Media General Q3 Profit Rises - Quick Facts

(RTTNews) - Media General, Inc. (MEG) Tuesday reported third-quarter net income attributable to the company of $13.40 million or $0.15 per share, higher than $4.48 million or $0.07 per share in the year-ago quarter.

On average, 3 analysts polled by Thomson Reuters expected earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Net operating revenue for the quarter soared to $160.22 million from $54.10 million in the same quarter last year. Analysts estimated revenue of $164.35 million.

Meanwhile, adjusted net operating revenue increased 21 percent to $160.2 million from combined company (Media General and Young) revenues of $132.6 million last year.

In November 2013, Media General and New Young Broadcasting Holding Co., Inc. were combined in an all-stock merger transaction as a reverse acquisition.