Richmond, Va. - News company Media General Inc. said Monday that it is reorganizing to focus on its core television broadcasting business after the June sale of the majority of its newspapers. The company said it will combine five regional divisions into two. With the exception of two television stations - Rhode Island's WJAR-TV10, an NBC affiliate, and another in Ohio - most of Media General's 18 stations are in the southeast. Each new division will oversee nine stations.
The Richmond, Va.-based company agreed in May to sell 63 newspapers to World Media Enterprises Inc., a division of Berkshire Hathaway Inc. The $142 million deal was completed in June. Media General still owns The Tampa Tribune (Fla.) and smaller newspapers in that market. It is in talks to sell those newspapers to other buyers.
- Associated Press