Media General, Inc. (MEG) reported fourth-quarter net loss of $3.3 million or $0.15 per share versus profit of $9.05 million or $0.39 per share last year.
Total revenues were down to $167.73 million from $189.88 million a year ago. This decrease was mostly due to an expected and significant decrease in Political revenues in an off-election year. Lower Print revenues and a drop in Advertising Services revenues also contributed to the overall revenue shortfall.
Marshall Morton, president and chief executive officer, said, "..For 2012 overall, we expect a continued decline in total Print revenues, although we are not prepared at this early stage to forecast by how much, due to limited visibility..."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.