Media General (MEG) Misses Q4 EPS by 2c, Offers Q1 Outlook
Media General (NYSE: MEG) reported Q4 EPS of $0.29, $0.02 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $217 million versus the consensus estimate of $192.98 million.
Media General sees Q1 2015 revenue of $295-301 million, versus the consensus of $324.60 million.
| $ millions | First Quarter of 2015 | |||
| Net broadcast revenues | $262 to $266 | |||
| Net digital revenues | $33 to $35 | |||
| Total net revenues | $295 to $301 | |||
| Direct operating and selling, general and administrative expenses | $214 to $216 | |||
| Station non-cash share-based compensation expense | $0.3 | |||
| Amortization of program rights | $11 to $12 | |||
| Cash payments for programming | $12 to $13 | |||
| Corporate expense | $14 to $15 | |||
| Corporate non-cash share-based compensation expense | $2.4 | |||
| Depreciation and amortization of intangibles | $37 to $40 | |||
| Cash capital expenditures | $5 to $7 | |||
| Cash interest expense | $28 | |||
| Principal amortization of term loans and finance lease obligations | $3 | |||
| Cash taxes | $7.5 |
For earnings history and earnings-related data on Media General (MEG) click here.