The Oracle of Omaha acquired his hometown newspaper in January and just snapped up dozens more in a $142 million deal. This is supposed to be the fastest declining industry in America. What is Warren Buffett up to? Read More »
As more newspapers roll out paywalls, they are looking for new types of content and services to entice readers, and are also turning to new… Read More »
Media General Online Revs Rise; Zillow, Yahoo Help Boost Classifieds
While most of the pickup in online advertising spending this year has occurred on the national level, Media General’s Q3 earnings demonstrat… Read More »
Several months after McClatchy partnered with Groupon to promote the daily deal service in many of its local markets, Media General (NYSE: M… Read More »
After working together for years through a trade association, a dozen broadcasters are now forming a financially-backed joint venture to dev… Read More »
Media General Posts Profit On (What Else?) Cost Cuts; Digital Revs Climb
Media General followed the newspaper publisher trend of reaching profitability through cost cutting in Q4, as publishing revenues in general… Read More »
Earnings: Media Gen Swings To Q4 Loss; Interactive Revs Rise 10 Percent
Media General (NYSE: MEG) posted a net loss for Q4 of $85.5 million ($3.86 per diluted share) on a pre-tax impairment charge of $130.4 mill… Read More »
Earnings: Media General Reports Higher Q3 Earnings Aided By Politics, Olympics; Narrows Digital Loss
Looks like Media General (NYSE: MEG) reaped the most benefits possible from the politics-Olympics combo in Q3 but it will be a tough perform… Read More »
The Shares Also Rise: Newspapers Spike On Not-Terrible Losses; Digital Growth
For newspapers, any news that’s not terrible is considered a win… Take NYTCo (NYSE: NYT), which yesterday reported a 14 percent decline in… Read More »
Newspaper Roundup: AP; McClatchy; Media General
– AP: As expected, some newspapers are pulling out following the much-discussed rate changes for the co-op. At the same time, even papers g… Read More »
10-Q Watch: McClatchy; Hollywood Media; Media General; Internet Brands; PlanetOut’s Sale Progress
From our we-kill-ourselves-so-you-don’t-have-to department, the mind-numbing details of some recently filed 10-Qs: – McClatchy: Certain Mc… Read More »
Earnings: Media General Q2 Income In Free Fall; Interactive up 13.7 Percent, But Unit Swings To Loss
Here’s the latest rough newspaper quarter: Media General (NYSE: MEG) announced Q2 revenue of $204.8 million, a decrease of 10 percent from $… Read More »
By the beginning of Q3, Media General (NYSE: MEG) says it will have dropped the equivalent of 750 full-time jobs from its payroll — saving… Read More »
Harbinger, the activist fund going after Media General (NYSE: MEG), has successfully installed three representatives to the company’s board.… Read More »
Media General (NYSE: MEG), locked in a bid to fend off an activist investor group, reported Q1 revenue of $194.4 million, 11 percent lower t… Read More »
It looks like everything is breaking in Harbinger’s direction, in its effort to get its slate on the Media General (NYSE: MEG) board. In a l… Read More »
The New York Times Company (NYSE: NYT) has settled with Harbinger but the Media General (NYSE: MEG) beatdown goes on … MEG CEO Marshall Mo… Read More »
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