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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 8-K

 

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CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 18, 2008

 

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MEDIA GENERAL, INC.

(Exact name of registrant as specified in its charter)

 

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Commonwealth of Virginia		1-6383		54-0850433
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

333 E. Franklin St., Richmond, VA		23219
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (804) 649-6000

N/A

(Former name or former address, if changed since last report.)

 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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Item 8.01

Other Events

On January 18, 2008, Media General, Inc. issued a release announcing that the Company, along with the other two equal partners, Cox Enterprises, Inc. and The McClatchy Company, has entered into an agreement to sell its one-third partnership interest in SP Newsprint Co. to White Birch Paper Company. The Company expects to generate after-tax proceeds of $37 million to $40 million from the transaction and will use the funds for debt repayment. The partners expect to complete the transaction in the first four months of 2008. A copy of this release is furnished as Exhibit 99.

 

Item 9.01

Financial Statements and Exhibits

 

d)

Exhibits

 

99	Press Release issued by MEDIA GENERAL, INC., January 18, 2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				MEDIA GENERAL, INC.
				(Registrant)
Date January 18, 2008
				/s/ John A. Schauss
				John A. Schauss
				Vice President - Finance and Chief Financial Officer