Media General Sees Modest Overall Loss In 3Q

  • October 17, 2008
Media General said third-quarter total broadcast revenues declined 1.5%, blamed on lower spending in the auto category. Political revenues were up by $5.9 million to $7.5 million from the presidential and congressional races.

Broadcast division profit was $17.7 million--an increase of 24.5% from last year's period. Olympics revenues of $12.5 million largely offset weak national transactional sales.

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