You will be redirected back to your article in seconds

Financial briefs

Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the comparable period last year.

Revenues for the 1994 first quarter were $ 149.4 million, up 4% from $ 144. 2 in the same period a year ago. The company publishes newspapers and operates television stations. Media General’s stock was up 37 1/2 cents to $ 22.87 1/2 in late afternoon trading Monday on the American Stock Exchange.

Regal Cinemas Inc. has completed its $ 24.5 million cash purchase of 13 theaters from National Theater Holdings Corp., of Cleveland. Most of the theaters are located in Cleveland, Akron and Youngstown, Ohio. With the purchase , Knoxville, Tenn.-based Regal Cinemas now operates 61 theaters, with 454 screens, in 10 states.

More Biz

  • Oprah Responds to Trump Tweet Claiming

    Oprah Responds to Trump's Tweet Claiming Bias in '60 Minutes' Segment

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

  • Music Theatre International

    Drew Cohen Named Global CEO of Music Theatre International

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

  • 'Daily Show's' Michelle Wolf to Host

    'Daily Show' Contributor Michelle Wolf to Host White House Correspondents' Dinner

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

  • Harvey Weinstein ousted

    Weinstein Co. Sued by Lindt Chocolatier Over Canceled Golden Globes Party

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

  • Pandora Shares Surge as Fourth-Quarter Subscription

    Pandora Shares Surge as Fourth-Quarter Subscription Revenue Climbs 63%

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

  • Eric Schneiderman

    Weinstein Co. Deal Moving Ahead After Three-Hour Meeting With Attorney General

    Media General Inc. said Monday its earnings increased 16% in the first quarter due to sharply higher results in its newspaper and television operations. For the period ended March 27, the company reported earnings of $ 3. 9 million, or 15 cents a share, compared with earnings of $ 3.4 million (13 cents) for the […]

More From Our Brands

Access exclusive content