Media General shareholders have approved the company’s merger with New Young Broadcasting.
The merged company will keep the Media General name and will continue to be traded on the NYSE under its existing symbol MEG.
“We’re delighted to have shareholder approval for our business combination with Young Broadcasting, and we are very excited about the prospects for the combined company,” George L. Mahoney, president and chief executive of Media General said in a statement. “Once we receive FCC approval for our license transfers, we will close very quickly on the transaction. We believe the review process is going smoothly at the FCC.” Read more