Media General Company Profile (NYSE:MEG)

About Media General

Media General logoMedia General, Inc. is a television broadcasting and digital media company. The Company provides news, information and entertainment in markets across the United States. The Company operates or services 71 network-affiliated broadcast television stations in 48 markets along with the digital media business. The Company's network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. The Company offers consumers and advertisers with entertainment and information, content and distribution on every screen. Its portfolio of broadcast, digital and mobile products informs and engages 23% of United States Television (TV) households and 43% of the United States Internet audience. The Company has the diverse digital media business with a portfolio that includes LIN Digital, LIN Mobile, HYFN, Dedicated Media, Federated Media and BiteSizeTV.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting - TV
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MEG
  • CUSIP:
Key Metrics:
  • Previous Close: $18.51
  • 50 Day Moving Average: $18.71
  • 200 Day Moving Average: $17.98
  • 52-Week Range: $14.81 - $19.28
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.43
  • P/E Growth: -54.44
  • Market Cap: $N/A
  • Beta: 1.64
Profitability:
  • Net Margins: -4.25%
  • Return on Equity: 6.92%
  • Return on Assets: 2.28%
Debt:
  • Debt-to-Equity Ratio: 1.58%
  • Current Ratio: 2.51%
  • Quick Ratio: 2.51%
Additional Links:
Companies Related to Media General:

Analyst Ratings

Consensus Ratings for Media General (NYSE:MEG) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $19.00 (2.65% upside)

