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Stock Market & Financial Investment News

News Breaks
January 28, 2013
14:30 EDTMEGGabelli raises stake in Media General to 32.01% from 30.97%
News For MEG From The Last 14 Days
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September 10, 2014
09:36 EDTMEGMedia General renews ABC affiliation agreement for WJBF-TV
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September 2, 2014
16:03 EDTMEGMedia General acquisition of WHTM-TV, immediately accretive to free cash flow
Media General announced that it has completed its previously announced acquisition of WHTM-TV in Harrisburg, PA, from Sinclair Broadcast Group, effective September 1, for approximately $83.4M in cash. Media General funded the acquisition with an incremental term loan of $75M. “This is an attractive acquisition for us, with a buyer’s multiple of less than 8x. It also is immediately accretive to free cash flow,” said George Mahoney, president and CEO of Media General.

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