Media General, Young to combine TV operations

June 6, 2013

(AP)—Broadcast companies Media General and New Young Broadcasting say they are combining to create a company that will operate 30 TV stations in 27 markets.

Media General Inc.'s stock increased more than 23 percent after the announcement.

Media General sold its newspapers last year to focus on broadcasting. It currently owns 18 network-affiliated stations, including WFLA in Tampa, Fla., while Young owns or operates 12, including KRON in San Francisco.

The companies say that by combining, the stations will be more geographically diverse and will be in more markets that have strong ad revenue from .

The boards of both companies have approved the deal, as have Young's shareholders. It is subject to approval from Media General shareholders and from regulators. A vote has yet to be scheduled.

Explore further: Comcast, NBC to sell 1 TV station in Los Angeles

Related Stories

Comcast, NBC to sell 1 TV station in Los Angeles

May 10, 2010

(AP) -- NBC Universal will sell one of the three Los Angeles stations it owns as cable TV provider Comcast Corp. tries to clear regulatory hurdles so it can acquire a controlling stake in the entertainment company.

Astral still in talks with BCE about takeover deal

November 16, 2012

(AP)—Canadian broadcasting and advertising company Astral Media Inc. said Friday that it is still talking with BCE Inc. in the hopes of finding a way to have the friendly takeover offer by the telecom giant win regulatory ...

BCE resubmits Astral bid to broadcast regulator

November 19, 2012

(AP)—Canada's largest telecommunications company, BCE Inc., resubmitted a bid to the country's broadcast regulator to buy Astral Media Inc. for $3.38 billion, the companies said Monday.

MetroPCS shareholders approve T-Mobile offer

April 24, 2013

MetroPCS Communications Inc., the country's fifth-largest cellphone carrier, says its shareholders have approved the company's takeover by No. 4 T-Mobile USA.

Recommended for you

Xbox gaming technology may improve X-ray precision

December 1, 2015

With the aim of producing high-quality X-rays with minimal radiation exposure, particularly in children, researchers have developed a new approach to imaging patients. Surprisingly, the new technology isn't a high-tech, high-dollar ...

Making 3-D imaging 1,000 times better

December 1, 2015

MIT researchers have shown that by exploiting the polarization of light—the physical phenomenon behind polarized sunglasses and most 3-D movie systems—they can increase the resolution of conventional 3-D imaging devices ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.