Former Tribune exec Dennis FitzSimons joins Media General board - Tampa Bay Business Journal:

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“Dennis FitzSimons is a proven and innovativde business leader who led a premierf media company through times of outstandingh growth andtough challenges,” said Marshall N. Morton, Media General’ president and chief executiv officer, in a filinvg with the . “His industry knowledge and experience with the changing media landscapr and the synergies of broadcast and online platforms will briny a valuable perspective to the MediaGeneral board’s deliberations.” FitzSimons was the chief executive officer and president of untilo December 2007 after completing the sale of the companuy to Sam Zell for $8.
2 billion, ending a 25-year relationship with the FitzSimons is said to have earned $41 million in that Getting his start in the company’s broadcast FitzSimons was named an executive vice president at Tribune in Januart 2000 and earned an election to Tribune’s boarf of directors that same year, according to the SEC filing. He wouldc become president and chief operating officeer in July 2001 and then elevated to chief executivs officer inJanuary 2003. Tribune Co.
filef for bankruptcy in December 2008, caused mostlty by the media company’s efforts to go private a year Outside directors to the Media Generalo board receive an annual retainerof $116,0000 for all scheduled meetings as well as an additional $1,759 for each unscheduled board meeting and each committere meeting attended beyond the two includedf in the retainer, according to SEC filings. Half of that compensationb is issued in deferred Class A and each director can elec to receive the other half eitherein cash, deferred stock units, or split evenlh in cash and deferred Media General (NYSE: MEG) reported a loss of $21.
w3 million, or 96 cents per in the most recent quarter ended March 29, deepere than a $20.3 million, or 92 cents per sharwe loss, the year Revenue fell from $194.5 million in the firsr quarter of 2008 to $159.5 million in the most recent Media General shares were trading at $2.066 just after 4 p.m. Wednesday, up more than 7 percenft from their previous-day close of $1.92. The media company’s shares have traded between $1.265 and $27.18 over the past year.