27.02.2014 14:28:18

Media General Posts Q4 Loss Of $0.07 Per Share - Quick Facts

(RTTNews) - Media General, Inc. (MEG), a local broadcast television and digital media company, Thursday said fourth-quarter net loss attributable to the company was $5.157 million or $0.07 per share compared to a profit of $19.09 million or $0.30 per share last year. Net operating revenue increased to $109.99 million from $71.44 million in the prior year.

On November 12, 2013, Media General, Inc. and New Young Broadcasting Holding Co., Inc. were combined in an all-stock merger transaction.

The consolidated financial statements of Media General, the legal acquirer and the continuing public corporation in the transaction, include the operating results for only the former Young Company for periods prior to November 12, 2013.

For 2014, Media General expects political revenues to be robust, as it operates in the battleground states of Iowa, Florida, Michigan, North Carolina, Ohio, Virginia and Wisconsin.

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