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Harbinger continues to sell shares of Media General, reduces interest to 14.40%
By Lisa Kerner
Charlotte, N.C., Nov. 24 - Investors led by Harbinger Capital Partners Special Situations Fund, LP sold 250,000 shares of Media General, Inc. on Nov. 21 for $1.4641 each.
The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.
In a prior SEC filing, Harbinger reported the sale of 255,500 shares of Media General on Nov. 19 and Nov. 20 priced from $2.10 to $3.3569 each.
Harbinger beneficially owns approximately 3.19 million shares, or 14.40%, of the Richmond, Va., communications company.
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