You will be redirected back to your article in seconds

Media General posts $ 1.9 mil net profit

Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share).

For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million.

Revenues for the period were down 2% to $ 139.9 million vs. a year ago.

The company said third-quarter revenues and operating profits were paced by its cable television units. Media General said newspaper and broadcast television revenues were “essentialy flat” with those of the year-earlier period , while newsprint revenues dropped because of depressed prices.

More Biz

  • Tavis Smiley Accuses PBS of Racial

    Tavis Smiley Accuses PBS of Racial Bias in Contract Lawsuit

    Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share). For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million. Revenues for the period were down 2% to $ 139.9 million […]

  • Maria Contreras-Sweet

    Weinstein Co. Bidders to Meet With New York Attorney General

    Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share). For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million. Revenues for the period were down 2% to $ 139.9 million […]

  • Tony Hernandez

    Imagine Entertainment Acquires Tony Hernandez's Jax Media

    Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share). For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million. Revenues for the period were down 2% to $ 139.9 million […]

  • Dua Lipa Dan McCarroll

    Dan McCarroll, Former President of Warner Bros. Records, Joins Amazon

    Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share). For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million. Revenues for the period were down 2% to $ 139.9 million […]

  • Reliance Industries chairman Mukesh Ambani

    Mukesh Ambani's Reliance Industries Takes Stake in Eros International

    Media General Inc. posted a third-quarter net profit of $ 1.9 million (7 cents a share). For the same period last year, the company posted a net loss of $ 78.8 million ($ 3.03). The 1991 results include a write-off of $ 74.3 million. Revenues for the period were down 2% to $ 139.9 million […]

More From Our Brands

Access exclusive content