Media General (MEG) Posts Q3 GAAP Loss of 38c/Share

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Go back to Media General (MEG) Posts Q3 GAAP Loss of 38c/Share

Media General, Inc. Announces Third Quarter 2015 Results

November 5, 2015 7:31 AM EST

Total Net Revenues, Excluding Political, Grow 7% Year-Over-Year

RICHMOND, Va.--(BUSINESS WIRE)-- Media General, Inc. (Media General or the Company; NYSE: MEG), one of the nations largest local media companies, today reported results for the third quarter that ended September 30, 2015.

Commenting on the Companys results, President and Chief Executive Officer, Vincent L. Sadusky, said: Our total net revenues, excluding political revenues in this off-cycle year, increased 7% year-over-year. Our strong results were driven by 4% growth in core advertising and higher retransmission consent fees. Our team made meaningful progress on... More