Media General explores sales of newspapers
Media General announced on Wednesday that it is exploring the sale of its newspaper operations, including the Waynesboro-based News Virginian.
The Richmond-based company said it has received inquiries from third parties regarding the potential sale of its newspapers. Media General’s newspapers include The Richmond Times-Dispatch, The (Charlottesville) Daily Progress and The (Lynchburg) News and Advance. Read more
Media General shows net profit in second quarter
Media General reported net income for the second quarter of 2009, and while the income number was modest, at $20.6 million for the quarter, it was a number in the black and not $532.2 million in the red like the second quarter of 2008 was for the media conglomerate. Read more
The morning paper revisited
Story by Chris Graham
“We’ve created a very strange situation for ourselves,” News Virginian editor and general manager Lee Wolverton said of the ongoing handwringing among us media moguls about what we need to do to get our industry back on track after a sustained period of losing print readers used to paying for the news to the Internet where people have come to expect information to be readily available for free. Read more
Yep, even more bad news
Media General has cut 90 jobs from its flagship newspaper, the Times-Dispatch in Richmond, according to a story on the paper’s website Thursday.
Twenty-eight of the positions were in the newsroom, according to an Associated Press report. The rest were scattered throughout the production, circulation, marketing, business, advertising, operations, facilities, prepress design and targeted solutions departments. Read more
More bad newspaper news
The News Virginian has laid off a newsroom staffer as part of a workforce reduction implemented by two local Media General-owned newspapers, according to an online report in the Daily Progress.
The Progress eliminated a total of six positions, including four in its news department. Read more
More bad news at Media General
More bad news on the news-media front. Media General announced last week that it is closing its Washington, D.C., news bureau on March 27.
“We very much regret having to take this step,” said Graham Woodlief, president of the Publishing Division at Media General, the parent company of The News Virginian in Waynesboro. Read more
News Virginian latest to furlough employees
The tough times being faced in the news-media industry are now hitting home to Waynesboro.
The News Virginian announced in today’s edition that it will be implementing a series of unpaid furloughs for employees in line with a fulough program being implemented by its corporate parent, the Richmond-based Media General. Read more
