Media General (NYSE:MEG), one of the nation's largest multimedia companies, announced today that John McCarus, online video pioneer and co-founder of the Digital Content Newfronts, has been named Chief Strategy Officer for its industry-leading digital media business.
"This is an amazing opportunity to join one of the most prominent and respected media companies in the business. Media General is committed to fueling their digital media business for continued growth and success," said Mr. McCarus. "From Federated Media's world-class content marketing solutions to Facebook preferred partner HYFN's award-winning social offerings, to LIN Digital's top-ranking comScore platforms, there is tremendous opportunity ahead. I am eager to integrate, build upon and launch new strategic initiatives that will differentiate our content, distribution and unique product offerings in this rapidly evolving space."The announcement was made on the heels of Media General's merger with LIN Media, which closed on December 19, 2014. "The new Media General is committed to building on its trajectory of strong digital growth and innovation at scale," said Vincent L. Sadusky, Media General's President and Chief Executive Officer. "John has the proven ability to set strategy, lead large teams and harness creative opportunities that will help strengthen our leadership position in the multiscreen marketplace. I am thrilled he has joined our team." Prior to joining Media General, Mr. McCarus was SVP, Social.Content at DigitasLBi, a global marketing and technology agency. He was a key architect in building the agency's content business and led a national team of content strategists and community activators that drove social content innovation across the agency's North American portfolio. During his eight-year tenure, he founded the Digital Content NewFronts - now an industry wide marketplace for original digital video managed by the Interactive Advertising Bureau (IAB). The "Newfronts" as they have come to be known, bring together content creators, distributors, talent, technology partners and brands to harness creative media opportunities in original online video and online brand content. He has also served in executive roles at Conde Nast, Wenner Media and Alliance, the entertainment marketing unit of Grey Group.
About Media GeneralMedia General is one of the nation's largest multimedia companies that operates or services 71 television stations in 48 markets along with the industry's leading digital media business. We offer consumers and advertisers premium quality entertainment and information, content and distribution on every screen. Our robust portfolio of broadcast, digital and mobile products informs and engages 23% of U.S. TV households and 43% of the U.S. Internet audience. Media General has the industry's largest and most diverse digital media business with a growing portfolio that includes LIN Digital, LIN Mobile, HYFN, Dedicated Media, Federated Media and BiteSizeTV. We deliver integrated digital marketing solutions utilizing our comScore Top 15 Video and Top 25 Display market share, as well as the latest in content marketing, video, display and mobile advertising solutions, social intelligence and reporting across all screens. With unmatched local-to-national reach, Media General is a one-stop-shop for agencies and brands that want to effectively and efficiently reach their target audiences on all screens. Media General trades on the NYSE under the symbol "MEG". For more information, visit www.mediageneral.com. Forward Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Media General to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," "increase," "forecast" and "guidance" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are based upon then-current assumptions and expectations and are generally forward-looking in nature and not historical facts. Any statements that refer to outlook, expectations or other characterizations of future events, circumstances or results are also forward-looking statements. There can be no assurance that the expected benefits from the pending merger will be realized on the timetable currently contemplated. Additional risks and uncertainties relating to the pending merger include, but are not limited to, Media General's ability to promptly and effectively integrate the businesses of the two companies, any change in national and regional economic conditions, the competitiveness of political races and voter initiatives, pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations' operating areas, competition from others in the broadcast television markets served by Media General, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events.
A further list and description of important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in Media General's Annual Report on Form 10-K for the year ended December 31, 2013, included under headings such as "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". Other unknown or unpredictable factors could also have material adverse effects on Media General's performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Media General undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.