Media General Settles Damages Claim from Fire
TV-Station Operator and Newspaper Publisher’s Insurance Co. to Pay $48M After Fire at Richmond Times-Dispatch Printing Facility
By B&C Staff -- Broadcasting & Cable, 12/26/2007 10:01:00 AM
Media General said its insurance provider will pay $48 million to cover damages from a fire at one of its printing facilities, AP reported.
A press at the company’s Richmond Times-Dispatch printing facility near Richmond, Va., caught fire during the second quarter, and the TV-station operator and newspaper publisher said in a regulatory filing Wednesday that the settlement amount will cover property damage, business interruption and out-of-pocket cleanup expenses, according to AP.
Talkback
Media General Furthers Furloughs
09/18/2009Remote-Control Graphics
04/11/2008Graphic Consolidation
08/19/2007In Full Swing
09/26/2008
Product Wire
