Media General (MEG) Posts Surprise Q3 Loss
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Media General, Inc. Announces Record Third Quarter 2016 Results
November 9, 2016 7:30 AM ESTRICHMOND, Va.--(BUSINESS WIRE)-- Media General, Inc. (Media General or the Company; NYSE: MEG), one of the nations largest local media companies, today reported for the third quarter ended September 30, 2016, including record revenues and Adjusted EBITDA.
Summary of Results for the Third Quarter 2016
The Company had a net loss attributable to Media General of $69 million ($0.53 loss per diluted share), compared to a net loss of $48 million ($0.38 loss per diluted share) in the third quarter of the prior year. The losses were driven by... More