Reuters: Regulatory News: UPDATE 1-Media General to record loss on sale of newspapers

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UPDATE 1-Media General to record loss on sale of newspapers Jun 29th 2012, 12:56 Fri Jun 29, 2012 8:56am EDT June 29 (Reuters) - Broadcaster and publisher Media General Inc said it will record a charge of $105 million to $115 million in the second quarter following the sale of some of its newspapers to World Media Inc. In May, Media General agreed to sell 63 daily and weekly newspapers to World Media Inc, an unit of Berkshire Hathaway Inc , for $142 million. It completed the sale earlier this week. Media General's shares closed at $4.39 on the New York Stock Exchange on Thursday.

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