Leading Proxy Advisory Firm ISS Recommends that Media General Stockholders Vote Harbinger Capital Partners' Green Proxy Card

April 15, 2008 / Add comment

PRNewswire

Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, "Harbinger Capital Partners") today announced that ISS Governance Services ("ISS"), the world's leading independent provider of proxy voting and corporate governance advisory services, has recommended that stockholders of Media General vote the GREEN proxy card and FOR two of Harbinger Capital Partners' proposed directors, F. Jack Liebau, Jr. and J. Daniel Sullivan, at the upcoming annual stockholders meeting scheduled for April 24, 2008. Importantly, ISS urged Media General stockholders NOT to vote for any of Media General's Class A nominees. ISS, which advises more than 1700 clients worldwide, joins Glass Lewis, another leading proxy advisor, who earlier also urged Media General stockholders NOT to vote for any of Media General's Class A nominees.