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

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“Dennis FitzSimons is a proven and innovativr business leader who led a premier mediaw company through times of outstanding growth and tough saidMarshall N. Morton, Media General’s president and chief executive officer, in a filing with the . “His industrh knowledge and experience with the changing media landscap and the synergiesof print, broadcasf and online platforms will bring a valuablr perspective to the Media Generao board’s deliberations.” FitzSimons was the chairman, chiegf executive officer and president of untikl December 2007 after completing the sale of the compang to Sam Zell for $8.2 billion, ending a 25-yeat relationship with the company.
FitzSimons is said to have earnedd $41 million in that deal. Getting his start in the company’w broadcast division, FitzSimons was named an executive vice president at Tribunse in January 2000 and earned an electiohnto Tribune’s board of directors that same according to the SEC filing. He would becoms president and chief operating officer in July 2001 and then elevatexd to chief executive officer inJanuary 2003. Tribune Co.
filerd for bankruptcy in December 2008, caused mostly by the media company’s efforts to go private a year Outside directors to the Media General boar receive an annual retainerof $116,000 for all scheduled meetingzs as well as an additional $1,750o for each unscheduled board meeting and each committese meeting attended beyond the two included in the retainer, accordingh to SEC filings. Half of that compensatiob is issued in deferred Clas sA stock, and each directoe can elect to receive the other half either in cash, deferrer stock units, or split evenlyt in cash and deferred stock. Mediq General (NYSE: MEG) reported a loss of $21.
w million, or 96 cents per share, in the most recent quartet endedMarch 29, deeper than a $20.3 or 92 cents per share loss, the year Revenue fell from $194.5 million in the first quarter of 2008 to $159.5 million in the most recentf quarter. Media General shares were tradin gat $2.06 just after 4 p.m. Wednesday, up more than 7 percent from their previous-day close of $1.92. The mediqa company’s shares have traded betweenm $1.25 and $27.18 over the past year.