Analysts' Ratings History for Media General (NYSE:MEG)
Show:
DateFirmActionRatingPrice TargetDetails
5/9/2016WedbushBoost Price TargetNeutral$18.00 -> $19.00View Rating Details
1/21/2016NomuraLower Price TargetNeutral$15.00 -> $6.00View Rating Details
1/8/2016Benchmark Co.Reiterated RatingBuy$19.00 -> $18.00View Rating Details
1/8/2016GabelliDowngradeBuy -> HoldView Rating Details
1/4/2016Royal Bank Of CanadaReiterated RatingOutperform$12.00View Rating Details
11/18/2015StephensInitiated CoverageEqual Weight$16.00View Rating Details
11/16/2015Evercore ISIDowngradeBuy -> HoldView Rating Details
10/29/2015FirstEnergy CapitalLower Price Target$19.00 -> $18.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Media General (NYSE:MEG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/24/2017        
11/9/2016Q316$0.32($0.53)$404.62 million$377.00 millionViewN/AView Earnings Details
8/5/2016Q2$0.16$0.14$365.85 million$363.00 millionViewN/AView Earnings Details
5/6/2016Q116$0.04($0.20)$340.17 million$343.00 millionViewN/AView Earnings Details
2/26/2016Q415$0.22$0.12$372.72 million$366.00 millionViewListenView Earnings Details
11/5/2015Q315$0.03$0.03$323.13 million$322.00 millionViewN/AView Earnings Details
8/6/2015Q215$0.06$0.01$325.96 million$321.00 millionViewN/AView Earnings Details
5/7/2015Q115($0.03)($0.06)$300.10 million$297.00 millionViewN/AView Earnings Details
2/26/2015Q414$0.31$0.29$192.98 million$217.00 millionViewN/AView Earnings Details
2/5/2015Q414$0.31$0.16$192.98 millionViewN/AView Earnings Details
11/6/2014Q314$0.20$0.15$164.40 million$160.20 millionViewN/AView Earnings Details
8/5/2014Q114$0.16$0.08$153.33 million$154.10 millionViewN/AView Earnings Details
2/27/2014Q413($0.07)$71.40 million$110.00 millionViewListenView Earnings Details
10/31/2013$0.56ViewListenView Earnings Details
8/8/2013Q2 2013($0.35)ViewListenView Earnings Details
1/26/2012$0.54$0.20ViewN/AView Earnings Details
10/19/2011($0.28)($1.32)ViewN/AView Earnings Details
7/20/2011($0.29)($0.68)ViewN/AView Earnings Details
4/20/2011($0.28)($1.15)ViewN/AView Earnings Details
1/27/2011$0.70$0.39ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Media General (NYSE:MEG)
Current Year EPS Consensus Estimate: $-0.17 EPS
Next Year EPS Consensus Estimate: $0.79 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.11$0.11$0.11
Q3 20161$0.35$0.35$0.35
Q4 20161$0.45$0.45$0.45
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Media General (NYSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Media General (NYSE:MEG)
Insider Ownership Percentage: 16.50%
Institutional Ownership Percentage: 90.77%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/15/2016General L.P. StandardDirectorSell794,289$18.35$14,575,203.15View SEC Filing  
12/12/2016Deborah A McdermottVPSell4,545$18.75$85,218.75View SEC Filing  
9/8/2016Deborah A McdermottVPSell4,000$17.90$71,600.00View SEC Filing  
6/21/2016John R MuseDirectorSell7$17.56$122.92View SEC Filing  
6/20/2016John R MuseDirectorSell7,995$17.55$140,312.25View SEC Filing  
6/15/2016John R MuseDirectorSell1,211,478$17.94$21,733,915.32View SEC Filing  
6/13/2016John R MuseDirectorSell83,500$17.70$1,477,950.00View SEC Filing  
3/16/2016Deborah A McdermottCOOSell4,495$16.70$75,066.50View SEC Filing  
3/4/2016General L.P. StandardMajor ShareholderSell7,000,000$16.51$115,570,000.00View SEC Filing  
3/2/2016James F WoodwardCFOSell1,431$16.87$24,140.97View SEC Filing  
3/2/2016Vincent L SaduskyCEOSell16,288$16.87$274,778.56View SEC Filing  
2/29/2016Andrew C CaringtonVPSell1,323$16.38$21,670.74View SEC Filing  
2/29/2016Deborah A McdermottCOOSell4,892$16.38$80,130.96View SEC Filing  
2/29/2016Timothy J MulvaneyCAOSell288$16.38$4,717.44View SEC Filing  
12/17/2014James R ConschafterVPSell12,333$17.00$209,661.00View SEC Filing  
9/2/2014Timothy J MulvaneyCAOSell2,533$15.52$39,312.16View SEC Filing  
12/12/2013Marshall N MortonChairmanSell41,214$21.38$881,155.32View SEC Filing  
8/27/2013Marshall N MortonChairmanSell27,437$10.42$285,893.54View SEC Filing  
8/14/2013John R CottinghamVPSell6,000$10.28$61,680.00View SEC Filing  
8/13/2013Marshall N MortonChairmanSell75,907$10.54$800,059.78View SEC Filing  
10/24/2012Coleman Wortham IIIDirectorBuy18,000$4.25$76,500.00View SEC Filing  
9/24/2012Wyndham RobertsonDirectorBuy10,000$5.16$51,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Media General (NYSE:MEG)
DateHeadline
thestreet.com logoBids in Groundbreaking Wireless Spectrum Auction Top $18 Billion (NYSE:MEG)
www.thestreet.com - January 25 at 5:23 AM
News IconNexstar Broadcasting Group acquires Media General (NYSE:MEG)
www.financial-news.co.uk - January 20 at 7:15 PM
News IconNexstar Broadcasting completes acquisition of Media General (NYSE:MEG)
www.lasvegasnow.com - January 17 at 11:58 PM
News IconMedia General (NYSE:MEG) Close to Lift Curtain on June 2016 Earnings (NYSE:MEG)
myhealthbowl.com - January 17 at 11:58 PM
bizjournals.com logoIrving company completes $4.6B merger, becomes 2nd largest TV broadcaster (NYSE:MEG)
www.bizjournals.com - January 17 at 11:58 PM
News IconNexstar Broadcasting Group Completes Acquisition Of Media General (NYSE:MEG)
www.keloland.com - January 17 at 6:51 PM
News IconPandora Media, Inc. (P) PT Set at $15.00 by FBN Securities (NYSE:MEG)
vouxmagazine.com - January 17 at 6:51 PM
streetinsider.com logoNexstar Broadcasting (NXST) Completes Acquisition of Media General (MEG) (NYSE:MEG)
www.streetinsider.com - January 17 at 6:51 PM
finance.yahoo.com logoNexstar Broadcasting Group Completes Acquisition of Media General Creating Nexstar Media Group, the Nation’s Second Largest Television Broadcaster (NYSE:MEG)
finance.yahoo.com - January 17 at 6:51 PM
biz.yahoo.com logoMEDIA GENERAL INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Completion of Acquisition or Di (NYSE:MEG)
