Media General Stake Boosted: New York money...

Media General Stake Boosted: New York money manager Mario J. Gabelli has increased his stake in Media General Inc.’s Class A common stock to 30.27% from 23.3%. Although he continues to be the largest single shareholder of the company’s lower-tiered stock, Gabelli said he had no intention of seeking a seat on the Richmond, Va.-based company’s board. Class A shareholders have only 30% of the voting power in company decisions. The Class B stock, which commands the remaining 70%, is closely held by the founding Bryan family.