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Media General Posts Loss In Q4 - Quick Facts

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1/26/2012 8:37 AM ET

Media General, Inc. (MEG: Quote) 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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by RTT Staff Writer

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Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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