Hollywood Today Live
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| Public | |
| Traded as | NYSE: MEG |
| Industry | Broadcast and Digital |
| Fate | Merged by Nexstar |
| Predecessor |
Park Communications Spartan Communications Young Broadcasting LIN Media |
| Successor | Nexstar Media Group |
| Founded | 1940 |
| Headquarters |
Richmond, Virginia Providence, Rhode Island Austin, Texas |
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Key people
|
Warren Buffett (Financier) Mario Gabelli (Financier) J. Stewart Bryan III (Chairman) Vincent L. Sadusky (President and CEO) |
| Products |
Television Internet Newspaper |
| Revenue | $1.305 B USD (2015) |
| Website | www |
Media General was an American 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.
In 2013 and 2014, Media General expanded significantly through its mergers with Young Broadcasting and LIN Media. After the latter merger, former LIN Media CEO Vincent L. Sadusky served as Chief Executive Officer while former Young Broadcasting CEO Deborah A. McDermott led station operations as Chief Operating Officer. Long-time Media General Chief Financial Officer James F. Woodward remained as CFO until the company's dissolution in 2017.
On January 11, 2017, the FCC approved the sale of Media General to Nexstar Broadcasting Group for $4.6 billion.
The conglomeration of newspapers was founded in 1940 when owners of Richmond, Virginia's two newspapers, the Times-Dispatch and News Leader, merged them to form Richmond Newspapers, Inc. 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.
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Wikipedia