Media General

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Not to be confused with MediaNews Group or Raycom Media.
Media General, Inc.
Type Public
Traded as NYSEMEG
Industry Broadcast and Digital
Predecessor(s) Park Communications
Spartan Communications
Young Broadcasting
Founded 1940
Headquarters 333 E. Franklin Street
Richmond, Virginia, 23219 USA
Key people J. Stewart Bryan III (Chairman)
George L. Mahoney
(President and CEO)
Products Television
Radio
Website www.mediageneral.com

Media General, Inc. is a media company based in the Southeastern United States. The company was formed in 1940 when Richmond, Virginia's two newspapers, the Times-Dispatch and News Leader, merged to form Richmond Newspapers. In 1969, as the company's media properties grew and diversified, it was renamed Media General. Media General is headquartered in Richmond and the San Francisco Bay Area is its largest market.

Acquisitions[edit]

In 1982 the company acquired The William B. Tanner Company (previously known as Pepper-Tanner), a commercial radio jingle production company headquartered in Memphis. It was divested in 1988.

In 1996, Media General acquired Park Acquisitions, the holding company for Park Communications, formerly owned by the media entrepreneur Roy H. Park.[1]

In 1999, Media General bought Spartanburg-based Spartan Communications, which increased Media General's station portfolio from 14 to 27.[2]

On June 6, 2013, it was announced that Young Broadcasting and Media General will merge. Due to the way the merger is structured, Young Broadcasting's shareholders will control a majority of Media General's stock; however, the combined company will take the "Media General" name (with headquarters remaining in Richmond) and will own 30 stations, reaching 14% of the United States.[3] On November 8, FCC approved the merger.[4]

On March 21, 2014, Media General and LIN Media announced that the two companies would merge. The deal, worth an estimated $1.6 billion, would create an entity of 71 stations with a combined reach of 24% of U.S. television households. Post-merger, 45 Media General staff members will be laid off, including CEO George Mahoney, who will step down in favor of his LIN counterpart Vincent Sadusky and his own management team.[5] In order to comply with FCC ownership rules as well as planned changes to rules regarding same-market television stations which would prohibit future joint sales agreements, some of the stations will be sold to several other companies in five markets (Birmingham, Green Bay, Mobile, Providence and Savannah) where both groups already own stations.[6][7][8]

On August 20, 2014; Media General announced several sales. Media General will sell WJAR, WLUK, and WCWF to the Sinclair Broadcast Group in exchange for Sinclair's KXRM, KXTU, and WTTA. Hearst Television will acquire WVTM and WJCL, and Meredith Corporation will acquire WALA.[9]

Major assets[edit]

Current Media General stations[edit]

Stations are arranged in alphabetical order by state and city of license.

Notes:

