Media General Explores Newspaper Sell-Off
Late last night, Media General said it is “exploring the potential sale of newspaper operations,” reports Poynter MediaWire.
The company said it had received “inquiries” from “several” third parties regarding the purchase of some of its papers.
According to Poynter media analyst Rick Edmonds, those third parties could be small companies nearby looking to expand, private equity buyers, or well-off individuals (like Warren Buffett). And ” I wouldn’t rule out Halifax Media,” Edmonds added.
Media General currently owns 21 newspapers, including the Tampa Tribune, the Richmond Times-Dispatch, and more.
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