BNET Industries

Market Cap:$176.8M
Last Fiscal Year Sales:$800.0M
  • Public
  • US
Dow Jones Description

Our mission is to be the leading provider of high-quality news, information and entertainment in the Southeast by continually building our position of strength in strategically located markets.

President and Chief Executive Officer and Director
Marshall Morton
Number of Employees 5,600
Contact Information

333 E Franklin St

PO Box 85333

Richmond, Virginia 23219-2213

mediageneral.co...

(804) 649-6000

NAICS Code Newspaper Publishers: 511110

Recent Events

  • Janet Coats steps down as Tampa Tribune executive editor

    12/07/09 - Financial Announcement - View Story

  • Tampa Tribune parent posts loss after impairment charge

    10/22/09 - Financial Announcement - View Story

  • Tampa Tribune going back to full delivery in Pinellas

    9/29/09 - Financial Announcement - View Story

  • Time Warner, Media General come to terms over S.C. stations

    9/21/09 - Joint Venture / Alliance - View Story

  • Cost cutting helps Media General record second-quarter profit

    7/24/09 - Financial Announcement - View Story

  • FitzSimons Tapped for Media General Board

    6/24/09 - Stock Split / Dividend - View Story

  • Media General's Board of Directors Appoints New Member Dennis J. FitzSimons

    6/24/09 - Board Member - Entering - View Story

  • Former Tribune exec Dennis FitzSimons joins Media General board

    6/24/09 - Financial Announcement - View Story

News & Analysis

media general inc. and nyse euronext - All News and Analysis

Decision Makers

Name (plus bio) Position
Marshall Morton President and Chief Executive Officer and Director
James Zimmerman President of Media General's Broadcast Division
John A. Schauss Vice President, Finance and Cfo
O. Reid Ashe Jr COO & Executive Vice President
Stephen Y. Dickinson Controller and Cao
C Kirk Read Vice President
George L. Mahoney General Counsel, Vice President & Secretary
H. Graham Woodlief Vice President
James Woodward Vice President, Human Resources
Lou Nabhan Vice President and Director of Corporate Communications
Neal Fondren Vice President
Keith E. Piper Director, Corp Tax
Thomas A. Foster Director, Internal Audit
Walter L. Waleski Director, Info Technology
Raphael Seligmann Manager, Communications
Timothy J. Mulvaney Assistant Controller
Lou Anne
Mike Smith
F Jack Liebau Jr Director
J Daniel Sullivan Director
John A. Butler Treasurer

Board of Directors

Name (plus bio) Position
Walter Williams Chairman
Charles A. Davis Board of Directors
Coleman Wortham Board of Directors
Diana F. Cantor Board of Directors
Eugene I. Davis Board of Directors
J. Stewart Bryan III Board of Directors
Rodney A Smolla Board of Directors
Scott Anthony Board of Directors
Thompson L. Rankin Board of Directors

President and CEO since 2005; Vice Chairman from 2001-2005 and Chief Financial Officer from 1989-2005; Director since 1997; Member of the Executive Committee; Senior Vice President 1989-01; Corporate Vice President and Controller of West Point-Pepperell Inc. and Vice President of finance and administration for J. P. Stevens (a West-Point-Pepperell subsidiary) 1986-88.

Organization Position Status
Media General, Inc. President and Chief Executive Officer and Director Current
Media General, Inc. Vice Chairman & CFO Former
Media General, Inc. Board of Directors Current

Organization Position Status
Media General, Inc. President of Media General's Broadcast Division Current
Media General Broadcast Group, Inc. President Current
WFLA-TV president Former
WFLA-TV general manager Former

Vice President - Finance and CFO since 2005; Treasurer 2001-08; deputy treasurer of George Washington University 1998-01; chief operating officer and chief financial officer of Eastern College 1994-98; associate vice president for finance at George Washington University 1991-94.

Organization Position Status
Media General, Inc. Vice President, Finance and Cfo Current
Media General, Inc. Board of Directors Current
Media General, Inc. Treasurer Former

Executive Vice President since 2005; Chief Operating Officer since 2001; Director since 2002; President and Publisher of The Tampa Tribune 1997-2001; President and Associate Publisher of The Tampa Tribune 1996-1997; President and Publisher of the Wichita (Kansas) Eagle 1987-1996.

