|
Media General, Inc. is a media company based in the Southeastern United States. The company was formed in 1940 when Richmond, Virginia's two newspapers, the ''Times-Dispatch'' and ''News Leader'', merged to form Richmond Newspapers. In 1969, as the company's media properties grew and diversified, it was renamed Media General. Media General is headquartered in Richmond and the San Francisco Bay Area is its largest market. In 2013 and 2014, Media General expanded significantly through its mergers with Young Broadcasting and LIN Media; as of the latter merger, Media General is now run by the principal staff of LIN Media, including CEO Vincent L. Sadusky. ==History== Media General was formed in 1940 when Richmond, Virginia's two newspapers, the ''Times-Dispatch'' and ''News Leader'', merged to form Richmond Newspapers. In 1969, as the company's media properties grew and diversified, it was renamed Media General. In 1982 the company acquired The William B. Tanner Company (previously known as Pepper-Tanner), a commercial radio jingle production company headquartered in Memphis. It was divested in 1988. In 1996, Media General acquired Park Acquisitions, the holding company for Park Communications, formerly owned by the media entrepreneur Roy H. Park. In 1999, Media General bought Spartanburg-based Spartan Communications, which increased Media General's station portfolio from 14 to 27. Four NBC-owned stations in smaller markets that were put up for sale on January 9, 2006 on April 6 NBC Universal and Media General announced that the latter would purchase the four NBC O&O's as part of a $600 million four-station deal between the two companies. On August 2, 2006, Media General announced that it will sell WIAT and KIMT to New Vision Television for $35 million; the sale was finalized on October 12, 2006. On October 29, 2007, Media General announced that the company was exploring the sale of WCWJ, KALB-TV, WMBB, WTVQ, and WNEG-TV. On March 14, 2008, the company reached an agreement to sell KALB and WMBB to Hoak Media. The deal was closed on July 16. On June 25, 2008, Media General announced the sale of WNEG-TV to the University of Georgia. On January 28, 2009, the Nexstar Broadcasting Group announced that it had reached an agreement to purchase WCWJ. The deal was finalized on May 1, 2009. On June 6, 2013, it was announced that Young Broadcasting and Media General would merge. Due to the way the merger was structured, Young Broadcasting's shareholders controlled a majority of Media General's stock following the merger. The combined company owned 30 stations, reaching 14% of the United States.〔(Media General, Young Broadcasting To Merge ), ''TVNewsCheck'', June 6, 2013.〕 On November 8, FCC approved the merger.〔()〕 On March 21, 2014, Media General and LIN Media announced that the two companies would merge. The deal, worth an estimated $1.6 billion, would create an entity of 71 stations with a combined reach of 24% of U.S. television households. 45 Media General staff members were laid off; CEO George Mahoney stepped down in favor of his LIN counterpart Vincent Sadusky, and his own management team. In order to comply with FCC ownership rules as well as planned changes to rules regarding same-market television stations which would prohibit future joint sales agreements, some of the stations would be sold to several other companies in five markets (Birmingham, Green Bay, Mobile, Providence and Savannah) where both groups already own stations.〔(TV Station Mega Merger: Media General, LIN Set $1.6 Billion Deal ) from ''Variety'' (March 21, 2014)〕〔(Media General acquiring LIN Media for $1.6 billion ), ''Los Angeles Times'', March 21, 2014.〕〔(Media Gen/LIN To Sell/Swap In Five Markets ), ''TVNewsCheck'', March 21, 2014.〕 On August 20, 2014, Media General and LIN Media announced several sales. Media General sold WJAR, WLUK, and WCWF to the Sinclair Broadcast Group in exchange for Sinclair's KXRM, KXTU, and WTTA. Hearst Television acquired WVTM and WJCL, and Meredith Corporation acquired WALA.〔http://www.tvnewscheck.com/article/78615/media-general-lin-sell-stations-in-5-markets〕 On October 6, the two companies' shareholders approved the deal,〔http://www.mediabistro.com/tvspy/media-general-and-lin-merger-approved-by-shareholders_b130680〕 and the FCC approved the deal on December 12.〔http://www.fcc.gov/document/media-bureau-approves-lin-media-and-media-general-transaction〕 The merger was completed on December 19.〔(Media General Completes Merger With LIN Media ), Press Release, Media General, Retrieved 19 December 2014〕 A condition of the deal requires Media General to end the joint sales agreements it has with stations in Youngstown, Ohio, Dayton, Ohio, and Topeka, Kansas, due to tighter scrutiny such deals are getting by the FCC. Media General received a two-year waiver in those markets to end the JSAs.〔(FCC Okays Media General/LIN Merger ) ''Broadcasting & Cable'' (12/12/2014)〕 On July 14, 2015, Media General pulled its stations off of Mediacom cable systems across the United States due to a carriage dispute over retransmission consent fees. This carriage dispute saw Media General stations disappear from Mediacom lineups in 14 television markets across the United States and even three of the Fox affiliates owned by Media General were lost to Mediacom subscribers in Hampton Roads, Virginia, Terre Haute, Indiana, and Topeka, Kansas just before the start of the 2015 Major League Baseball All-Star Game. On July 30, 2015, Mediacom and Media General reached a new agreement, thereby restoring Media General owned stations to Mediacom subscribers in the affected areas. On September 8, 2015, it was announced that Media General would acquire Meredith Corporation in a cash and stock deal valued at $2.4 billion. Pending regulatory and shareholder approval, the deal is expected to be consummated in June 2016. The combined company would operate under the name Meredith Media General, and be the third-largest owner of television stations in the United States—serving an estimated 30% of households. In order to comply with FCC regulations, some stations would be sold to other companies in six markets where both groups already own stations (Greenville-Spartanburg, Hartford-New Haven, Mobile, Nashville, Portland (OR) and Springfield (MA)). Media General shareholders would control 65% of the company, with Meredith shareholders holding 35%. On September 28, it was revealed that Nexstar Broadcasting Group had made an unsolicited cash-and-stock offer for Media General, valued at $14.50 per-share. Following the announcement, Media General shareholders Oppenheimer Holdings (7% stake) and Starboard Capital (4.5% stake) opposed the Meredith merger in favor of selling to Nexstar. On October 6, 2015, the ''New York Post'' speculated that the deal had been called off, believing that the deal was unlikely to receive further shareholder support due to these objections. Both companies have denied that this was the case, and reported that other major shareholders were backing the merger. Media General hired additional firms to evaluate the Nexstar bid. On November 16, Media General rejected the offer but agreed to negotiate after concluding its merge with Meredith.〔(Media General Rejects Nexstar’s $1.9B Offer, But Agrees To Talk - Deadline )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Media General」の詳細全文を読む スポンサード リンク
|