Media General is making money…
(edited from TVNewsCheck.com) - Media General Inc. today reported total broadcast revenues in the second quarter increased approximately 13% from last year.
“Media General’s second-quarter operating results included $7 million in political revenues and our television stations also benefited from increased automotive spending, which was up nearly 42% compared with last year,” said Marshall N. Morton, president and chief executive officer. Total broadcast revenues in the second quarter increased 13%.
Florida segment profit was $1.5 million, compared with $193,000 a year ago. Expenses decreased 4%, offsetting a 1% decline in total revenues. Broadcast revenues increased 17%, due to strong political advertising on WFLA, but were more than offset by lower publishing revenues. Political revenues were $1.6 million compared with essentially none last year, reflecting gubernatorial, U.S. Senate and U.S. House races….Cont….

(from OrlandoSentinel.com)

