TVNewser Show TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook GalleyCat MediaJobsDaily UnBeige

Media General Reports Slight Dip in First Quarter

Media General, which operates 18 stations focused mainly in southeastern markets, announced today that first quarter TV revenue had dropped 2.6% compared to the same period last year.

In its earnings report, Media General pointed to the same factors that Gannett mentioned in its first quarter announcement earlier this week: the absence of the Olympics on NBC-affiliates and the Super Bowl on CBS-affiliates caused a dip in revenue compared to 2010.

“We were pleased that our Broadcast television stations continued their strong performance,” said Marshall Morton, Media General’s president in CEO, putting a positive spin on things. “Total Broadcast revenues decreased $1.8 million, or 2.6 percent, from last year, despite the absence of $7.6 million in Olympics revenues and nearly $1 million in Super Bowl revenues.”

The company also reported that its local media websites experienced a strong gain in revenue, pulling in 20% more than the previous year.

Mediabistro Event

TVNewser Show Coming to NYC on April 29!

TVNewser ShowThe TVNewser Show Seminar & Media Job Fair will explore the way TV business and technologies are changing through informative panels and discussions with industry experts. Attendees will also have the opportunity to network with other like-minded professionals at the event's exclusive media job fair. Register before midnight on April 28 to save on on-site pricing!