A copy of the new credit agreement will be available later today on the company's Website www.mediageneral.com as an SEC Form 8-K filing posted to the Investor Relations section.
Media General plans to file its 2011 Annual Report on Form 10-K on March 22, 2012.
Bank of America served as administrative agent on the transaction, and the Peter J. Solomon Company served as strategic advisor. J.P. Morgan will advise Media General on the issuance of new notes.
Forward-Looking Statements This news release contains forward-looking statements that are subject to various risks and uncertainties and should be understood in the context of the company's publicly available reports filed with the Securities and Exchange Commission. Media General's future performance could differ materially from its current expectations.About Media GeneralMedia General is a leading provider of news, information and entertainment across multiple media platforms, serving consumers and advertisers in strong local markets, primarily in the Southeastern United States. The company is transforming itself over time to a digital media model, while continuing to effectively manage its larger, cash producing broadcast television and print platforms. Media General's operations are organized in five geographic market segments and a sixth segment that includes the company's interactive advertising services and certain other operations. The company's operations include 18 network-affiliated television stations and their associated websites and 23 newspapers and their associated websites. Media General operates three digital media advertising services companies: Blockdot, a specialty digital agency; DealTaker.com, a shopping website; and NetInformer, a wireless marketing services provider. SOURCE Media General, Inc.