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J.
Stewart Bryan III became president, chairman and chief executive officer
of Media General, Inc.
Sold
Highlander Publications and Golden West Publishing.
Acquired
Sunbelt Newspapers, Inc.
1991
Sold
Cliggott Publishing and Technical Information Distribution Systems.
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Printing
facilities in Hanover, Va. |
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On June 1, 1992, the Richmond Times-Dispatch and The Richmond News
Leader merged into a single morning publication under the Times-Dispatch
name, and printing operations were moved from downtown to a state-of-the-art
printing facility in Hanover, Va., just outside Richmond.
1994
In May, Media
General sold its 40 percent interest in Garden State Newspapers, Inc.
to its majority shareholders.
In August, The
Tampa Tribune launched a new Internet online service, Tampa Bay Online.

In September,
Media General acquired 40 percent interest in common stock of Denver
Newspapers, Inc., publisher of the Denver Post.
1995
The company sold
its 49 percent interest in Mexican newsprint subsidiary.
On Oct. 26, the
company acquired four daily and Sunday newspapers for $230 million
from Worrell Enterprises. Papers included the Culpeper Star-Exponent
in Culpeper, Va.; The News & Advance in Lynchburg, Va.; The Daily
Progress in Charlottesville, Va.; the Suffolk News-Herald in Suffolk,
Va.; plus 20 weeklies and monthlies.
Also on Oct. 26,
the Richmond Times-Dispatch launched a new online service, Gateway
Virginia.

1996
Acquired in March
the Danville Register & Bee in Danville, Va.
In May, Media
General Broadcast Group acquired Professional Communications Systems.
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In January, acquired
Park Communications, which included the following newspapers and TV
stations: The News Herald in Morganton, N.C.; The Independent Tribune
in Kannapolis, N.C.; The Daily News in Eden, N.C.; The McDowell News
in Marion, N.C.; the Statesville Record & Landmark in Statesville,
N.C.; The News Virginian in Waynesboro, Va.; The Journal Messenger
in Manassas, Va.; WIAT in Birmingham, Ala.; WSLS in Roanoke, Va.;
WTVQ in Lexington, Ky.; WDEF in Chattanooga, Tenn.; WJHL in Johnson
City, Tenn.; WNCT in Greenville, N.C.; KALB in Alexandria, La; WUTR
in Utica, N.Y.; and WTVR in Richmond, Va.
In February, acquired
the Potomac News in Woodbridge, Va.
In April, acquired
The Reidsville Review in Reidsville, N.C., and The Messenger in Madison,
N.C.
In May, D. Tennant
Bryan retired after an incredible 69 years of service to The News
Leader, the Richmond Times-Dispatch, Richmond Newspapers, and Media
General.
In July, Media
General sold WUTR-TV in Utica, N.Y.
In August, Media
General completed a trade of Richmond station WTVR for WSAV in Savannah,
Ga., WJTV in Jackson, Miss., and WHLT in Hattiesburg, Miss.
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In May, Media
General completed construction and occupied a new corporate headquarters
in Richmond, Va.
Acquired, in January,
the Bristol Herald Courier in Bristol, Va.; and in June, the Hickory
Daily Record in Hickory, N.C.
In October, Media
General sold substantially all of the operating assets of its wholly
owned subsidiary Beacon Press, Inc., to Cadmus Graphics Solutions,
Inc., a unit of Cadmus Communications Corp.
On Dec. 9, at
the age of 92, D. Tennant Bryan passed away.
1999
In October, Media
General completed the sale of its cable television operations to Cox
Communications, Inc. for $1.4 billion.
In December, the
Richmond Times-Dispatch opened a new downtown office building.
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In March, Media
General opened its Tampa News Center, bringing the newsrooms of WFLA,
The Tampa Tribune and TBO.com together in the nation's most advanced
laboratory for media convergence.
In March, Media
General acquired 13 television stations from Spartan Communications
for $605 million. The stations included: WKRG in Mobile, Ala; WMBB
in Panama City, Fla.; WJBF in Augusta, Ga.; WRBL in Columbus, Ga.;
WNEG in Toccoa, Ga.; KIMT in Mason City, Iowa; KBSD in Dodge City,
Kan.; KBSL in Goodland, Kan.; KBSH in Hays, Kan.; KWCH in Wichita,
Kan.; WASV in Anderson, S.C.; WBTW in Florence, S.C.; and WSPA in
Spartanburg, S.C.
In August, Media
General acquired The Dothan Eagle, the Opelika-Auburn News, The (Florence)
Morning News plus several other daily and weekly newspapers in Alabama,
South Carolina and Florida. The company purchased these properties
from Thomson Corp. for $237 million.
