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
Predecessors Park Communications
Spartan Communications
Young Broadcasting
LIN Media
New Vision Television
Founded 1940
Headquarters Richmond, Virginia Providence, Rhode Island Austin, Texas
Key people J. Stewart Bryan III (Chairman)
Vincent L. Sadusky
(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.

History[edit]

Media General 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.

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]

four NBC-owned stations in smaller markets that were put up for sale on January 9, 2006 on April 6 NBC Universal and Media General announced that the latter would purchase the four NBC O&O's as part of a $600 million four-station deal between the two companies.

On August 2, 2006, Media General announced that it will sell WIAT and KIMT to New Vision Television for $35 million; the sale was finalized on October 12, 2006.

On October 29, 2007, Media General announced that the company was exploring the sale of WCWJ, KALB-TV, WMBB, WTVQ, and WNEG-TV. On March 14, 2008, the company reached an agreement to sell KALB and WMBB to Hoak Media. The deal was closed on July 16. On January 28, 2009, the Nexstar Broadcasting Group announced that it had reached an agreement to purchase WCWJ. The deal was finalized on May 1, 2009.

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 and LIN Media 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] On October 6, the two companies' shareholders approved the deal,[10] and the FCC approved the deal on December 12.[11] The merger was completed on December 19.[12] A condition of the deal requires Media General to end the local marketing agreement it has with stations in Youngstown, Ohio, Dayton, Ohio, and Topeka, Kansas, due to tighter scrutiny such deals are getting by the FCC. Media General received a two-year waiver in those markets to end the LMA's, with Sinclair Broadcast Group being mentioned as a possible buyer of the stations in Youngstown and Topeka. Sinclair can't purchase the station in Dayton due to already owning an existing station in the market and controlling another, and its future is uncertain.[13]

Major assets[edit]

Current Media General stations[edit]

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

Notes:

  • (**) – Indicates a station built and signed on by Media General.
  • (¤¤) – 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.
  • (§§) – Indicates a station owned by LIN Media prior to its merger with Media General in 2014.
City of license / Market Station Channel
TV (RF)
Owned Since Network Affiliation
Birmingham - Anniston - Tuscaloosa WIAT ¤¤ §§ 42 (30) 2014
(previously owned from 1997-2006)
CBS
Mobile - Pensacola WKRG-TV ## 5 (27) 2000 CBS
WFNA §§ 55 (25) 2014 The CW
San Francisco KRON-TV Y 4 (38) 2013 MyNetworkTV
Colorado Springs - Pueblo, CO KXRM-TV 21 (22) 2014 Fox
KXTU-LD 57 (20) 2014 The CW
New Haven - Hartford WTNH §§ 8 (10) 2014 ABC
WCTX §§ 59 (39) 2014 MyNetworkTV
Tampa - St. Petersburg WFLA-TV ** 8 (7) 1966 NBC
WTTA 38 (32) 2014 MyNetworkTV
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)
Honolulu, Hawaii KHON-TV §§ 2 (8) 2014 Fox
Hilo, Hawaii KHAW-TV §§
(Satellite of KHON)
11 (11) 2014 Fox
Wailuku, Hawaii KAII-TV §§
(Satellite of KHON)
7 (7) 2014 Fox
Fort Wayne, Indiana WANE-TV §§ 15 (31) 2014 CBS
Indianapolis - Marion, Indiana WISH-TV §§ 8 (9) 2014 CBS
(to be Independent on January 1, 2015)
WNDY-TV §§ 23 (32) 2014 MyNetworkTV
WIIH-CD §§
(Translator for WISH-TV)
17 (8) 2014 CBS
Lafayette, Indiana WLFI-TV §§ 18 (11) 2014 CBS
Terre Haute, Indiana WTHI-TV §§ 10 (10) 2014 CBS
Fox/MyNetworkTV (DT2)
Davenport - Moline KWQC-TV Y 6 (36) 2013 NBC
Mason City, Iowa - Rochester, Minnesota KIMT ## §§ 3 (42) 2014
(previously owned from 2000-2006)
CBS
MyNetworkTV (DT2)
Topeka, Kansas KSNT §§ 27 (27) 2014 NBC
KTMJ-CD §§ 43 (43) 2014 Fox
KTKA-TV 2 49 (49) 2014 ABC
The CW (DT3)
Wichita, Kansas KSNW §§ 3 (45) 2014 NBC
Great Bend, Kansas KSNC §§
(Satellite of KSNW)
2 (22) 2014 NBC
Garden City, Kansas KSNG §§
(Satellite of KSNW)
11 (11) 2014 NBC
McCook, Nebraska KSNK §§
(Satellite of KSNW)
8 (12) 2014 NBC
Salina, Kansas KSNL-LD §§
(Satellite of KSNW)
47 (47) 2014 NBC
Lafayette, Louisiana KLFY-TV Y 10 (10) 2013 CBS
Springfield, Massachusetts WWLP §§ 22 (11) 2014 NBC
WFXQ-CD §§
(Satellite of WWLP)
28 (28) 2014 NBC
Grand Rapids WOOD-TV §§ 8 (7) 2014 NBC
WXSP-CD §§ 15 (15) 2014 MyNetworkTV
Battle Creek, Michigan WOTV §§ 41 (20) 2014 ABC
Lansing WLNS-TV Y 6 (36) 2013 CBS
WLAJ 3 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
Albuquerque - Santa Fe KRQE §§ 13 (13) 2014 CBS
KASA-TV §§ 2 (27) 2014 Fox
KWBQ 4 29 (19) 2014 The CW
KASY-TV 4 50 (45) 2014 MyNetworkTV
Roswell, New Mexico KBIM-TV §§
(Satellite of KRQE)
10 (10) 2014 CBS
KRWB-TV 4
(Satellite of KWBQ)
21 (21) The CW
Durango, Colorado KREZ-TV §§
(Satellite of KRQE)
6 (15) 2014 CBS
Albany - Schenectady - Troy WTEN Y 10 (26) 2013 ABC
WXXA-TV 3 23 (7) 2013 Fox
Adams, Massachusetts WCDC-TV Y
(Satellite of WTEN)
19 (36) 2013 ABC
Buffalo WIVB-TV §§ 4 (39) 2014 CBS
WNLO §§ 23 (32) 2014 The CW
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
Dayton - Springfield, Ohio WDTN §§ 2 (50) 2014 NBC
WBDT 2 26 (26) 2014 The CW
Youngstown, Ohio WKBN-TV §§ 27 (41) 2014 CBS
WYFX-LD §§ 19 (19) 2014 Fox
WYTV 2 33 (36) 2014 ABC
MyNetworkTV (DT2)
Portland, OR KOIN §§ 6 (40) 2014 CBS
Harrisburg - Lancaster - Lebanon - York WHTM-TV 27 (10) 2014 ABC
Providence - New Bedford WPRI-TV §§ 12 (13) 2014 CBS
WNAC-TV 5 64 (12) 2014 Fox
MyNetworkTV (DT2)
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
Austin KXAN-TV §§ 36 (21) 2014 NBC
KNVA 2 54 (49) 2014 The CW
KBVO-CD §§
(Satellite of KBVO)
51 (51) 2014 MyNetworkTV
Llano, Texas KBVO §§ 14 (27) 2014 MyNetworkTV
Norfolk - Portsmouth - Virginia Beach WAVY-TV §§ 10 (31) 2014 NBC
WVBT §§ 43 (29) 2014 Fox
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:

