Media General Expected to Issue Layoffs

By Andrew Gauthier 

Media General is expected to begin issuing layoffs next week across its news entities, which include 18 TV stations and 21 daily newspapers.

According to Eric Deggans of the St. Petersburg Times, Media General has informed employees that layoffs are coming at the company’s Florida news platforms, including the Tampa Tribune and NBC-affiliate WFLA.

In April, Media General reported a slight decline in first quarter revenue from its TV stations, but overall the company suffered a net loss of $25.8 million for the quarter.

So far Media General has not returned TVSpy’s requests for comment. A source tells Deggans, though, that the company will not cut “boots on the street.”