Media General 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 18, 2008
MEDIA GENERAL, INC.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code (804) 649-6000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On January 18, 2008, Media General, Inc. issued a release announcing that the Company, along with the other two equal partners, Cox Enterprises, Inc. and The McClatchy Company, has entered into an agreement to sell its one-third partnership interest in SP Newsprint Co. to White Birch Paper Company. The Company expects to generate after-tax proceeds of $37 million to $40 million from the transaction and will use the funds for debt repayment. The partners expect to complete the transaction in the first four months of 2008. A copy of this release is furnished as Exhibit 99.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.