Media General, Inc. Announces Record Third Quarter 2016 Results

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Go back to Media General, Inc. Announces Record Third Quarter 2016 Results

Media General (MEG) Posts Surprise Q3 Loss

November 9, 2016 7:49 AM EST

Media General (NYSE: MEG) reported Q3 EPS of ($0.53), $0.85 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $377 million versus the consensus estimate of $404.43 million.

The losses were driven by non-cash, pre-tax impairment charges related to the Companys digital... More