Media General, Inc. (NYSE:MEG) today reported a net loss for the fourth quarter of 2008 of $85.5 million, or $3.86 per diluted share, including a non-cash pre-tax impairment charge of $130.4 million ($83.1 million after-tax).
Forecast achieved: 2008 turnover at approx. 415 to 420 million euros Earnings before tax and restructuring at around 20 to 25 million euros Number of CEWE PHOTO BOOKS increases by 75 percent to 2.6 million books in 2008 Great success with print products
Media General, Inc. (NYSE:MEG) today announced that total company revenues in December 2008 were $56.1 million compared with $68 million in December 2007.
VAS of 56.9 million in first quarter compared with 61.5 million (adjusted) a year ago in line with planning; EBIT of 3.4 million after 5.0 million a year ago; EBT (2.9 million compared to 3.2 million) additionally buoyed by exchange differences; Forecast for 2008/9 reaffirmed
Hicks Acquisition Company I, Inc. (AMEX: TOH) (“Hicks Acquisition”), a Dallas-based special purpose acquisition company (“SPAC”), Graham Packaging Holdings Company (“Graham Packaging”) and The Blackstone Group (NYSE: BX) announced today that they have amended their previously announced agreement under which Graham Packaging will go public through a transaction with Hicks Acquisition in partnership with Blackstone and the Graham Group.
International Paper (NYSE: IP) announced today that it is rescheduling its previously announced Investor Day from Feb. 18 to June 9. The company made the decision to postpone the event, which was originally intended to focus solely on its industrial packaging business, in order to provide a broader company update.
Achieves Annual Revenue Growth of 14%; Fourth Quarter GAAP Diluted Earnings Per Share of $0.33; Fourth Quarter Non-GAAP Diluted Earnings Per Share of $0.48; Announces Restructuring Program to Reduce Annualized Operating Expenses by Approximately $50 Million
