Media General Files Notice of 2009 Annual Meeting and Proxy Statement; Scott D. Anthony Nominated to Board of Directors
13 März 2009 - 1:45PM
PR Newswire (US)
RICHMOND, Va., March 13 /PRNewswire-FirstCall/ -- Media General
(NYSE: MEG) today filed its Notice of 2009 Annual Meeting and Proxy
Statement with the Securities and Exchange Commission (SEC). Scott
D. Anthony, president of Innosight LLC, a consulting firm
specializing in strategies for growth through innovation, has been
nominated to stand for election to the Board of Directors at the
Annual Meeting of Shareholders on April 23, 2009. Mr. Anthony is
well known in the media industry. In 2005-2006, he spearheaded a
major project with the American Press Institute to help the
newspaper industry address the challenges of transformation spurred
by technology and changing customer preferences. He helped create
the Newspaper Next process for researching and testing viable new
business models. Media General was one of six companies selected
for pilot projects when Newspaper Next was introduced. "Innovation
is critical to Media General as we transform our business in the
digital world," said Marshall N. Morton, president and chief
executive officer. "We are delighted that Scott Anthony has agreed
to serve on the Board of Directors as we work to take full
advantage of the opportunities presented by the Internet and the
mobile frontier. Media General had an early recognition of the
power of the Internet and we look forward to having Scott's insight
as we accelerate our initiatives for online and mobile services
growth." Media General directors standing for re-election to the
Board are: J. Stewart Bryan III, chairman; O. Reid Ashe, Jr., Diana
F. Cantor, Marshall N. Morton, Thompson L. Rankin, Rodney A.
Smolla, Walter E. Williams and Coleman Wortham III. Three directors
nominated in 2008 by Harbinger Capital Partners were not
re-nominated by the Board. Harbinger Capital Partners is no longer
a significant shareholder of Media General. Mr. Anthony, 34, serves
as a consultant to a number of Fortune 500 and start-up companies.
He was a partner at Innosight from 2003 to 2005, was named managing
director in 2006 and became the firm's president in 2007. He has
written three books on innovation and is a featured speaker on the
topics of growth and innovation. Mr. Anthony has also worked for
McKinsey & Co., Aspen Technology, WorldSpace Corporation and
Harvard Professor Clayton Christensen. He received a BA in
economics from Dartmouth College and an MBA from Harvard Business
School. Media General said that it is taking advantage this year of
the SEC's "Notice and Access Rule" that allows companies to furnish
proxy materials to shareholders using the Internet. The "e-proxy"
approach aligns with the company's business moving into the digital
world, reduces overall expense and supports the environment. The
Annual Meeting will be held on April 23, 2009 at 11 a.m. at the
Richmond Newspapers Production Facility, 8460 Times-Dispatch Blvd.,
Mechanicsville, Va. The Notice of Annual Meeting, Proxy Statement
and 2008 Annual Report have been posted to the company's Web site
at http://www.mediageneral.com/. In addition, the company has
posted its annual video report to employees on its Web site so that
interested shareholders, reporters and others may have the
opportunity to hear senior management discuss the many ways Media
General is facing the challenges of the global recession and
positioning the company for improved future performance and
success. About Media General Media General is a leading provider of
local news, information and entertainment over multiple media
platforms. The company serves markets primarily in the Southeastern
United States. Media General publishes 24 daily newspapers,
including The Tampa Tribune, Richmond Times-Dispatch, and
Winston-Salem Journal; and community newspapers in Virginia, North
Carolina, Florida, Alabama and South Carolina; plus more than 250
weekly newspapers and other targeted publications. The company owns
and operates 19 network-affiliated television stations that reach
approximately 30 percent of the television households in the
Southeast and nearly 9 percent of those in the United States. The
company's interactive media operations include Web sites and
portals that are associated with each of its newspapers and
television stations as well as with many specialty publications,
and two growing interactive advertising services companies,
Blockdot, Inc. and DealTaker.com. DATASOURCE: Media General
CONTACT: Investors, Lou Anne Nabhan, +1-804-649-6103, or Media, Ray
Kozakewicz, +1-804-649-6748, both of Media General Web Site:
http://www.mediageneral.com/
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