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GARDEN STATE NEWSPAPERS FAILS TO REDEEM SERIES A AND C PREFERRED STOCK

 RICHMOND, Va., Jan. 3 /PRNewswire/ -- Media General (AMEX: MEG.A) stated today that Garden State Newspapers Inc. failed to redeem Series A and Series C Preferred Stock that previously had been issued to Media General and which was mandatorily redeemable on Jan. 1, 1994.
 Media General is considering its options which include selling its 40 percent interest in GSN, or initiating proceedings to acquire its partners' interests.
 -0- 1/3/94
 /CONTACT: Richard Pendegast of Media General, 804-649-6657/
 (MEG)


CO: Media General; Garden State Newspapers Inc. ST: Virginia IN: PUB SU:

IH-DC -- DC018 -- 8644 01/03/94 17:11 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:100
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