Media General/Young merger gets key approvals


Media GeneralBoth shareholders of Media General and the FCC have bestowed their blessings on the merger of Media General and New Young Broadcasting Holding Company, the current name of the former Young group.

According to the FCC analysis of the deal, Media General will be the surviving corporation, although its shareholders will wind up with less overall ownership, getting 31.7% of the merged entity as compared to the 68.3% going to Young shareholders.

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