Media General CEO opens up about Times-Dispatch sale
By Michael Schwartz
RICHMOND, Va. (RichmondBizSense.com) – The deal to sell Richmond’s main newspaper took shape quickly.
Media General, The Times-Dispatch’s parent company, needed two things: to sell its newspapers and to refinance hundreds of millions of dollars in debt with a looming due date.
Marshall Morton, who has been at the helm of the Richmond-based media company since 2005, never dreamed that one company would meet both needs.