Media General reports third quarter earnings

21 Oct 2009

Media General Inc. has reported a net loss for Q309 of $62.5 million, compared with $6.1 million net income one year ago. Total operating costs decreased 18 percent from Q308, primarily because of a 17 percent decrease in compensation expense due to a reduction of 770 full time equivalent employees, and 54 percent decline in the cost of newsprint. By the end of 2009 a furlough program will have



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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.