Media General said that depending on the number of people who take the early retirement, additional employees might also have to be laid off.

Media General controls all 18 of its stations from two hubs.

Media General planned to finish the migration within the first quarter of 2013.

For now, this is one story that Media General has under wraps.

Media General instead chose to construct a new building for the stations.

Our interest in Media General is not for sale at any price.

The paper, now owned by Media General, has been published since 1973.

Media General said 953 over-the-counter stocks rose, 900 declined and 95 were unchanged.

In 1970, the paper was sold to Media General.

Media General will have an option on 40 percent ownership for its $25 million.