Media General shares are up about 20% in initial trading this morning following the announcement that it will combine with privately held Young Broadcasting in an all-stock transaction.

would affect staffing at the station. Galloway "anticipates entering into certain shared services and joint sales agreements with Young Broadcasting of Albany," according to a statement issued by ...

Richmond-based Media General Inc. and privately held New Young Broadcasting of Nashville, Tenn., announced an all-stock deal today to merge the two companies. The new company will be named Media ...