Media General Inc. (MEG) Widens Q3 Loss to $1.34/Share; Guides Q4 Growth
Media General Inc. (NYSE: MEG) reported Q3 EPS of ($1.34), versus ($1.32) reported last year. Revenue for the quarter came in at $93.8 million, versus $66.1 million reported last year.
For the fourth quarter, the company expects total revenues to increase 25-28% over last year.
For the full year 2012, the company expects that cash provided by operations will be used to make interest payments of $65 million, capital expenditures of $15 million and retirement plan contributions of $9 million. The pension contribution is down from our previous guidance of $13 million, due to the relief provided by this year by Congress.
For earnings history and earnings-related data on Media General Inc. (MEG) click here.
For the fourth quarter, the company expects total revenues to increase 25-28% over last year.
For the full year 2012, the company expects that cash provided by operations will be used to make interest payments of $65 million, capital expenditures of $15 million and retirement plan contributions of $9 million. The pension contribution is down from our previous guidance of $13 million, due to the relief provided by this year by Congress.
For earnings history and earnings-related data on Media General Inc. (MEG) click here.