Use access key #2 to skip to page content.
$11.77 0.83 (7.59%)
7/8/2008 4:05 PM

Media General, Inc. (MEG)

CAPS Rating:
*

An independent, publicly owned communications company situated in the Southeast with interests in newspapers, television stations, and interactive media.

X

Rating a stock in CAPS consists of three components:

Your call - Will this stock outperform or underperform the S&P 500? Successful picks are measured in terms of whether or not you were correct and by how many percentage points.

Your time frame - A guideline for other players to see whether your thinking is short or long-term. Time frame is also used to calculate the stock rating, but is not used in the scoring of your pick.

Your pitch - Here's your chance to offer more detailed thoughts, analysis, concerns, or the rationale behind your call. The pitch is optional and may be added later.

Each time you rate a stock, CAPS updates the community intelligence for the company, which may or may not change its CAPS rating. For more information, visit the Help tab at the top of the page.

You aren't currently rating MEG

Add Stock to Watchlist

What the Community Thinks Add a widget featuring this stock to your blog!

Total Players

20 Outperforms
37 Underperforms
 

All-Stars

4 Outperforms
27 Underperforms
 

Players bullish on MEG are also bullish on:

Players bearish on MEG are also bearish on:

Ticker Tags

Publishing - Newspapers (18), Micro Cap (4824)
Suggest a tag

Media General, Inc. At A Glance

Current Price: $11.77
Last Trade Time: 7/8/2008 4:05 PM
Open: $11.15
Previous Close: $10.94
Daily Range: $10.83 - $11.85
52-Week Range: $10.70 - $34.62
Volume: 165,197
Market Cap: $244.01M
P/E Ratio: 39.07
Compare Our Special Broker Offers!

Stock Trends

MEG VS S&P 500 (SPY)

MEG 12 month chart vs. S&P

News & Discussion Boards

Top Bull Pitch

Recs

1

Media General, Inc. (MEG)

Avatar RobertSheard (76.84) Submitted: 7/11/06 3:38 PM

A turn-around play. MEG has slid from the 70s down to the 30s in the past year and looks to be turning the corner.

Replies: 0 | Reply | Permalink

Top Bear Pitch

Recs

1

Media General, Inc. (MEG)

Avatar OOji (100.00) Submitted: 5/17/08 4:30 PM

May bounce at, say, $8?.

Replies: 0 | Reply | Permalink

CAPS Players

picks per page. CHANGE

Results 1 - 5 of 7 :   1 2 Next »

Recs

0

 (MEG)

Avatar SapphireSeas (81.75) Submitted: 7/02/08 5:31 AM : Underperform Start Price: $12.50 MEG Score: 4.49

Unlike Gannett [GCI], Media General [MEG] is NOT in a favorable position as print newspaper businesses continue to take it on the chin. Decreasing circulation and readership, along with flight of advertising capital, sets the pace for what will likely be a massive and lengthy consolidation period for the industry. This boad declining trend in hard copy circulation is gut punching - and will eventually re-mold - the entire sector.





Media General's print interests and exposure to poor Florida real estate ventures are going to continue massacring it's bottom line in the near term and it is anyone's guess whether revenue from the sale of hard assets such as five soon-to-be-divested television stations will keep them afloat with ~$60M debt still weighing down their books.





Better positioned than some print publishers operating without diversified revenue streams, keep your eyes on [MEG] for value investing somewhere over the next 12 - 24 months...but beware Corporate raiders.





----------------------- AP, 6/29/2008----------------------


"Newspapers, reeling from slumping ads, slash jobs"





Even for an industry awash in bad news, the newspaper business went through one of its most severe retrenchments in recent memory last week.





Half a dozen newspapers said they would slash payrolls, one said it would outsource all its printing, and Tribune Co., one of the biggest publishers in the country, said it might sell its iconic headquarters tower in Chicago and the building that houses the Los Angeles Times.





The increasingly rapid and broad decline in the newspaper business in recent months has surprised even the most pessimistic financial analysts, many of whom say it's too hard to tell how far the slump will go.





"They're in survival mode now," said Mike Simonton, a media analyst at Fitch Ratings, a credit analysis agency.





"We had very grim expectations for the sector," Simonton said, and publishers have either met or surpassed his estimates for how bad the results would be.





