Media General, Inc. (MEG) reported a net loss for the third quarter of 2009 of $62.5 million, or $2.80 per share, compared with net income of $6.15 million, or $0.27 per share, in the 2008 period.
Loss from continuing operations was $60.38 million or $2.71 per share, compared to income from continuing operations of $5.73 million or $0.25 per share in the year ago quarter.
Income from continuing operations, adjusting for impairment charge and applying a 39 percent tax rate, was $4.4 million, or 20 cents per share, compared with $5.7 million, or 25 cents per share in the prior year.
Total revenues declined to $158 million from $192.94 million in the prior year quarter.
On average, 2 analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.