The FCC Friday approved Media General's planned merger with New Young Broadcasting Holding Co. The companies plan to close the deal Nov. 12, a Media General release says.
On Thursday, Media General's shareholders approved the deal, which was first announced in June. Significantly for the company, the merger means it will soon own WRIC-TV in Richmond, where the company will remain based after the merger. FCC rules once prevented Media General from owning a television station in Richmond, as it used to own the Richmond Times-Dispatch. (more...)