Media General lays off 75 in Va. corporate office

AP News
Posted: Jul 31, 2012 5:31 PM
Media General lays off 75 in Va. corporate office

RICHMOND, Va. (AP) — Media General Inc. has cut 75 positions at its corporate offices in Richmond.

The reductions announced Tuesday amount to about a third of its headquarters staff. They come a month after the company completed the sale of 63 of its newspapers and publications in Virginia, North Carolina, South Carolina and Alabama to Warren Buffet's Berkshire Hathaway Inc. The $142 million deal left Media general with 18 television stations and digital media operations.

Company spokeswoman Lou Anne Nabhan tells the Richmond Times-Dispatch ( ) the cuts affected every department, leaving the company with about 140 corporate employees. The Times-Dispatch was one of the publications sold in the deal.

In a letter to employees, Media General President and Chief Executive Officer Marshall N. Morton said the cuts were necessary for the smaller, more focused company.