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Media General shareholder Harbinger Capital sells 774,460 shares
By Lisa Kerner
Charlotte, N.C., Dec. 9 - Investors led by Harbinger Capital Partners Master Fund I, Ltd. sold 774,460 shares of Media General, Inc. on Dec. 5 and Dec. 8 priced from $1.4507 to $1.7704 each.
With the sale, Harbinger cuts its ownership interest to 6.89% from 10.38%.
The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.
On Nov. 26 and Dec. 4, Harbinger sold 288,107 shares of Media General priced from $1.60 to $1.76 each, a prior SEC filing said.
The investors beneficially own approximately 1.53 million shares of the Richmond, Va., communications company.
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