  • (¤¤) – Indicates a station owned by Park Communications prior to its acquisition by Media General in 1997.
  • (##) – Indicates a station owned by Spartan Radiocasting prior to its acquisition by Media General in 2000.
  • (++) – Indicates a station acquired by Media General from NBC Universal in 2006.
  • (Y) – Indicates a station owned by Young Broadcasting prior to its merger with Media General in 2013.
City of license / Market Station Channel
TV (RF)
Owned Since Network Affiliation
Birmingham - Anniston - Tuscaloosa WVTM-TV ++ 13 (13) 2006 NBC
Mobile - Pensacola WKRG-TV ## 5 (27) 2000 CBS
San Francisco KRON-TV Y 4 (38) 2013 MyNetworkTV
Tampa - St. Petersburg WFLA-TV 8 (7) 1966 NBC
Augusta WJBF ## 6 (42) 2000 ABC
WAGT 26 (30) 1 NBC
The CW (DT2)
Columbus, GA WRBL ## 3 (15) 2000 CBS
Savannah - Hilton Head WSAV-TV 3 (39) 1997 NBC
MyNetworkTV (DT2)
Davenport - Moline KWQC-TV Y 6 (36) 2013 NBC
Lafayette, Louisiana KLFY-TV Y 10 (10) 2013 CBS
Lansing WLNS-TV Y 6 (36) 2013 CBS
WLAJ 2 53 (51) 2013 ABC
The CW (DT2)
Jackson, Mississippi WJTV 12 (12) 2000 CBS
The CW (DT2)
Hattiesburg - Laurel WHLT
(Semi-satellite of WJTV)
22 (22) 2000 CBS
Albany - Schenectady - Troy WTEN Y 10 (26) 2013 ABC
WXXA-TV 2 23 (7) 2013 Fox
Adams, Massachusetts WCDC-TV Y
(Satellite of WTEN)
19 (36) 2013 ABC
Greenville - New Bern - Washington WNCT-TV ¤¤ 9 (10) 1997 CBS
The CW (DT2)
Raleigh - Durham - Fayetteville WNCN ++ 17 (17) 2006 NBC
Columbus, OH WCMH-TV ++ 4 (14) 2006 NBC
Harrisburg - Lancaster - Lebanon - York WHTM-TV 27 (10) 2014 ABC
Providence - New Bedford WJAR ++ 10 (51) 2006 NBC
Charleston, SC WCBD-TV 2 (50) 1983 NBC
The CW (DT2)
Florence - Myrtle Beach WBTW ## 13 (13) 2000 CBS
MyNetworkTV (DT2)
Greenville - Spartanburg - Asheville - Anderson WSPA-TV ## 7 (7) 2000 CBS
WYCW 62 (45) 2001 The CW
Sioux Falls, SD KELO-TV Y 11 (11) 2013 CBS
MyNetworkTV (DT2)
Frorence - Aberdeen, SD KDLO-TV Y
(Satellite of KELO)
3 (3) 2013 CBS
MyNetworkTV (DT2)
Reliance - Pierre, SD KPLO-TV Y
(Satellite of KELO)
6 (13) 2013 CBS
MyNetworkTV (DT2)
Rapid City, SD KCLO-TV Y
(Satellite of KELO)
16 (15) 2013 CBS
Knoxville WATE-TV Y 6 (26) 2013 ABC
Nashville WKRN-TV Y 2 (27) 2013 ABC
Tri-Cities (TN / VA) WJHL-TV ¤¤ 11 (11) 1997 CBS
Richmond - Petersburg WRIC-TV Y 8 (22) 2013 ABC
Roanoke - Lynchburg WSLS-TV ¤¤ 10 (30) 1997 NBC
Green Bay - Appleton WBAY-TV Y 2 (23) 2013 ABC

Other Notes:

Former Media General stations[edit]

City of license / Market Station Channel
TV (RF)
Years Owned Current Ownership Status
Birmingham, Alabama WIAT ¤¤ 42 (30) 1997-2006 CBS affiliate owned by LIN Media
(Resale pending to Media General)
Montgomery, Alabama WNCF ¤¤ 32 (31) 1997-1999 ABC affiliate owned by SagamoreHill Broadcasting
(Operated through a LMA by Bahakel Communications)
Jacksonville, Florida WJKS/WJWB/WCWJ 17 (34) 1982-2009 The CW affiliate owned by Nexstar Broadcasting Group
Panama City, Florida WMBB ## 13 (13) 2000-2008 ABC affiliate owned by Nexstar Broadcasting Group
Toccoa, Georgia WNEG-TV ## 32 (24) 2000-2008 Non-commercial Independent station, WUGA-TV, owned by University of Georgia[10]
Mason City, Iowa/Rochester, Minnesota KIMT ## 3 (42) 2000-2006 CBS affiliate owned by LIN Media
(Resale pending to Media General)
Wichita, Kansas KWCH-TV ## 12 (19) 2000-2006 CBS affiliate owned by Schurz Communications
Ensign/Dodge City, Kansas KBSD-TV ##
(Satellite of KWCH)
6 (6) 2000-2006 CBS affiliate owned by Schurz Communications
Goodland, Kansas KBSL-TV ##
(Satellite of KWCH)
10 (10) 2000-2006 CBS affiliate owned by Schurz Communications
Hays, Kansas KBSH-TV ##
(Satellite of KWCH)
7 (7) 2000-2006 CBS affiliate owned by Schurz Communications
Lexington, Kentucky WTVQ-TV ¤¤ 36 (40) 1997-2008 ABC affiliate owned by Morris Multimedia[11]
Alexandria, Louisiana KALB-TV ¤¤ 5 (35) 1997-2008 NBC affiliate owned by Gray Television
Utica, New York WUTR ¤¤ 20 (30) 1997 ABC affiliate owned by Mission Broadcasting
(Operated through a LMA by Nexstar Broadcasting Group)
Chattanooga, Tennessee WDEF-TV ¤¤ 12 (12) 1997-2006 CBS affiliate owned by Morris Multimedia

