A 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…