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Media General Consolidates Copy Editing, Page Design at 3 Metro Papers

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Media General Inc. said today in a press release published on Romenesko that it will consolidate copy editing and page design for its three metro newspapers, The Tampa (Fla.) Tribune, Richmond (Va.) Times-Dispatch and Winston-Salem (N.C.) Journal.

The consolidated metro editing and design operation will have two groups, one in Tampa, Fla., and one in Richmond, Va. The operation will be led by a single managing editor located at the Richmond facility. Each of the two groups will have primary responsibility for particular sections and pages for all three metro newspapers. The next steps are to select the managing editor, install common production software and establish common design elements that will facilitate production efficiencies. The consolidated operation is expected to start up in the third quarter of this year.

The metro operation will be the third of its kind for Media General. The first became operational in Lynchburg , Va. , in April 2009. The second started up in Hickory , N.C. , in October, 2009. At this time, 12 of Media General’s 23 metro and community newspapers are either part of or transitioning to a consolidated editing and design operation. The company expects to have all of its newspapers in a consolidated editing and design operation by the end of the year. Once all newspapers have completed the transition, Media General expects to realize annualized cost savings of more than $1 million from efficiencies related to this initiative, starting in 2011. The company intends to use a portion of the savings to focus on intensified local news coverage.

“Our consolidated editing and design operations allow our newsrooms to focus on strong local news reporting. Stories will be edited once rather than multiple times, and we can take advantage of economies of scale and centralization of top talent,” said Donna Reed, Media General’s Vice President of Content. “Our customers will be unaffected by this internal process change and all news decisions will continue to be made by our local editors,” said Ms. Reed.

Over the past 10 years, Media General has consolidated and centralized a number of broadcast functions, including traffic, master control and graphics, and newspaper functions, including printing and distribution and various call centers. This approach allows the company’s properties to focus on their local communities while creating resource groups that both increase quality and provide significant process efficiencies.

The Lynchburg editing and design center produces the pages for The ( Lynchburg ) News & Advance, Danville Register & Bee, and the company’s Rockingham, N.C. , community newspapers. The (Manassas , Va.) News & Messenger and The (Waynesboro , Va.) News Virginian are in the process of transitioning there.

The Hickory, N.C. , editing and design center produces the pages for the Hickory Daily Record, Statesville Record & Landmark, The (Morganton) News Herald, The McDowell News, and the weekly Mooresville Tribune. The Florence (S.C.) Morning News and (Concord & Kannapolis , N.C.) Independent Tribune are in the process of transitioning there.

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Written by newscycle

April 7, 2010 at 11:22 pm

Media General Posts 3Q Loss of $62.5 Million

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Media General Inc., the Richmond, Va.-based publisher of the Richmond Times-Dispatch and The Tampa Tribune, reported a loss of $62.5 million, or $2.80 per share, in the third quarter today.

In 2008’s third quarter, the media company had a profit of $6.1 million, or 27 cents per share. Revenue reportedly dropped 18 percent to $158 million.

The absence of Olympic and political ad revenues, which contributed about $18.5 million in sales a year ago, were the reasons for the downturn, the company said.

Chief executive officer Marshall Morton conceded that the “advertising environment in the third quarter remained challenging.”

Media General says a hefty write-down in the value of its assets took profits down by $84 million. Excluding special items, it says earnings would have come to $4.4 million, or 20 cents per share.

Written by newscycle

October 21, 2009 at 9:44 am

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