Last $14.30 USD
Change Today -0.11 / -0.76%
Volume 3.0M
MEG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

media general inc (MEG) Snapshot

Open
$14.30
Previous Close
$14.41
Day High
$14.41
Day Low
$13.67
52 Week High
07/16/14 - $23.75
52 Week Low
10/13/14 - $12.45
Market Cap
1.9B
Average Volume 10 Days
883.6K
EPS TTM
$0.45
Shares Outstanding
129.6M
EX-Date
01/29/09
P/E TM
31.5x
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 32 network-affiliated broadcast television stations, and their associated digital media and mobile platforms in 29 markets reaching approximately 17.2 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 Financial Officer and Senior Vice Presi...
Total Annual Compensation: $414.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $78.8K
Compensation as of Fiscal Year 2013.

media general inc (MEG) Key Developments

Media General Appoints John McCarus as Chief Strategy Officer for Digital Media Business

Media General, Inc. announced that John McCarus has been named Chief Strategy Officer for its digital media business. In this newly created position, Mr. McCarus will be responsible for developing and implementing a fully integrated strategy for one of the industry’s large and most comprehensive digital media businesses. He will work closely with business leaders from LIN Digital, LIN Mobile, Federated Media, HYFN and Dedicated Media to further the company’s innovation in content marketing, video across all screens and earned and paid media distribution. He will also launch strategic initiatives that further Media General’s position as a national leader in digital video, original content creation and media distribution. Mr. McCarus will report to Robb Richter, Media General’s Senior Vice President and Chief Digital Officer, and be based out of the company’s New York, NY office. Prior to joining Media General, Mr. McCarus was SVP, Social.Content at DigitasLBi.

Media General, Inc. Announces Executive Changes, Effective from January 1, 2015

Media General, Inc. announced that Steve Lavin has been named Vice President and General Manager of WBAY-TV, its ABC affiliate in Green Bay, WI, effective January 1, 2015. Mr. Lavin is currently Station Manager/General Sales Manager for WBAY, a position he has held since 2007. Mr. Lavin will succeed current Vice President and General Manager Don Carmichael, who will retire at the end of this year after 21 years of distinguished service in that role.

Media General, Inc. Enters into Amendment to Credit Agreement with Royal Bank of Canada

On November 7, 2014, Media General, Inc. entered into an amendment No. 3 to credit agreement, with Royal Bank of Canada (RBC), as administrative agent, and the other lenders and parties thereto. Pursuant to amendment No. 3, the company’s existing term B credit facility under its senior secured credit facility was amended, to be effective as of the closing date of the company’s proposed business combination with LIN Media LLC, to eliminate testing and operation of the credit facility’s quarterly maintenance consolidated Total Net Leverage Ratio financial covenant, as such covenant is applicable to the term B credit facility, and modify the annual excess cash flow mandatory prepayment provisions to require that a minimum annual $50 million excess cash flow payment is made in fiscal years 2017, 2018 and 2019, provided that each of such minimum amounts will be reduced by the sum of other voluntary and/or mandatory prepayments made in respect of the term B credit facility and permanent reductions of the revolving credit facility in or prior to such periods. These amendments were made to align the applicable provisions with the comparable provisions in the company’s pending incremental term B-2 credit facility, which is expected to be entered into concurrently with the LIN Merger.

 

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MEG:US $14.30 USD -0.11

MEG Competitors

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Company Last Change
Entercom Communications Corp $11.57 USD -0.14
Gray Television Inc $9.46 USD -0.19
Journal Communications Inc $10.05 USD -0.54
Nexstar Broadcasting Group Inc $49.90 USD -1.32
EW Scripps Co/The $19.73 USD -0.99
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Industry Analysis

MEG

Industry Average

Valuation MEG Industry Range
Price/Earnings 60.6x
Price/Sales 2.2x
Price/Book 1.6x
Price/Cash Flow 12.7x
TEV/Sales 0.6x
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