Friday 28. January 2011
Media General Reports Fourth-Quarter 2010 Results, Provides Outlook
Media General, Inc. (NYSE: MEG) today reported that operating income in the fourth quarter of 2010 increased 12 percent to $36.4 million from $32.5 million in the fourth quarter of 2009. Net income in the fourth quarter of 2010 was $9 million, or 39 cents per share, compared with $27.4 million, or $1.18 per diluted share in the 2009 fourth quarter. The year-over-year change in net income was due almost entirely to non-cash tax expense and higher interest expense in the 2010 period.