UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 24, 2011
MEDIA GENERAL, INC.
(Exact name of registrant as specified in its charter)
Commonwealth of Virginia | 1-6383 | 54-0850433 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
333 E. Franklin St., Richmond, VA | 23219 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (804) 649-6000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
b) | On May 26, 2011, Media General, Inc. (the Company) issued a press release (Exhibit 99.1) announcing that O. Reid Ashe, Jr., Executive Vice President and Chief Operating Officer, will retire from the Company and its Board of Directors on December 31, 2011. Mr. Ashe will continue to serve as the Companys Executive Vice President and Chief Operating Officer through September 30, 2011. |
c) | Effective October 1, 2011, George L. Mahoney will become Vice President, Growth and Performance. Mr. Mahoney is currently Vice President, General Counsel and Secretary. John A. Schauss will become Vice President, Market Operations. Mr. Schauss is currently Vice President, Finance and Chief Financial Officer. James F. Woodward will become Vice President, Finance and Chief Financial Officer. Mr. Woodward is currently Group Vice President, Growth and Performance. |
The Company also issued a press release (Exhibit 99.2) announcing that Andrew C. Carington, will succeed George L. Mahoney as Vice President, General Counsel and Secretary effective October 1, 2011. Mr. Carington is currently Associate General Counsel.
There are no transactions required to be disclosed under Item 404(a) of Regulation S-K of the Securities and Exchange Commission in connection with the appointment of these executive officers.
Item 9.01 Financial Statements and Exhibits.
d) | Exhibits |
99.1 | Press Release issued by MEDIA GENERAL, INC., May 26, 2011. | |
99.2 | Press Release issued by MEDIA GENERAL, INC., May 26, 2011. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEDIA GENERAL, INC. | ||||
(Registrant) | ||||
Date May 26, 2011 | ||||
/s/ John A. Schauss | ||||
John A. Schauss | ||||
Vice President, Finance and Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE | ||||||||
Thursday, May 26, 2011 |
Media Generals Reid Ashe to Retire Dec. 31, 2011; Three Executive Appointments Announced
RICHMOND, Va. Media General, Inc. (NYSE: MEG), a multimedia provider of broadcast television, digital media and print products, today announced that O. Reid Ashe, Jr., 62, Executive Vice President and Chief Operating Officer, will retire from the company and its Board of Directors on December 31, 2011. Media General also announced the appointment of three executive officers to new positions, effective October 1, 2011.
Throughout a 40-year career in the media industry, Reid has distinguished himself as a leader. In the past 15 years, he has become particularly well known for leading change within our industry as it transforms itself into a true multimedia model for both journalism and sales, said Marshall N. Morton, 65, President and Chief Executive Officer of Media General. Media General has been fortunate to have Reid as its Chief Operating Officer since 2001. His leadership as a member of our original team in Tampa that pioneered convergence has been invaluable as we have implemented our digital media strategy. We shall miss him, and we wish Reid and his wife, Lisa, all the best, said Mr. Morton. We look forward to Reids continued leadership as we transition to a new management structure.
On October 1, 2011, George L. Mahoney, 59, will become Vice President, Growth and Performance, an operation that was established in 2009 to further intensify the companys focus on digital media opportunities and operational excellence initiatives. Mr. Mahoney is currently Vice President, General Counsel and Secretary. John A. Schauss, 55, will become Vice President, Market Operations, with responsibility for all of the companys local media properties within its five geographically-focused markets. Mr. Schauss is currently Vice President, Finance and Chief Financial Officer. James F. Woodward, 51, will become Vice President, Finance and Chief Financial Officer. Mr. Woodward is currently Group Vice President, Growth and Performance.
The appointment of these three proven leaders to their new positions will ensure continued strong, experienced and effective leadership at Media General in the years ahead. I look forward to working with each of them in their new roles, as we continue to accelerate our transition to a digital model, said Mr. Morton.
Biographical Information
Mr. Ashe is currently serving as President of the Southern Newspaper Publishers Association and as a member of the Corporation (Board of Trustees) of the Massachusetts Institute of Technology (MIT). He is also Chairman of the Board of Directors of the YMCA of Greater Richmond. He joined Media General in 1996 as President and Associate Publisher of The Tampa Tribune and became Publisher at the beginning of 1997. He was elected to Media Generals Board of Directors in 2002. Prior to joining Media General, he had been President and Publisher of The Wichita Eagle since 1986. Mr. Ashe received a degree in electrical engineering from MIT in 1970.
Mr. Mahoney has been the companys General Counsel and Secretary since he joined Media General in 1993. He was elected a Corporate Vice President in 2006 and leads the companys innovation process. Prior to joining Media General, Mr. Mahoney served as Assistant General Counsel for Dow Jones & Company from 1982-1993. He worked in New York City for the law firm Satterlee & Stephens from 1978-1982, specializing in First Amendment and intellectual property matters. He holds B.A. and J.D. degrees from the University of Virginia. Mr. Mahoney has been active with a number of community organizations, including Leadership Metro Richmond. He is a former board chair of St. Christophers School and serves on the board of the Richmond Symphony.
