Blog Post

Media General Also Says No To Harbinger Nominees

Harbinger’s move against Media General (NYSE: MEG) hasn’t got as much attention as its efforts at The New York Times Company, in part because the group hasn’t been upping its stake on a seemingly daily basis and also because, well, it’s Media General and not the New York Times (NYSE: NYT). Not surprisingly at all, the newspaper publisher is urging its shareholders to ignore the group’s proposed board slate. From the company’s preliminary proxy filed today: “ * * * CAUTION * * * MEDIA GENERAL HAS RECEIVED A NOTICE FROM HARBINGER CAPITAL PARTNERS MASTER FUND, A CAYMAN ISLANDS HEDGE FUND, AND AN AFFILIATE, SEEKING TO NOMINATE THREE INDIVIDUALS FOR ELECTION TO MEDIA GENERAL