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Posts Tagged ‘George Mahoney’

Media General Cuts 45 Jobs

media general_304x200A month after announcing a $2.6 billion merger with Lin Media, Media General is cutting 45 corporate and shared services jobs.

In an email sent to staffers, obtained by TVSpy, CEO George Mahoney says the cuts are meant to decentralize operations and give greater control at the local level. “It’s important that we have a structure that allows us to focus increasingly at the local, station level, closer to the customer, so that we can be nimble and responsive to our communities,” Mahoney writes.

When the merger is complete, the new Media General will be the second largest station group in the nation with 74 stations in 46 markets, reaching 23% of U.S. TV households.

The affected employees have been notified, a Media General spokesperson tells us. “Many of those who are affected are stars and have been with us for many years,” Mahoney writes. “They have, and deserve, our deepest gratitude and appreciation for their hard work and long-standing commitment to Media General.”

Mahoney is among those leaving the company when the deal is completed. Media General chairman Stewart Bryan will stay on in that capacity, while LIN CEO Vincent Sadusky will be the CEO of the combined entity.

Mahoney’s note, after the jump…

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Here Are The Markets Where LIN Media and Media General Will Sell or Swap Stations

LIN Media GAs they prepare to merge, LIN Media and Media General will have to sell or swap stations in five markets — Providence, Birmingham, Mobile, Green Bay and Savannah — to comply with FCC rules limiting ownership of more than one station in a market, TVNewsCheck reports:

“We recognize the issue, and we are going to work very constructively and creatively with the FCC to make sure we close this transaction as quickly as possible,” said Mahoney. “We are clear that certain stations will have to be swapped or sold.”

Mahoney suggested that he preferred swaps, even though they are harder to do than straight sales. “It cleans out the issue and could allow us to grow our national footprint. There is real opportunity there.”

A list of the stations is after the jump. Read more

KRON Moving into KGO Building

kronSan Francisco Bay Area MyNetworkTV station KRON has announced it will soon share a building with ABC owned station KGO.

Media General, which owns KRON, said it will sublease space from KGO for its operations. The station said it will remain independent with separate broadcasting facilities. No staffing changes are expected in the move.

“We see this move as an excellent opportunity to invest in KRON’s future and its ability to even better serve the San Francisco market with outstanding local news,” said  George Mahoney president and CEO of Media General. “The new space will provide a separate studio for our use that is a significant upgrade from our current studio, and we will configure other space to meet our specific needs. The new space will enable our employees to collaborate more effectively as well as enhance their ability to serve our viewers and advertisers.”

KGO has its studios and control rooms on the first floor. Its newsroom and offices are on the second floor. An ABC spokesperson told TVSpy KRON will occupy the third floor of the building.

George Mahoney Tapped to Lead Media General

Media General president and CEO Marshall Morton will retire at the end of this year, the company has announced. He will be succeeded by George Mahoney, who is currently vice president of growth and performance at Media General.

In a statement announcing the changes, J. Stewart Bryan III, the chairman of the Media General board, praised Morton for his leadership of the company during the financial crisis.

“Marshall joined Media General as chief financial officer in 1989,” Bryan said. “In his early years, we refocused Media General on its core strengths of local news, excellent journalism and southeastern markets.  As president, he guided Media General through unprecedented change in the media industry and a severe economic downturn.” Read more