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

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“Dennis FitzSimons is a provenn and innovative business leader who led a premietr media company through times of outstanding growth andtougj challenges,” said Marshall N. Morton, Media General’s president and chievf executive officer, in a filing with the . “Hie industry knowledge and experience with the changingb media landscape and the synergiesof print, broadcast and onlinr platforms will bring a valuablr perspective to the Media Generalk board’s deliberations.” FitzSimons was the chairman, chief executive officere and president of until December 2007 after completing the sale of the companyy to Sam Zell for $8.
2 billion, endinh a 25-year relationship with the company. FitzSimonsz is said to have earned $41 million in that Getting his start inthe company’s broadcasf division, FitzSimons was named an executive vice presidentg at Tribune in January 2000 and earned an electionm to Tribune’s board of directors that same according to the SEC He would become president and chief operatintg officer in July 2001 and then elevate to chief executive officer in Januaru 2003. Tribune Co.
filesd for bankruptcy in December 2008, caused mostly by the mediz company’s efforts to go private a year Outside directors to the Mediz General board receive an annual retainefrof $116,000 for all scheduled meetings as well as an additional $1,750 for each unscheduled board meeting and each committere meeting attended beyond the two included in the according to SEC filings. Half of that compensatiohn is issued in deferred Class A and each director can elect to receive the other half either in deferredstock units, or splir evenly in cash and deferred Media General (NYSE: MEG) reported a loss of $21.
million, or 96 cents per in the most recent quartert endedMarch 29, deeper than a $20.3 million, or 92 cents per share the year before. Revenu e fell from $194.5 million in the firstr quarter of 2008to $159.5 million in the most recenf quarter. Media General shares were tradingat $2.06 just after 4 p.m. up more than 7 percent from theier previous-day close of $1.92. The media company’sx shares have traded between $1.25 and $27.
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