  • 1 Owned by Schurz Communications, operated by WJBF through joint sales and shared services agreements (SSA).
  • 2 Owned by Vaughan Media, Media General operates the stations through a Shared Services Agreement.
  • 3 Owned by Shield Media, Media General operates the stations through an SSA.
  • 4 Owned by Tamer Media, LLC, Media General operates the stations through an SSA.
  • 5 Owned by Super Towers, Inc., Media General operates WNAC through a local marketing agreement.

Former Media General stations[edit]

City of license / Market Station Channel
TV (RF)
Years Owned Current Ownership Status
Birmingham, Alabama WVTM-TV ++ 13 (13) 2006-2014 NBC affiliate owned by Hearst Television
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[14]
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[15]
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)
Providence - New Bedford WJAR ++ 10 (51) 2006-2014 NBC affiliate owned by Sinclair Broadcast 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.[16] The deal closed June 25, 2012.[17] 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." [18] At the end of 2011, Media General had $658 million in debt.[19] 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.[20]

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. ^ http://www.mediabistro.com/tvspy/media-general-and-lin-merger-approved-by-shareholders_b130680
  11. ^ http://www.fcc.gov/document/media-bureau-approves-lin-media-and-media-general-transaction
  12. ^ Media General Completes Merger With LIN Media, Press Release, Media General, Retrieved 19 December 2014
  13. ^ FCC Okays Media General/LIN Merger Broadcasting & Cable (12/12/2014)
  14. ^ "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. 
  15. ^ "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. 
  16. ^ Deadline: "Media General Shares Soar After Warren Buffett Agrees To Buy Its Newspapers", May 17, 2012.
  17. ^ facebook. "New owner, era for The Times-Dispatch - Richmond Times-Dispatch: Business & Economic News". .timesdispatch.com. Retrieved 2014-03-24. 
  18. ^ facebook (2012-05-18). "Media General chairman: 'A very bittersweet day' - Richmond Times-Dispatch: Business & Economic News". .timesdispatch.com. Retrieved 2014-03-24. 
  19. ^ 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. 
  20. ^ ABC News: "The Tampa Tribune Sold to Private Equity Firm", October 8, 2012.

External links[edit]