Reuters logo
Media General revenue rises 40 pct
January 31, 2013 / 1:45 PM / 5 years ago

Media General revenue rises 40 pct

Jan 31 (Reuters) - Broadcaster Media General Inc posted a 40 percent jump in fourth-quarter revenue on an increase in political advertising, sending its shares up 6 percent before the bell.

The company earned $17.6 million, or 62 cents per share, in the fourth quarter, compared with a loss of $3.3 million, or 15 cents per share, a year earlier.

Revenue rose 40 percent to $108.7 million. The company recorded political revenues of $30 million for the quarter.

Shares of the Richmond, Virginia-based company were up 6 percent at $4.36 in premarket trading on Thursday. They closed at $4.12 on the New York Stock Exchange on Wednesday.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below