Shares of newspaper publisher and broadcaster Media General (MEG -22%) were hammered today after...

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

Shares of newspaper publisher and broadcaster Media General (MEG -22%) were hammered today after the company warned on its conference call that it is "uncomfortable with its ability to remain in compliance" with the terms of its loans. The company is seeking to renegotiate terms with its creditors within two weeks. If a solution can't be found, the company faces the possibility of bankruptcy.