Organization Position Status
Media General, Inc. COO & Executive Vice President Current
Media General, Inc. Board of Directors Current

Chief Accounting Officer since 2005; controller since 1993; assistant controller 1989-92; director of corporate tax department 1983-89; principal Ernst & Young LLP 1979-83.

Organization Position Status
Media General, Inc. Controller and Cao Current
Media General, Inc. Board of Directors Current

Vice President and president of the Interactive Media Division since June 2007; regional publisher, Northern Virginia Community Newspapers 2006-07; publisher, Culpeper (Va.) Star-Exponent 2004-06; general manager, TBO.com, 1999-2004.

Organization Position Status
Media General, Inc. Vice President Current

Vice President since 2006; General Counsel and Secretary since 1993; assistant general counsel Dow Jones & Co. 1982-93; Satterlee & Stephens 1978-82.

Organization Position Status
Media General, Inc. General Counsel, Vice President & Secretary Current
Media General, Inc. Board of Directors Current

Vice President since 1989; president of the Publishing Division; vice president and business manager of Richmond Newspapers Inc. 1984-89; treasurer 1987-89; controller 1973-84; assistant controller 1971-73; chief accountant 1969-71.

Organization Position Status
Media General, Inc. Vice President Current

Corporate Vice President since 2005; director of human resources 1999-2005; manager of human resource systems 1996-99, assistant controller Richmond Times-Dispatch 1992-96; staff auditor and audit manager, Internal Audit Department 1985-92; staff accountant 1983-85.

Organization Position Status
Media General, Inc. Vice President, Human Resources Current
Richmond Times-Dispatch Director, HR Current
Media General, Inc. Director, HR Former

Vice President and director of corporate communications since January 2001; vice president of Reynolds Metals Co. 1998-00; director of corporate communications for Reynolds Metals 1993-00.

Organization Position Status
Media General, Inc. Vice President and Director of Corporate Communications Current
Media General, Inc. Board of Directors Current
James River Writers: Fostering Board of Directors Current

Organization Position Status
Media General, Inc. Vice President Current
NTN Buzztime, Inc. Director Current

Organization Position Status
Media General, Inc. Director, Corp Tax Current
Media General, Inc. Director, Corp Tax Former

Organization Position Status
Media General, Inc. Director, Internal Audit Current
Media General, Inc. Director, Internal Audit Former

Organization Position Status
Media General, Inc. Director, Info Technology Current
Media General, Inc. Director, Info Technology Former

Organization Position Status
Media General, Inc. Manager, Communications Current

Organization Position Status
Media General, Inc. Assistant Controller Current

Organization Position Status
Media General, Inc. Current
Reynolds Metals, Inc. vice president Former
Reynolds Metals, Inc. director of corporate communications Former

Mike Smith grew up on a farm in New Kent, Virginia, just east of Richmond. He attended the College of William and Mary in Williamsburg, VA and graduated in 2000 with a B.S. in Computer Science. During his senior year at W&M, he was discipled by Percy Strickland, who later went on to found Church Hill Activities & Tutoring. Mike moved to Richmond in 2000 and programmed pharmaceutical software for 6 years. For the past 2 years, he has worked for Media General in their Interactive Media department, focusing on website development and search functionality. Mike has been involved with Church Hill Activites & Tutoring since 2004, and has served on the board since 2005. Mike met Ashley Lee while tutoring at CHAT in 2005, and they later went on to marry in 2006. He has attended Peace Hill Christian Fellowship in Charles City County, VA for the past 10 years and played guitar on their worship team. He has recenlty been attending East End Fellowship since it began in February 2008. Among other things, Mike enjoys travelling, playing music, serving others, working on his backyard vegetable garden, spending time with family and friends, and squeezing in a game of disk golf every now and then.

