Media General Bleeds To The Tune Of $60 Mil But Ad Spending Could Be Up

The Richmond, Va.-based company, which owns U.S. papers such as the Richmond Times-Dispatch and Tampa Tribune and 19 television stations, has been slashing jobs for the better part of a year (here and here; the company has 770 fewer employees now than it did this time last year) and instituted furloughs, none of which was enough to stem the losses.

But