Business News

Media General Board of Directors Suspends Dividend

Friday 30. January 2009 - Media General (NYSE:MEG) announced today that due to the uncertain economic outlook, the Board of Directors determined it is prudent to suspend the dividend on the company's Class A and Class B shares.

“While we regret having to take this action, this allows the company to direct additional cash flow to the reduction of our debt,” said Marshall N. Morton, president and chief executive officer.