Organization Position Status
Mediagen Current
Media General, Inc. Current
Church Hill Activities & Tutoring Board of Directors Current
Peace Hill Christian Fellowship Former

Organization Position Status
Grove City College Adjunct Professor Current
Eco-Nomics, Inc. John M. Olin Distinguished Professor Current
The John William Pope Center for Higher Education Policy John M. Olin Distinguished Professor of Economics, George Mason University Current
Liberty Watch Professor of Economics at George Mason University Current
Gary A. Johnson Company Web Design Professor Current
George Mason University Faculty Current
Walter E. Williams Current
Lawter Genealogy Current
Media General, Inc. Chairman Current
Americans for Prosperity Illinois Director Current
Afp-NC Director Current
Reason Foundation Board of Directors Current
The Mont Pelerin Society Board of Directors Current
Americans for Prosperity - Oklahoma Director Current
Landmark Legal Foundation Board of Directors Current
Americans for Prosperity Says Kansas Employment Suffers Director Current
The Cato Institute and Co Board of Directors Current
Afp-Va Director Current
Americans for Prosperity Director Current
Media General, Inc. Board of Directors Current
Americans for Prosperity - Michigan Director Current
California State University, Los Angeles Faculty Former
University of California, Los Angeles Ph.D. Degrees In Economics Former
University of California, Los Angeles M.A. Former
California State University B.A. In Economics Former
University of California, Los Angeles Degrees In Economics Former
California State University Degrees In Economics Former

Charles A. Davis has served as a director since our inception. Since June 2005, Mr. Davis has been a member and the Chief Executive Officer of Stone Point Capital LLC. From 1998 until May 2005, he was with MMC Capital, Inc., a subsidiary of Marsh & McLennan Companies, Inc., serving as the Chief Executive Officer from 1999 to 2005 and Chairman from 2002 to 2005. He also served as a Vice Chairman of Marsh & McLennan Companies, Inc. from 1999 to November 2004. Prior to joining MMC Capital in 1998, Mr. Davis spent 23 years at Goldman, Sachs & Co., where, among other positions, he served as head of Investment Banking Services worldwide, head of the Financial Services Industry Group, a General Partner, a Senior Director and a Limited Partner. Mr. Davis also is a director of Media General, Inc., The Hershey Company and The Progressive Corporation.

Organization Position Status
Stone Point Capital LLC Chief Executive Officer Current
Merchants Bancshares, Inc. Board of Directors Current
NYSE Group, Inc. Current
Media General, Inc. Board of Directors Current
The Progressive Corporation Board of Directors Current
Progressive Casualty Insurance Company Board of Directors Current
AXIS Capital Holdings Limited Board of Directors Current
The Hershey Co. Board of Directors Current
MMC Capital, Inc. Chief Executive Officer Former
MMC Capital, Inc. President Former
The Goldman Sachs Group, Inc. Senior Director, and a Limited Partner Former
Goldman, Sachs & Co. Former
MMC Capital, Inc. Chairman Former
Marsh & McLennan Companies, Inc. Director Former
Marsh & McLennan Companies, Inc. Vice Chairman Former
University of Vermont B.A. Former

Director since 2004; Chairman of the Compensation Committee; Member of the Nominating & Governance and Executive Committees; President and Chief Executive Officer of Davenport & Company LLC.

Organization Position Status
Media General, Inc. Board of Directors Current

Mrs. Cantor has served as a Director of the Company since 2005 and has been a member of the Audit Committee for each of those years. She is a Managing Director of New York Private Bank & Trust, the wealth management division of Emigrant Bank. Her position with New York Private Bank & Trust entails the oversight and management of wealth management professionals providing a full range of financial services, including financial, estate and tax planning, investment management and trust services. From 1996 to 2007, she served as the founder and Executive Director of the Virginia College Savings Plan, an independent agency of the Commonwealth of Virginia, and in that capacity actively supervised those charged with the preparation of that agency s financial statements. She also worked closely with the agency s independent auditors in the preparation, audit, analysis and evaluation of the agency s financial and actuarial statements, which are included in the Commonwealth of Virginia s financial reports. She has degrees from the University of Florida (B.S. in Accounting), the University of Miami (M.B.A) and New York University (J.D.). She formerly was an active Certified Public Accountant and is a member of the Virginia, New York and Florida bar associations. She previously was an associate at Kaye, Scholer, Fierman, Hays & Handler and held several positions, including Vice President, at Goldman, Sachs & Co. Mrs. Cantor additionally serves as a director and member of the audit committee of Domino s Pizza, Inc.

