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It’s Trading Day! Five Station Groups Buy and Sell Ten Stations

By Kevin Eck on Aug. 20, 2014 - 1:13 PM

Five station groups have undertaken a station swap similar to what happens at the trading deadline in professional sports. This time, though, the moves affect hundreds of people. Media General and LIN Media, looking to comply with ...

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Q1 Earnings: Media General Net Operating Revenue Up 16%

By Merrill Knox on Apr. 28, 2014 - 11:55 AM

Media General reported $144 million in net operating revenue for the first quarter of 2014, a 16% increase on the year-ago quarter. It was the first full quarter for the combined Media General and Young Broadcasting. The company r ...

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Media General Shareholders OK Merger with Young

By Kevin Eck on Nov. 8, 2013 - 11:55 AM

Media General shareholders have approved the company’s merger with New Young Broadcasting. The merged company will keep the Media General name and will continue to be traded on the NYSE under its existing symbol MEG. “We� ...

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Q3 Earnings: Media General Station Net Revenue Down 16%

By Merrill Knox on Oct. 31, 2013 - 3:54 PM

Media General reported a $78.5 million in station net revenue for the third quarter of 2013, 16.4% drop compared to the year-ago quarter. As with other station groups, the decline was attributed to a drop in both political and Oly ...

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Q2 Earnings: Media General Total Revenue, Excluding Political, Up 5%

By Merrill Knox on Aug. 8, 2013 - 10:59 AM

Media General reported total gross revenues, excluding political, increased 4.7% year-over-year in the second quarter of 2013. Political revenues experienced an expected decline, from $7.5 million to $1 million, in the non-electio ...

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Young Broadcasting, Media General to Merge

By Merrill Knox on Jun. 6, 2013 - 10:02 AM

Media General and Young Broadcasting have announced an agreement to merge the two companies. The new company will retain the Media General name and location, based in Richmond, Va. Media General owns 18 stations and Young owns or ...

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Media General Q4 Revenue Up 40%

By Merrill Knox on Jan. 31, 2013 - 2:31 PM

In the fourth quarter of 2012, Media General reported total revenues of $108.7 million, an increase of 39.5% from the year-ago quarter. Media General reported an operating income of $42.3 million and a net income of $17.6 million ...

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