Thursday, July 23, 2009

Media General reports 2Q profit

Newspaper publisher and TV station owner Media General Inc. says cost cutting helped deliver a profitable second quarter.
The Richmond, Va., company, publisher of the Richmond Times-Dispatch and The Tampa Tribune, earned $20.6 million, or 90 cents per share. That compares with a loss of $532.2 million, or $24.12 per share, a year ago, when the company took a hefty one-time charge.

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