Media General (MEG) Misses Q1 EPS Views; Guides Q2 Revenue
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Media General, Inc. Announces First Quarter 2016 Results
May 6, 2016 7:30 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Media General, Inc. (Media General or the Company; NYSE: MEG), one of the nations largest local media companies, today reported results for the first quarter ended March 31, 2016.
Summary of Results for the First Quarter 2016
Net revenues increased 16% to $343 million, compared to $297 million in the prior year. Net local revenues, which include net local advertising revenues and retransmission consent fees, increased 11% to $230 million, compared to $207 million in the prior year. Net national revenues... More