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Harbinger calls Media General action not "hostile"
NEW YORK |
NEW YORK Jan 30 (Reuters) - Hedge fund Harbinger Capital Partners, which is seeking to elect members to the boards of Media General Inc (MEG.N), said it was not aiming to eliminate the company's dual class structure and that its actions were not "hostile," according to a regulatory filing.
Harbinger owns 18.4 percent of Media General's class A shares of the company, making it the second-largest shareholder, according to a letter to the company filed with the U.S. Securities and Exchange Commission that was disclosed on Wednesday.
Harbinger, in conjunction with investment firm Firebrand Partners, is also seeking board seats at The New York Times Co (NYT.N). (Reporting by Kenneth Li, editing by Maureen Bavdek)
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