Other assets[edit]

  • Blockdot
  • Boxerjam Media
  • Atlee Park

Former assets[edit]

On May 17, 2012, it was announced that investment company Berkshire Hathaway will be acquiring Media General's newspaper division (excluding The Tampa Tribune); these newspapers will be merged into Berkshire Hathaway's World Media Enterprises division, a sister company of its other newspaper holdings under the Omaha World-Herald.[12] The deal closed June 25, 2012.[13] Media General's chairman and former CEO, J. Stewart Bryan III said the company faced a choice: either sell its newspaper division or file for bankruptcy protection. The latter, he said, was "unacceptable." [14] At the end of 2011, Media General had $658 million in debt.[15] In October 2012, The Tampa Tribune and its associated print and digital products were acquired by Tampa Media Group, Inc., a new company formed by Revolution Capital Group.[16]

Major newspapers[edit]

Community newspapers[edit]

Alabama[edit]

Florida[edit]

North Carolina[edit]

South Carolina[edit]

  • The Morning News (Florence) Daily Newspaper for Florence and the Pee Dee Region
  • The News and Post (Lake City)  – Weekly
  • The Marion Star (Marion) – Weekly
  • The Weekly Observer (Hemingway) – Weekly
  • The Hartsville Messenger  – Weekly

Virginia[edit]

References[edit]

  1. ^ Callan, Kathleen (22 July 1996). "Media General Buys Park Acquisitions For $710 Million". Associated Press. Retrieved 27 March 2014. 
  2. ^ Schneider, Michael (8 December 1999). "Media Gen’l buys Spartan for $605 mil". Retrieved 27 March 2014. 
  3. ^ Media General, Young Broadcasting To Merge, TVNewsCheck, June 6, 2013.
  4. ^ [1][dead link]
  5. ^ "Setting The New Order At New Media General". TVNewsCheck. 9 July 2014. Retrieved 4 August 2014. 
  6. ^ TV Station Mega Merger: Media General, LIN Set $1.6 Billion Deal from Variety (March 21, 2014)
  7. ^ Media General acquiring LIN Media for $1.6 billion, Los Angeles Times, March 21, 2014.
  8. ^ Media Gen/LIN To Sell/Swap In Five Markets, TVNewsCheck, March 21, 2014.
  9. ^ http://www.tvnewscheck.com/article/78615/media-general-lin-sell-stations-in-5-markets
  10. ^ "Media General Announces Sale of WNEG in Toccoa, Ga., to University of Georgia Research Foundation" (Press release). Media General. 2008-06-25. Retrieved 2008-06-25. 
  11. ^ "Media General Announces Sale of WTVQ-TV in Lexington, Ky., to Morris Network, Inc." (Press release). Media General. 2008-03-07. Retrieved 2008-03-07. 
  12. ^ Deadline: "Media General Shares Soar After Warren Buffett Agrees To Buy Its Newspapers", May 17, 2012.
  13. ^ facebook. "New owner, era for The Times-Dispatch - Richmond Times-Dispatch: Business & Economic News". .timesdispatch.com. Retrieved 2014-03-24. 
  14. ^ facebook (2012-05-18). "Media General chairman: 'A very bittersweet day' - Richmond Times-Dispatch: Business & Economic News". .timesdispatch.com. Retrieved 2014-03-24. 
  15. ^ facebook (2012-03-21). "Media General gets 'some breathing room' with credit agreement amendment - Richmond Times-Dispatch: Business & Economic News". .timesdispatch.com. Retrieved 2014-03-24. 
  16. ^ ABC News: "The Tampa Tribune Sold to Private Equity Firm", October 8, 2012.

External links[edit]