Media General shareholder Harbinger Capital continues to cut stake

By Lisa Kerner

Charlotte, N.C., Nov. 26 - Investors led by Harbinger Capital Partners Master Fund I, Ltd. sold 605,489 shares of Media General, Inc. on Nov. 24 and Nov. 25 priced from $1.6000 to $1.9200 each.

The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.

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 in a prior SEC filing.

The investor beneficially owns approximately 2.59 million shares, or 11.67%, of the Richmond, Va., communications company.

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