Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Why Media General Has A Lot More Room To Grow

Media General (NYSE:MEG) has been on a tear over the last couple of years, soaring over 400% in the last 24 months. There have been several reasons for that, including divesting of its newspaper assets by selling them to Warren Buffet's Berkshire Hathaway; merging with New Young Broadcasting, which in the latest earnings report was found to have found better synergies than expected, resulting in millions in savings for the company. Finally, the upcoming acquisition of LIN is expected to propel the company to new heights. That will close in 2015.

This doesn't include the solid organic performance of the company, the favorable ruling with Aereo, the boost in political spend, pricing power with its retransmission fees, or...

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