More on the Media General (MEG)-New Young Broadcasting Holding merger (previous): The deal will...

|About: Media General (MEG)|By:, SA News Editor

More on the Media General (MEG)-New Young Broadcasting Holding merger (previous): The deal will create operating and financing synergies of $25M-$30M to help cash flow in the first year. The pro forma ownership split will be approximately 32.5% Media General shareholders and 67.5% Young shareholders - while the split on the board will favor the old Media General with its nine directors outnumbering Young's five directors.