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Media General Inc (MEG.N)

MEG.N on New York Stock Exchange

18.75USD
6 Dec 2016
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$0.38 (+2.07%)
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Latest Key Developments (Source: Significant Developments)

Media General Q3 loss per share $0.53
Wednesday, 9 Nov 2016 07:30am EST 

Media General Inc : Media general - qtrly net local revenues, which include net local advertising revenues and retransmission consent fees, increased 18% to $249 million . Media general, inc. Announces record third quarter 2016 results . Q3 revenue rose 17 percent to $377 million . Q3 loss per share $0.53 .Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.  Full Article

Standard General reports 3.4 pct stake in Media General Inc
Thursday, 8 Sep 2016 05:27pm EDT 

Standard General L.P. : Reports 3.4 pct stake in Media General Inc as of September 6, 2016 - SEC filing . Had previously reported stake of 5.9 percent in Media General Inc as of March 4, 2016 Source: (http://bit.ly/2c2PQP8) ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Hound partners llc reports 5.63 pct passive stake in Media General as of Aug 18
Monday, 29 Aug 2016 05:50pm EDT 

Media General Inc :Hound Partners LLC reports 5.63 percent passive stake in Media General Inc as of August 18 - Sec filing.  Full Article

Nexstar qtrly earnings per share $0.78
Tuesday, 9 Aug 2016 07:04am EDT 

Nexstar Broadcasting Group Inc : Q2 revenue $262 million versus I/B/E/S view $264.6 million . Qtrly earnings per share $0.78 . Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Progress towards completion later this year of our acquisition of media general is tracking consistent with our timeline .On pace to achieve guidance for annual average 2016/2017 free cash flow of $250 million or average pro-forma free cash flow of $8.15/share per year.  Full Article

Media General Q2 earnings per share $0.14
Friday, 5 Aug 2016 07:30am EDT 

Media General Inc : Q2 earnings per share $0.14 . Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Sees Q3 2016 revenue up 23 to 29 percent . Media General, Inc announces second quarter 2016 results . Q2 revenue rose 13 percent to $363 million . Sees Q3 total net revenues $396 million to $414 million . Qtrly net local revenues, which include net local advertising revenues and retransmission consent fees, increased 13% to $248 million . Q3 revenue view $410.1 million -- Thomson Reuters I/B/E/S . Media General Inc sees Q3 of 2016 cash capital expenditures $10 million to $15 million . Media General, Inc. announces second quarter 2016 results .Sees Q3 net broadcast revenues $349 million to $360 million.  Full Article

Nexstar Broadcasting to divest 5 stations for $115 mln
Monday, 13 Jun 2016 09:00am EDT 

Nexstar Broadcasting Group Inc : Aggregate value of station divestitures related to media general transaction approximates $545 million .Nexstar broadcasting enters into definitive agreement to divest five stations in five markets for $115 million.  Full Article

Nexstar, Media General shareholders vote to approve Nexstar's acquisition of Media General
Wednesday, 8 Jun 2016 12:00pm EDT 

Nexstar Broadcasting : Shareholders Elected Lisbeth Mcnabb, C. Thomas Mcmillen To Serve As Class I Directors Until Date Of Nexstar 2019 Annual Meeting .Shareholders Of Nexstar Broadcasting And Media General Vote To Approve Nexstar's Acquisition Of Media General.  Full Article

Media General posts Q1 loss per share $0.20
Friday, 6 May 2016 07:30am EDT 

Media General Inc : Media General Inc announces first quarter 2016 results . Q1 loss per share $0.20 . Q1 revenue rose 16 percent to $343 million . Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Sees Q2 2016 revenue up 13 to 17 percent . Sees Q2 total net revenues $361 million to $375 million . Q2 revenue view $368.3 million -- Thomson Reuters I/B/E/S .Sees Q2 adjusted EBITDA $102 million to $111 million.  Full Article

Nielsen Holdings PLC and Media General sign long-term, comprehensive renewal agreement for local market measurement
Monday, 8 Feb 2016 01:01pm EST 

Nielsen Holdings PLC:Says reached an agreement with Media General Inc to renew its subscription to Nielsen's local television measurement service.Says long-term renewal agreement provides Nielsen's TV ratings service for all of Media General's owned and operated stations across 48 markets.  Full Article

Nexstar Broadcasting Group enters into definitive agreement to acquire Media General for $4.6 Billion in accretive cash and stock transaction
Wednesday, 27 Jan 2016 08:46am EST 

Nexstar Broadcasting Group Inc:To buy outstanding shares of Media General for $10.55 per share in cash,0.1249 of share of co's class a common stock for a Media General share.Says transaction has been unanimously approved by the boards of directors of both companies.Says completion of the transaction, expected late in the third quarter/early in the fourth quarter of 2016.Has received committed financing for deal totaling $4.7 billion from bofa Merrill Lynch, Credit Suisse, Deutsche Bank.Two Media General directors will join the Nexstar board of directors at deal closing.Says Nexstar intends to divest certain television stations necessary to obtain FCC approval of the proposed transaction.Says Nexstar will change its name to Nexstar media group, inc. upon the completion of the transaction.Media General and co shareholders will hold about 34% and 66%, respectively, of combined company's outstanding shares.Deal expected to more than double revenue and adjusted EBITDA and result in over $500 million of annual free cash flow.Nexstar media group's annual free cash flow per share is expected to exceed $10.50 per year over the 2015/2016 period.Bofa Merrill Lynch is acting as financial advisor and Kirkland & ellis llp is acting as legal counsel to Nexstar.  Full Article

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Time Inc owners could yet thank Bronfman

NEW YORK (Reuters Breakingviews) - Time Inc owners may yet send a note of thanks to Edgar Bronfman Jr. The former Seagram heir teamed up with Warner Music owner Len Blavatnik to make a bid for the $1.4 billion magazine firm - an offer which was rejected, according to the New York Post. The 30 percent mooted premium sounds decent for an indebted publisher with falling sales.