And Media General is going to try to achieve these noble characteristics via strategic divestiture. "The decision to explore the potential sale of five stations in a result of our ongoing analysis of our portfolio," said President/CEO Marshall N. Morton. "Any sales would enable Media General to use the proceeds to reduce debt and strengthen our balance sheet."
Here’s what’s for sale, either as a group or piece by piece:
WCWJ-TV Jacksonville FL (CW)
WTVQ-TV Lexington KY (ABC)
WMBB-TV Panama City FL (ABC)
KALB-TV/NALB Alexandria LA (NBC/CBS)
WNEG-TV Toccoa GA (Indy, satellite of WSPA-TV Spartanburg SC)