Organization Position Status
Virginia College Savings Plan Executive Director Former
Media General, Inc. Board of Directors Current
Talkibie Board of Directors Current
PC Repair Blog Board of Directors Current
Domino's, Inc. Board of Directors Current
Goldman, Sachs & Co. Vice President Former
Virginia College Savings Plan Founder Former
Commonwealth of Virginia Former
University of Miami Degrees Former
New York University Degrees Former
University of Florida Degrees Former

Organization Position Status
Golden Northwest Aluminum Inc. Chief Executive Officer Current
Gravity-Entertainment.Com Director of Gravity Entertainment Current
Haights Cross Communications Inc. Board of Directors Current
Viskase Companies, Inc. Director Current
TelCove Chairman of the Board Current
WCI Steel, Inc. Chairman of the Company's Audit and Compliance Committee Current
Atlas Air Worldwide Holdings Inc. Chairman of the Board Current
Cadence Innovation, LLC. Chairman of the Boards Current
McLeodUSA Incorporated Chairman of the Boards Current
SeraCare Life Sciences, Inc. Chairman of the Board of Directors Current
Haights Cross Communications Inc. Chairman Current
Ballast Point Ventures, L.P. Director Current
Tipperary Corporation Board of Directors Current
Footstar, Inc. Director Current
Oglebay Norton Company Director Current
Media General, Inc. Board of Directors Current
Germantown Maryland Board of Directors Current
Pliant Corporation Director Current
Metals USA, Inc. Director Current
O'Sullivan Industries Holdings, Inc. Director Current
Granite Broadcasting Corporation Director Current
Vanceva Board of Directors Current
Delta Air Lines, Inc. Board of Directors Current
Eagle Geophysical, Inc. Director Current
American Commercial Lines Inc. Director Current
American Commerical Barge Line Co. Director Current
Rural/Metro Corporation Director Current
Medicor, Ltd. Director Current
MOSAID Technologies Incorporated Board of Directors Current
Skydrol Board of Directors Current
Ion Media Networks, Inc. Director Current
Terrestar Corporation Board of Directors Current
Knology, Inc. Director Current
Graceba Total Communications Director Current
Foamex International Inc. Board of Directors Current
Motient Corporation Board of Directors Current
Maryland.Com Board of Directors Current
Sport Supply Group, Inc. Chief Executive Officer Former
Water Tower Capital, LLC Chairman and Chief Executive Officer, Pirinate Consulting Group, L.L.C. Former
PRG-Schultz International, Inc. Chairman and CEO, Pirinate Consulting Group Former
Sport Supply Group, Inc. President Former
Metals USA, Inc. Co-President Former
Emerson Radio Corp. President Former
Emerson Radio Corp. Interim Cfo Former
Emerson Radio Corp. Executive Vice President Former
Arter & Hadden Partner Former
Amoco Corporation International Attorney Former
Standard Oil International Attorney Former
General Chemical Industrial Products Inc. Chair of Board Former
Atlas Air Worldwide Holdings Inc. Director Former
Atari, Inc. Board of Directors Former
McLeodUSA Incorporated Board of Directors Former
TelCove Director Former
Emerson Radio Corp. Director Former
Emerson Radio Corp. Vice Chairman Former
Sport Supply Group, Inc. Vice Chairman Former
Columbia University Law School J.D. Former
Columbia University Doctorate Former
The School Company Master Former
Columbia University Masters of International Affairs Former
Columbia College Bachelor's Degree Former
Columbia University B.A. In International Politics Former

Organization Position Status
Media General, Inc. Director Current

Organization Position Status
Media General, Inc. Director Current

Chairman of the Board since 1990; Chief Executive Officer from 1990-2005; Director since 1974; Chairman of the Executive Committee; President 1990-01; Chief Operating Officer 1989-90; Executive Vice President 1985-90; Publisher of the Richmond Times-Dispatch 1978-2004; Publisher of the Tampa Tribune 1976-78

Organization Position Status
Media General, Inc. Board of Directors Current
Media General, Inc. Chairman & CEO Former

Treasurer since September 25, 2008; assistant treasurer, 2005-08; director of treasury management, 2003-05; vice president and treasurer at SITEL Corp., 2001-03; financial positions with Occidental Petroleum, Nissan Motor Corp. and US Airways, 1982-2001.