In August, Media
General sold Garden State Paper Co. to Enron.
2001
In January, Media
General launched its Interactive Media Division, the cornerstone of
the company's efforts to fully integrate Internet technologies into
its corporate strategies. The new division builds upon the strengths
of the company's newspapers, television stations and financial databases
to create profitable online enterprises.
On Sept. 19, Media
General's stock moved to the New York Stock Exchange under a new ticker
symbol: MEG.
In October, Media
General relocated its Broadcast Division to Richmond from Tampa.
In December, Media
General opened a completely renovated building at 111 N. Fourth St.
to house the headquarters of its Broadcast Division and its Interactive
Media Division.
2002
Media General
adopted the four cornerstones of newspaper readership, as identified
by the Newspaper Association of America and Northwestern University:
Content, Service, Brand and Culture. All Media General newspapers
implemented readership action plans based on the imperatives. Circulation
increased immediately at most of the company's newspapers, and total
Sunday circulation topped 1 million.
The Interactive
Media Division acquired Boxerjam, a producer of game shows and puzzles.
Media General relaunched Boxerjam, and it is generating revenues through
advertising, licensing, pay-to-play and subscriptions.
This was the first
full year of operation of the Broadcast Division's new Central Traffic
Operation in Tampa. The new system enables all Media General television
stations to more effectively manage and price spot inventory, and
the division far outpaced the industry in revenue growth for the year.
By year's end,
Media General had implemented convergence in five more markets, including
Central and Southwest Virginia, South Carolina, the Florida Panhandle-Southern
Alabama, and the Alabama-Georgia state line.
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2003
Audit Bureau of
Circulation data for the six months ended March 31 showed The Tampa
Tribune as the nation's fastest growing large-circulation newspaper
in Sunday circulation and the third fastest in daily circulation.
Three other Media General dailies were the fastest growing newspapers
in the states of Virginia, North Carolina and Florida.
On June 2, the
Federal Communications Commission relaxed its newspaper-broadcast
cross-ownership rule, which opens new opportunities for convergence
in the Southeast.
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On January 27, J. Stewart Bryan III, chairman and chief executive officer of Media General, announced that the Board of Directors had unanimously approved a management succession plan. Effective July 1, Mr. Bryan stepped down as chief executive officer and will remain chairman of the board. Marshall N. Morton, who had been vice chairman and chief financial officer, became president and chief executive officer. Reid Ashe continues to serve as chief operating officer and also became executive vice president. John A. Schauss, who has been the company’s treasurer, assumed the additional responsibilities of vice president-finance and chief financial officer. Mr. Bryan said these changes would ensure continued strong, experienced and effective leadership at Media General in the years ahead.
On July 18, Media General acquired Blockdot, Inc., a Dallas-based advergaming and game development firm known for successful product innovation and services for many Fortune 500 companies. Blockdot was founded in 2001 and pioneered advergaming, which is the use of interactive games to deliver advertising messages to develop brand awareness and drive traffic to consumer-oriented Web sites. Blockdot also operates a network of casual game sites, including its flagship site, Kewlbox.com.
2006
On June 26, Media General completed the purchase of four NBC stations from NBC Universal. The stations and their Designated Market Areas (DMAs) are: WNCN in Raleigh, N.C., #29; WCMH in Columbus, Ohio, #32; WVTM in Birmingham, Ala., #40; and WJAR in Providence, R.I., #51. All four stations are ranked among the top three in their respective markets. The cash transaction cost approximately $600 million. The net transaction value, reduced by the present value of the expected tax savings, was approximately $450 million.
On September 25, Media General and Schurz Communications, Inc. announce the completion of Schurz’s purchase of Media General’s CBS television station KWCH in Wichita, Kan., including satellite stations KBSD in Dodge City, Kan., KBSH in Hays, Kan., and KBSL in Goodland, Kan. The final sales price was approximately $75 million, including working capital.
On October 11, Media General and New Vision Television, LLC, announce the completion of New Vision’s purchase of Media General’s CBS television stations WIAT in Birmingham, Ala., and KIMT in Mason City, Iowa. The final sales price for both stations was approximately $37 million, including working capital.
On October 13, Media General and Morris Multimedia, Inc., announce the completion of Morris Multimedia’s purchase of Media General’s CBS television station WDEF in Chattanooga, Tenn. The final sales price was approximately $23 million, including working capital. Gross proceeds from all four divestitures were approximately $135 million, including working capital. Net after-tax proceeds of approximately $125 million were used for debt repayment. |
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