FOR IMMEDIATE RELEASE
Friday, May 28, 2004
Media General Class B Stockholders Approve Three Proposals
RICHMOND, Va. – Class B Stockholders of Media General (MEG: NYSE) at a special meeting today voted to approve three proposals recommended by the company’s Board of Directors.
The proposals approved were: (1) an amendment to the Articles of Incorporation involving the indemnification of directors and officers; (2) a new By-law involving the personal liability of directors and officers; and (3) approval of the Media General, Inc., Amended and Restated Supplemental 401(k) Plan, as required by the rules of the New York Stock Exchange for such plans.
Each of the proposals was described in a Notice of Special Meeting and Proxy Statement mailed to all Media General stockholders on May 3, 2004.
About Media General
Media General is an independent communications company situated primarily in the Southeast with interests in newspapers, television stations and interactive media. The company’s publishing assets include The Tampa Tribune, the Richmond Times-Dispatch, the Winston-Salem Journal and 22 other daily newspapers in Virginia, North Carolina, Florida, Alabama and South Carolina, as well as nearly 100 other periodicals and a 20 percent interest in The Denver Post. Media General’s 26 network-affiliated television stations reach more than 30 percent of the television households in the Southeast and nearly 8 percent of those in the United States. The company’s interactive media offerings include more than 50 online enterprises. Media General also has a 33 percent interest in SP Newsprint Co., which operates newsprint mills in Dublin, Ga., and Newberg, Ore.
Investor Contact:
Lou Anne Nabhan
(804) 649-6103
Media Contact:
Ray Kozakewicz
(804) 649-6748
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