Mr. Schauss has been Vice President, Finance and Chief Financial Officer since 2005. He joined Media General in 2001 as the companys Treasurer and also has been responsible for the companys strategic planning process. In his finance roles, Mr. Schauss has had the opportunity to learn all aspects of Media Generals operations. Prior to joining Media General, Mr. Schauss was Deputy Treasurer of George Washington University in Washington, D.C., and before that Chief Operating Officer of Eastern College in St. Davids, Pa. Mr. Schauss has also held executive-level administrative and financial positions at Tulane University in New Orleans. He received bachelors degrees in business administration and finance from Ball State University, and he completed MBA studies at Regent University and the University of Indianapolis. Mr. Schauss has been an active volunteer for Boys & Girls Clubs throughout his career.
Mr. Woodward has been Group Vice President, Growth and Performance, since 2009. Previously, he served as Vice President, Corporate Human Resources from 20052009. During his 28 years with Media General, he has served as Staff Accountant, Audit Manager, Assistant Controller of Richmond Newspapers, Manager of Human Resources Systems for the Finance Department, and as Director of Human Resources from 1999 to 2005. He received a B.S. degree in accounting from James Madison University. Mr. Woodward is a member of the J. Sargeant Reynolds Community College Foundation Board, the Executive Board for the Heart of Virginia Boy Scout Council and Leadership Metro Richmond.
About Media General
Media General is a leading provider of news, information and entertainment across multiple media platforms, serving consumers and advertisers in strong local markets, primarily in the Southeastern United States. The company is transforming itself over time to a digital media model, while continuing to effectively manage its larger, cash-producing broadcast television and print platforms. The companys operations include 18 network-affiliated television stations and their associated websites and 23 newspapers and their associated websites. Media General operates three digital media advertising services companies: Blockdot, which specializes in interactive entertainment and advergaming technologies; DealTaker.com, a coupon and shopping website; and NetInformer, a leading provider of wireless media and mobile marketing services.
# # #
Investor Contact: | Media Contact: | |
Lou Anne Nabhan | Ray Kozakewicz | |
(804) 649-6103 | (804) 649-6748 |
(2 of 2)
Exhibit 99.2
FOR IMMEDIATE RELEASE | ||||||||
Thursday, May 26, 2011 |
Media General Elects Andrew C. Carington Vice President, General Counsel and Secretary
Richmond, Va. Media General, Inc. (NYSE: MEG), a multimedia provider of broadcast television, digital media and print products, today announced that Andrew C. Carington has been elected Vice President, General Counsel and Secretary, effective October 1, 2011. Mr. Carington is currently Associate General Counsel at Media General. He will succeed George L. Mahoney, who has been named Vice President Growth and Performance, effective October 1, 2011.
Media General is pleased to promote from within for this critical senior management position, said Marshall N. Morton, President and Chief Executive Officer. Andys knowledge of the company and our industry, his depth of experience in the field of business law, and his experience across all of our business units, all have prepared him well to assume this responsibility. I look forward to working with Andy in his new role, said Mr. Morton.
Mr. Carington, 42, joined Media General in 2001 as Counsel, with responsibility for a wide range of business and intellectual property legal matters. He was promoted to Associate General Counsel in 2006. Mr. Carington earned his J. D. degree from the University of Richmonds T.C. Williams School of Law in 1995. Following law school, he went into private practice with the law firm Huff, Poole & Mahoney in Virginia Beach, Va. From 1999 until joining Media General, he was Counsel at Georgia-Pacific, in Richmond, Va., with responsibility for general business law matters for the companys consumer products business.
Mr. Carington received a B. A. in English from Denison University, Granville, Ohio, in 1990. He is a member of the Virginia Bar Association, Corporate Counsel Section, Richmond Bar Association and the Association of Corporate Counsel.
About Media General
Media General is a leading provider of news, information and entertainment across multiple media platforms, serving consumers and advertisers in strong local markets, primarily in the Southeastern United States. The company is transforming itself over time to a digital media model, while continuing to effectively manage its larger, cash-producing broadcast television and print platforms. The companys operations include 18 network-affiliated television stations and their associated websites and 23 newspapers and their associated websites. Media General operates three digital media advertising services companies: Blockdot, which specializes in interactive entertainment and advergaming technologies; DealTaker.com, a coupon and shopping website; and NetInformer, a leading provider of wireless media and mobile marketing services.
# # #
Investor Contact: | Media Contact: | |
Lou Anne Nabhan | Ray Kozakewicz | |
(804) 649-6103 | (804) 649-6748 |
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