Thursday 18. October 2012
Media General Reports Third-Quarter 2012 Results
Media General, Inc. (NYSE: MEG), a broadcast television and digital media company, today reported operating income for the third quarter of 2012 of $22.5 million, compared with $4.8 million in the 2011 third quarter. The current quarter included corporate severance expense of $3.3 million, the absence of $1.9 million in expense savings last year from a company-wide furlough program and higher sales costs related to significantly increased revenues this year.