Shareholders of Media General, Inc. (NYSE: MEG) today approved the company’s merger with New Young Broadcasting Holding Co, Inc., at a special meeting held at the company’s offices here.
Customers keen to find out more about upgrade offers and new technologies such as the COLORMAN e:line 45
For the six-month period ending September 29, 2013, The New York Times saw strong circulation growth according to the just released Alliance for Audited Media (AAM) report. Total average circulation, which includes total print and total digital, was 1,897,890 for Monday-Friday and 2,391,986 for Sunday.
The release of cross-platform metrics by the Alliance for Audited Media summarize the extension of the Houston Chronicle Media Group’s (HCMG) diverse product mix, and affirms the company’s position as the number one media company in Houston, reaching 3.2 million Houstonians weekly, 700,000 more consumers than any Houston radio or broadcast station.
The New York Times Company (NYSE:NYT) announced an operating profit of $12.9 million in the third quarter of 2013 compared with $8.9 million in the same period of 2012. Excluding depreciation, amortization, severance and a special item, operating profit rose 35.1 percent to $39.9 million from $29.6 million in the third quarter of 2012.
As previously announced, on July 1, 2013, Tribune Company (“Tribune”) entered into a definitive agreement to acquire Local TV Holdings, LLC (“Local TV”) for $2.725 billion in cash (the “Transaction”). In connection with the Transaction, Tribune plans on entering into a new $4.1 billion credit facility (the “New Credit Facility”) which will include a $3.8 billion Term Loan Facility and $300 million Revolving Credit Facility.
Gannett Co., Inc. (NYSE: GCI) announced today Bill Albrecht has been named president and publisher of Argus Leader Media in Sioux Falls, SD. Albrecht had been president of Gannett’s Media Network of Central Ohio and president and publisher of Newark (OH) Advocate Media.
