comprehensive deal that renews all of Media General's existing station affiliation agreements. These agreements strengthen its important partnership with CBS and enable its to continue providing its viewers with high-quality network programming. The agreement includes renewals for the following Media General affiliates: WRBL in Columbus, Ga.; WBTW in Florence, S.C.; WNCT in Greenville, N.C.; WHLT in Hattiesburg, Miss.; WJTV in Jackson, Miss.; WJHL-TV in Johnson City, Tenn.; KLFY in Lafayette, La.; WLNS-TV in Lansing, Mich.; WKRG-TV in Mobile, Ala.; KELO in Sioux Falls, S.D. (including its satellites KDLO in Florence, S.D. and KPLO in Reliance, S.D.); KCLO in Rapid City, S.D.; and WSPA-TV in Spartanburg, S.C.

Media General Renews ABC Affiliation Agreement for WJBF-TV

Media General, Inc. announced that it has agreed to a long-term renewal of its ABC network affiliation agreement for its television station WJBF-TV in Augusta, GA.

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.


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