Last week alone, deep staff cuts were announced at The Hartford Courant and The (Baltimore) Sun _ two Tribune papers _ as well as at The Palm Beach Post and the Daytona Beach-Journal, while The Detroit News and Detroit Free Press said they hoped to reduce the head count in their joint operations by 7 percent through buyouts. The Boston Herald said up to 160 employees would be laid off as it outsourced its printing operations, and in a memo explaining the terms of its job security pledge, the Star-Ledger in Newark, N.J., said it is operating in the red. The week before, McClatchy Co. said companywide staff cuts of 10 percent were coming.





Tribune, meanwhile, told its employees Wednesday that it hoped to wring more value out of its "underutilized" real estate in Chicago and Los Angeles, extending an asset-selling program Tribune is pursuing to service a $13 billion debt load, much of which it took on from going private.





Tribune has already reached a deal to sell one of its largest newspapers, Long Island-based Newsday, but ran into delays early this month in liquidating Wrigley Field, where the Chicago Cubs play, when negotiations for the field's purchase by a state agency broke down over financing. Tribune is also moving to sell the Cubs.





Tribune has enough money to meet its debt requirements this year, bond analysts have said, but it must make headway on asset sales in order to meet its obligations in 2009.





Tribune's troubles reflect broader problems in the industry, where a deepening economic downturn is worsening losses from a long-term shift away from print advertising toward online, especially in classified categories like help wanted, autos and real estate, where rivals such as Craigslist, Move.com and AutoTrader.com are thriving.





Advertising is by far the most important source of revenue for newspapers. And in the first quarter, their overall ad revenue slumped 12.9 percent, led by a 24.9 percent drop-off in classifieds, compared with the same period a year earlier.





In fact, the industry group that compiles and releases ad revenue figures, the Newspaper Association of America, this month stopped putting out quarterly press releases with the numbers, though it quietly updated them on its Web site.





NAA spokeswoman Sheila Owens said in an e-mailed statement that the organization will now put out press releases only with full-year data "to keep the market focused on the longer-term industry transition from print to a multiplatform medium."





Some say complacency in the industry about the threat the Internet posed is to blame for the current quagmire.





Speaking on the CNBC business news cable channel Friday, Sam Zell, the real estate magnate who is now Tribune's CEO, said newspapers have historically been "monopolies" in their local markets and "insulated from reality," according to a transcript of his remarks provided by CNBC.





Going forward, if ad revenues continue to slide rapidly, companies including Journal Register Co., MediaNews Group Inc. and _ in the absence of further asset sales _ Tribune could then risk violating their loan terms, said Emile Courtney, a media industry credit analyst for Standard & Poor's.





Already, just two major publishers have investment-grade debt under S&P's ratings _ Gannett Co. and The New York Times Co. The industry is divided between them and "everybody else," Courtney said.





Given the current poor climate for the business, he said: "I have doubts banks will be as willing as they were in the past to waive or amend covenants."


Report this Post Replies: 0 | Reply | Permalink

Recs

0

 (MEG)

Avatar beachboi (< 20) Submitted: 5/20/08 12:27 PM : Outperform Start Price: $14.72 MEG Score: -9.73

new directors added with goal of enhancing stockholder value

Report this Post Replies: 0 | Reply | Permalink

Recs

0

 (MEG)

Avatar OmegaMan03 (57.62) Submitted: 3/11/08 1:09 PM : Underperform Start Price: $14.50 MEG Score: 17.13

Way too much housing related exposure

Report this Post Replies: 0 | Reply | Permalink

Recs

0

 (MEG)

Avatar OmegaManThe (92.92) Submitted: 3/10/08 7:49 PM : Underperform Start Price: $14.78 MEG Score: 17.66

Another dying newspaper

Report this Post Replies: 0 | Reply | Permalink

Recs

0

 (MEG)

Avatar WPThatcher (89.00) Submitted: 3/09/08 9:32 AM : Underperform Start Price: $14.93 MEG Score: 19.13

Newspapers are dying. This company is the most expensive according to P/E in the group.

Report this Post Replies: 0 | Reply | Permalink

Results 1 - 5 of 7 :   1 2 Next »

Wall Street

There are no Wall Street player picks.

X

Beat this Stock

Clicking "Beat this Stock!" will bring you to a company with a higher rating than the one you're currently viewing.

Even though CAPS shows only one- to five-star rankings, behind the scenes, all companies in CAPS have a distinct numerical ranking. In other words, there is a No. 1 stock in CAPS and a worst-ranked stock in CAPS. When you arrive at the top-ranked stock, clicking "Beat this Stock!" will cause the page to refresh.

That is, until there is a new No. 1 stock!

These companies do not represent formal Motley Fool recommendations. Please do your own due diligence before investing. Fool on.

Featured Broker Partners