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Media General sells two TV stations

Discussion in 'Journalism topics only' started by Moderator1, Jul 16, 2008.

  1. Moderator1

    Moderator1 Moderator Staff Member

    I have no clue what this means on the business side of things, given MG's latest stock numbers.

    http://www.inrich.com/cva/ric/news.apx.-content-articles-RTD-2008-07-16-0200.html
     
    Moderator1, Jul 16, 2008
    #1
  2. Sam Mills 51

    Sam Mills 51 Well-Known Member

    It's simply to use the sales to pay off some debt. If I recall correctly, Moddy, MG doesn't own print publications in either market. Therefore, no "convergence," no "clustering" and no way to save a few pennies.
     
    Sam Mills 51, Jul 16, 2008
    #2
  3. WS

    WS Member

    My Media General shop is renovating the breakroom. I'm so proud.
     
    WS, Jul 16, 2008
    #3
  4. dixiehack

    dixiehack Well-Known Member

    WMBB in Panama City was allegedly clustered with the Jackson County Floridan (6500 subscribers strong baby!) 45 minutes up the road. I think they built a small studio in the newsroom after I left so the bureau reporter could do her 30 second piece on the inland Panhandle meth bust of the day, but I doubt anything more ever came of it.
     
    dixiehack, Jul 16, 2008
    #4
  5. Moondoggy

    Moondoggy Member

    Hyperlocal, baby!
     
    Moondoggy, Jul 16, 2008
    #5
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