Media General suspends dividend

By Angela McDaniels

Tacoma, Wash., Jan. 29 - Media General, Inc. said that due to the uncertain economic outlook, its board of directors has decided to suspend the dividend on the company's class A and class B shares.

"While we regret having to take this action, this allows the company to direct additional cash flow to the reduction of our debt," Marshall N. Morton, president and chief executive officer, said in a company news release.

Media General provides local news, information and entertainment over multiple media platforms. It is based in Richmond, Va.

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