Media General Revenue Flat, Operating Income Up 28% in Q1

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By Merrill Knox Comment

Media General reported $73.9 million in total revenues for the first quarter of 2013, nearly even with $74.2 million during the year-ago quarter. The company’s operating income increased by 28% to $5.8 million.

Political revenues in the first quarter totaled $507,000, down from $6.2 million during the first quarter of 2012, which was an election year. The loss was offset by a 55% increase in retransmission revenues and an 18% increase in digital revenues.

Virginia-based Media General owns 19 local television stations.

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