Last $14.84 USD
Change Today -0.16 / -1.07%
Volume 488.1K
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

media general inc (MEG) Snapshot

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52 Week High
07/16/14 - $23.75
52 Week Low
10/13/14 - $12.45
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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, Inc. and LIN Television Corporation Enter into Amendment No. 4 to Credit Agreement

On January 22, 2015, MGOC, Inc. (F/K/A Media General, Inc.) and LIN Television Corporation entered into Amendment No. 4 to Credit Agreement, with Royal Bank of Canada (RBC) and the other revolving lenders and parties thereto. Pursuant to Amendment No. 4, the financial covenant relating to the consolidated total net leverage ratio shall, effective as of the closing date of the business combination by Media General Inc. with LIN Media LLC, only apply to the Revolving Credit Facility and shall be in effect only when the aggregate amount of Letters of Credit (other than those Cash Collateralized in an amount equal to the Outstanding Amount thereof) and/or Revolving Credit Loans outstanding exceed 30% of the Revolving Credit Commitments on the last day of any fiscal quarter or fiscal year, as applicable.

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.


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MEG Competitors

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Company Last Change
Entercom Communications Corp $11.92 USD +0.05
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Valuation MEG Industry Range
Price/Earnings 63.5x
Price/Sales 2.3x
Price/Book 1.7x
Price/Cash Flow 13.3x
TEV/Sales 0.7x

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