Harbinger readies for activism with SEC filing; owns 6.6% of Media General

By Lisa Kerner

Charlotte, N.C., Dec. 17 - Media General, Inc. investor Harbinger Capital Partners Master Fund I, Ltd. announced it reserves the right to be in contact with the company's management, board members and other shareholders.

Specifically, Harbinger may discuss alternatives that Media General "could employ to maximize shareholder value" as well as to nominate candidates for election to the board, according to a schedule 13D filing with the Securities and Exchange Commission.

Harbinger beneficially owns 1.45 million shares or 6.6% of the Richmond, Va., communications company.

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