Organization Position Status
Media General, Inc. Treasurer Current

Director since 2006; Chairman of the Nominating & Governance Committee; Member of the Compensation and Executive Committees; Dean of the Washington and Lee University School of Law.

Organization Position Status
Media General, Inc. Board of Directors Current

Organization Position Status
The Strategy Company Editor Current
The Sweeney Agency Current
Executive Forum Ltd. Current
Media General, Inc. Board of Directors Current
Innosight LLC President Former
Innosight LLC Partner Former
WorldSpace, Inc. Product Manager Former
The Wall Street Journal Strategy& Innovation Former
McKinsey & Company, Inc. Consultant Former
Aspen Technology, Inc. Strategic Planner Former
Dartmouth College BA In Economics Former

Organization Position Status
TECO Energy, Inc. Board of Directors Current
Media General, Inc. Board of Directors Current
Lykes Bros. Inc. Chief Executive Officer Former
Lykes Bros. Inc. President Former
Lykes Bros. Inc. Chief Operating Officer Former

Executive News

  • Home Sales

    Washington Post - 8/06/09 - View Story

  • WJAR parent posts profit amid ad slump

    Providence Business News - 7/22/09 - View Story

  • Media General Inc. Q2 2009 Earnings Call Transcript

    Seeking Alpha - 7/22/09 - View Story

  • Media General reports profitable 2Q

    Biz Journals - 7/22/09 - View Story

  • UPDATE 2-Media General posts quarterly profit, ad sales fall

    Reuters - 7/22/09 - View Story

  • Media General Reports Second-Quarter 2009 Results

    Stockwatch - 7/22/09 - View Story

  • Media General Reports Second-Quarter 2009 Results

    NewsBlaze - 7/22/09 - View Story

  • Media General generates profit with operational cost cuts

    Tampa Bay Business Journal - 7/22/09 - View Story

  • ESSAY: That Long, Long Road From Idea to Success

    New York Times - 7/05/09 - View Story

  • BRIGHT IDEAS: That Long, Long Road From Idea to Success

    New York Times - 7/05/09 - View Story

  • Dusting Off a Big Idea in Hard...

    BusinessWeek - 6/25/09 - View Story

  • Media General's Board of Directors Appoints New Member Dennis J. FitzSimons

    Interest!ALERT - 6/24/09 - View Story

  • Former Tribune exec Dennis FitzSimons joins Media General board

    Biz Journals - 6/24/09 - View Story

  • FitzSimons Tapped For Media General Board

    Broadcast Newsroom - 6/24/09 - View Story

  • Former Trib CEO Heads to Media General

    Mediaweek - 6/24/09 - View Story

  • Former Tribune exec Dennis FitzSimons joins Media General board

    Tampa Bay Business Journal - 6/24/09 - View Story

  • Media General's Board of Directors Appoints New Member Dennis J. FitzSimons

    Broadcast Newsroom - 6/24/09 - View Story

  • Media General's Board of Directors Appoints New Member Dennis J. FitzSimons

    TradingMarkets - 6/24/09 - View Story

  • Media General's Board of Directors Appoints New Member Dennis J. FitzSimons

    PR Newswire via Yahoo! - 6/24/09 - View Story

  • Google's Management Style Grows Up

    BusinessWeek - 6/23/09 - View Story

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     MEG $7.95 -0.15 (-1.85% )
Average Volume 163,975
Shares Outstanding 22.24M
Market Cap 176.8M
Year High 11.65
Year Low 1.25
Earnings Per Share -6.96
P/E Ratio -1.14
Dividend 0.48
Yield 6.04
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