biz.yahoo.com - January 17 at 6:51 PM
seekingalpha.com logoGray Television, Graham Media buy stations in Nexstar/Media General deal (NYSE:MEG)
seekingalpha.com - January 17 at 6:21 PM
seekingalpha.com logoNexstar closes $4.6B Media General deal, creating No. 2 broadcaster (NYSE:MEG)
seekingalpha.com - January 17 at 5:57 PM
News IconIndiana TV Stations Part of Multi-Billion Dollar Deal (NYSE:MEG)
www.insideindianabusiness.com - January 13 at 12:03 AM
seekingalpha.com logoNexstar, Media General sharply higher as FCC approves merger (NYSE:MEG)
seekingalpha.com - January 11 at 1:18 PM
finance.yahoo.com logoBlog Coverage Media General Withdrew Change of Control Offer (NYSE:MEG)
finance.yahoo.com - December 29 at 9:13 AM
publicnow.com logoDecember 28, 2016 Media General Announces Withdrawal of Change of Control Offer (NYSE:MEG)
www.publicnow.com - December 28 at 6:25 PM
streetinsider.com logoMedia General (MEG) Subsidiary LIN Television Withdrawals Change of Control Offer (NYSE:MEG)
www.streetinsider.com - December 28 at 10:23 AM
finance.yahoo.com logoMedia General Announces Withdrawal of Change of Control Offer (NYSE:MEG)
finance.yahoo.com - December 28 at 10:23 AM
feeds.reuters.com logoBRIEF-Media General announces withdrawal of change of control offer (NYSE:MEG)
feeds.reuters.com - December 28 at 9:07 AM
publicnow.com logoDecember 22, 2016 Media General Announces Extension of Change of Control Offer (NYSE:MEG)
www.publicnow.com - December 22 at 6:49 PM
seekingalpha.com logoAmid low uptake, Media General extends note purchase offer again (NYSE:MEG)
seekingalpha.com - December 22 at 12:48 PM
News IconMedia General Inc (NYSE:MEG) Ratings Coverage (NYSE:MEG)
www.whatsonthorold.com - December 13 at 6:55 PM
seekingalpha.com logoMedia General extends LIN Television note purchase offer (NYSE:MEG)
seekingalpha.com - December 8 at 2:03 PM
publicnow.com logoDecember 1, 2016 Media General Announces Extension Of Change Of Control Offer (NYSE:MEG)
www.publicnow.com - December 1 at 6:27 PM
finance.yahoo.com logoMedia General Announces Extension of Change of Control Offer (NYSE:MEG)
finance.yahoo.com - December 1 at 9:39 AM
feeds.reuters.com logoBRIEF-Media General announces extension of change of control offer (NYSE:MEG)
feeds.reuters.com - December 1 at 8:31 AM
News IconShould You Add Media General, Inc. (MEG) to Your Portfolio? (NYSE:MEG)
feedproxy.google.com - November 28 at 7:43 AM
realistinvestor.com logoResearch Analysts Set Media General, Inc. (NYSE:MEG) Price Target at $19 (NYSE:MEG)
www.realistinvestor.com - November 21 at 6:36 PM
realistinvestor.com logoAnalysts Specifies Media General, Inc. (NYSE:MEG) Price Target at $19 (NYSE:MEG)
www.realistinvestor.com - November 15 at 9:47 AM
realistinvestor.com logoPrice Target For Media General, Inc. (NYSE:MEG) Is Set As $19 By Research Analysts (NYSE:MEG)
www.realistinvestor.com - November 14 at 10:11 AM
marketexclusive.com logoMedia General, Inc. (NYSE:MEG) Files An 8-K Announces Record Third Quarter 2016 Results (NYSE:MEG)
marketexclusive.com - November 9 at 5:55 PM
nasdaq.com logoMedia General Q3 Loss Widens - Quick Facts (NYSE:MEG)
www.nasdaq.com - November 9 at 8:24 AM
finance.yahoo.com logoMedia General, Inc. Announces Record Third Quarter 2016 Results (NYSE:MEG)
finance.yahoo.com - November 9 at 8:24 AM
sg.finance.yahoo.com logoMedia General reports 3Q loss (NYSE:MEG)
sg.finance.yahoo.com - November 9 at 8:24 AM
mysmartrend.com logo25.7% Return Seen to Date on SmarTrend Media General Call (MEG) (NYSE:MEG)
www.mysmartrend.com - October 26 at 9:28 AM
finance.yahoo.com logoMedia General to Report Third Quarter 2016 Earnings Results on November 9, 2016 (NYSE:MEG)
finance.yahoo.com - October 26 at 9:28 AM
publicnow.com logoOctober 26, 2016 Media General to Report Third Quarter 2016 Earnings Results on November 9, 2016 (NYSE:MEG)
www.publicnow.com - October 26 at 9:28 AM
mysmartrend.com logoShares of MEG Up 29.6% Since Uptrend Call on Shares (NYSE:MEG)
www.mysmartrend.com - October 18 at 5:59 PM
finance.yahoo.com logoNew Strong Sell Stocks for October 18th (NYSE:MEG)
finance.yahoo.com - October 18 at 11:21 AM
capitalcube.com logoMedia General, Inc. breached its 50 day moving average in a Bearish Manner : MEG-US : October 17, 2016 (NYSE:MEG)
www.capitalcube.com - October 17 at 11:07 AM
News IconUpdate on Media General, Inc. (NYSE:MEG) for the day (NYSE:MEG)
twincountynews.com - October 15 at 10:49 AM
mysmartrend.com logoUptrend Call Working As Media General Stock Rises 34.4% (MEG) (NYSE:MEG)
www.mysmartrend.com - October 11 at 6:21 PM
seekingalpha.com logoWith FCC tied up in auction, Nexstar's Sook eager to wrap Media General deal (NYSE:MEG)
seekingalpha.com - October 6 at 8:42 PM
finance.yahoo.com logoDid Disney's Shanghai Theme Park Surpass Expectations? (NYSE:MEG)
finance.yahoo.com - October 6 at 5:55 PM
nasdaq.com logoWall Street Abuzz with Rumors: Will Disney Acquire Netflix? (NYSE:MEG)
www.nasdaq.com - October 4 at 10:52 AM
finance.yahoo.com logoTime Warner (TWX) Banks on Strategic Efforts for Growth (NYSE:MEG)
finance.yahoo.com - September 29 at 6:02 PM
seekingalpha.com logoNexstar locks down $2.75B loan, key piece in Media General buyout (NYSE:MEG)
seekingalpha.com - September 27 at 8:27 PM
mysmartrend.com logoMedia General Up 31.5% Since SmarTrend Uptrend Call (MEG) (NYSE:MEG)
www.mysmartrend.com - September 24 at 5:36 PM
capitalcube.com logoMedia General, Inc. – Value Analysis (NYSE:MEG) : September 22, 2016 (NYSE:MEG)
www.capitalcube.com - September 22 at 5:51 PM
capitalcube.com logoMedia General, Inc. breached its 50 day moving average in a Bearish Manner : MEG-US : September 21, 2016 (NYSE:MEG)
www.capitalcube.com - September 21 at 10:12 AM

