And another one down….

Media General Inc. will take a loss in the first quarter as it looks to sell four television affiliates.

The corporate parent of The Tampa Tribune and WFLA-Channel 8 reported a net loss of $20.3 million, or 91 cents per share, compared to a $6.5 million, or 27 cent per share, loss experienced the quarter before. Revenue was down 10.9 percent from $218.3 million in the first quarter of 2006 to $194.5 million this quarter.

Published in: on April 17, 2008 at 1:17 pm
Tags:

The URI to TrackBack this entry is: http://starcmc.wordpress.com/2008/04/17/and-another-one-down/trackback/

RSS feed for comments on this post.

Leave a Comment