Richmond, Va. - To cope with the major downturn in the newspaper industry, Virginia-based Media General, the large media company that owns dozens of newspapers and television stations throughout the Southeast, announced on Thursday that it will have reduced its headcount by 750 positions by the beginning of the third quarter.

Richmond, Va. - A month after first announcing the deal, Media General, an owner of newspapers, television stations and web sites in the Southeast, said that it has completed its acquisition of online social shopping portal DealTaker.com from Texas-based NARAE Enterprises.

Richmond, Va. - Media General (NYSE: MEG), the owner of newspapers, TV stations and websites in the Southeast, said that it has signed a deal with Texas-based NARAE Enterprises to acquire DealTaker.com, an online social shopping portal with more than 100,000 registered users.

Washington - The Open Mobile Video Coalition (OMVC), an association of television broadcasters looking to accelerate development of mobile digital broadcast TV in the U.S., announced on Tuesday that nine additional broadcast station groups have joined its ranks. New members Cox Television, Dispatch Broadcast Group, Freedom Broadcasting, LIN TV, Meredith, Media General, Post-Newsweek Stations, Raycom Media and Schurz Communications joined existing members including Belo, NBC, Tribune Fox and Gannett. The OMVC plans to develop standards, devices and business models with the goal of a 2009 launch.

San Diego - VMix, an interactive media and social networking community, announced on Tuesday that it has signed an agreement to provide publisher Media General with technology for managing user-generated videos, photos, audio, blogs, ratings, polls and other community content. The VMix technology will be deployed across more than 50 Media General sites, including those of The Tampa Tribune, Richmond Times-Dispatch and Winston-Salem Journal.

Yahoo! Inc. today announced that the Board of Directors has appointed Blake Jorgensen, the co-founder of Thomas Weisel Partners, as chief financial officer. Jorgensen will commence employment with the Company on or about June 4, 2007. Jorgensen will replace Susan Decker, who has moved into a new role as head of the advertiser and publisher group. Jorgensen will be a key member of Yahoo!'s executive team, overseeing the company's finance, investor relations and mergers and acquisitions (M&A) groups. He will report directly to Yahoo!'s Chairman and Chief Executive Officer, Terry Semel.
http://www.yahoo.com

Sunnyvale, Calif. - Yahoo announced on Monday that it has expanded its partnership with 12 newspaper companies, and will now provide search and advertising technology across all 264 newspaper sites, as well as share local news stories.