Media General’s 18 TV stations helped offset the financial struggles of its 23 newspapers in the first quarter of this year, the company announced today in its quarterly earnings report.
Media General reported $3.2 million of operating income for the first quarter of 2012 compared with an operating loss of $4.2 million for the same period last year. The company’s total revenue for the quarter was $150 million, up 0.
Media General reported $144 million in net operating revenue for the first quarter of 2014, a 16% increase on the year-ago quarter. It was the first full quarter for the combined Media General and Young Broadcasting. The company rep... Read Post
Media General reported a $78.5 million in station net revenue for the third quarter of 2013, 16.4% drop compared to the year-ago quarter. As with other station groups, the decline was attributed to a drop in both political and Olymp... Read Post