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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