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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.

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