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