Social

What is Media General's stock symbol?

Media General trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEG."

Where is Media General's stock going? Where will Media General's stock price be in 2017?

1 brokerages have issued 1 year price objectives for Media General's stock. Their predictions range from $19.00 to $19.00. On average, they anticipate Media General's stock price to reach $19.00 in the next twelve months.

When will Media General announce their earnings?

Media General is scheduled to release their next quarterly earnings announcement on Friday, February, 24th 2017.

Who owns Media General stock?

Media General's stock is owned by a number of of retail and institutional investors. Top institutional investors include Gamco Investors INC. ET AL (0.00%), Dimensional Fund Advisors LP (0.00%), Gabelli Funds LLC (0.00%), Alyeska Investment Group L.P. (0.00%), Glenhill Advisors LLC (0.00%) and Pentwater Capital Management LP (0.00%). Company insiders that own Media General stock include Andrew C Carington, Deborah A Mcdermott, General LP Standard, James F Woodward, John R Muse, Timothy J Mulvaney and Vincent L Sadusky.

Who sold Media General stock? Who is selling Media General stock?

Media General's stock was sold by a variety of institutional investors in the last quarter, including Glenhill Advisors LLC, Davidson Kempner Capital Management LP, CNH Partners LLC, Gamco Investors INC. ET AL, Westchester Capital Management LLC, Tudor Investment Corp Et Al, Gabelli Funds LLC and Teton Advisors Inc.. Company insiders that have sold Media General stock in the last year include Andrew C Carington, Deborah A Mcdermott, General LP Standard, James F Woodward, John R Muse, Timothy J Mulvaney and Vincent L Sadusky.

Who bought Media General stock? Who is buying Media General stock?

Media General's stock was acquired by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Oxford Asset Management, Pentwater Capital Management LP, GLG Partners LP, Vertex One Asset Management Inc., State Street Corp, Russell Investments Group Ltd. and Marshall Wace LLP.

How do I buy Media General stock?

Shares of Media General can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Media General stock cost?

One share of Media General stock can currently be purchased for approximately $18.51.

Media General (NYSE:MEG) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Media General (NYSE:MEG)

Earnings History Chart

Earnings by Quarter for Media General (NYSE:MEG)

Dividend History Chart

Dividend Payments by Quarter for Media General (NYSE:MEG)

Last Updated on 2/19/2017 by MarketBeat.com Staff