Business in Brief

1997 Annual Report Index
Annual Report Index


M edia General is an independent, publicly owned communications company situated primarily in the Southeast with interests in newspapers, broadcast and cable television, recycled newsprint production, and diversified information services.
Publishing
Media General owns 21 daily newspapers in Virginia, North Carolina and Florida, as well as more than 100 weekly and other periodicals. The Company also owns a 40 percent interest in Denver Newspapers, Inc., which publishes the Denver (Colorado) Post. To keep pace with the increasing technological sophistication of its readers, Media General also delivers on-line news, information and entertainment services.

Broadcast Television
Media General’s 14 network-affiliated broadcast television stations reach more than 22 percent of the television households in the Southeast, and 5.4 percent of those in the United States. The Company’s stations serve attractive markets throughout the Southeast and are well-positioned to increase market share, revenues and income.

Cable Television
Media General owns cable franchises in Fairfax County and Fredericksburg, Virginia, with a total of more than 250,000 subscribers. Fairfax County is home to one of the most technologically advanced and affluent consumer populations in the country. With its advanced 120-channel, two-way infrastructure, the Fairfax County system expects to benefit from growth in interactive services.

Newsprint
As the largest producer of 100 percent recycled newsprint in the United States, Media General can hedge against newsprint price fluctuations. The Company, which uses a unique de-inking technology, owns a mill in Garfield, New Jersey, with an annual capacity of 240,000 short tons and has one-third ownership of a mill in Dublin, Georgia, with a capacity of 500,000 short tons.

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